For Business

Trading Strategies

How to Choose a Strategy for Your Schedule

Choosing a strategy for your schedule means reading the hours a strategy needs at the screen against the hours you have, before anything else about it. This paper shows you four strategies from this shelf on one twenty-four-hour ring in the feed's time; the idea as a duty roster with your free hours laid over each strategy's; one day of the euro against the dollar cut into its four sessions, with how far each moved; the same four strategies as hours a week; and the push notifications that let a one-moment-a-day strategy ring your phone.

Difficulty
Advanced
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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A strategy is a time of day

Before a strategy is a rule, it is a time of day. Every strategy on this shelf has hours when its cue can come and hours when it cannot, and the market fixes them, not the trader. On the ring — this feed's time, where London wakes at 10:00 and the American stock market opens at 16:30 — five-minute scalping needs the screen from 10:00 to 19:00. The opening range breakout needs the hour after 16:30. The London breakout needs the hour after 10:00. The daily candle close strategy needs one look at 00:00. Choosing a strategy for your schedule means choosing where on this ring your free hours fall.

A duty roster

Picture a duty roster. Your free hours are one row — here an evening after work, 20:00 to midnight on this feed's clock — and each strategy's hours are a row of their own. Lay your row over theirs. The five-minute scalp and the two breakouts sit in hours when this person is at work. The daily close strategy needs ten minutes at midnight, and that is the only row inside theirs. The roster does not say which strategy is better; it says which ones can be run at all by someone with these hours. That question comes before every other question about a strategy.

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