How to Build Time-Specific Trading Strategies with TradeShields

How to Build Time-Specific Trading Strategies with TradeShields

Markets behave differently at different times of the day, influenced by global trading sessions. For instance, the London and New York sessions see significant volatility, while the Asian session may offer more gradual trends. With TradeShields, you can build time-specific strategies to take advantage of these session dynamics.

Why Trade During Specific Sessions?

Each session has its own unique characteristics:

• Asian Session: Generally quieter with less volatility, making it suitable for range-based strategies.
• London Session: High liquidity and volatility as European markets open. Perfect for breakout strategies.
• New York Session: Overlaps with London for part of the day, creating major price moves and trend opportunities.

By focusing your strategy on specific sessions, you can align your trades with the market's natural rhythm for higher success rates.

How to Build Time-Based Strategies in TradeShields

TradeShields offers easy-to-use time filters, allowing you to automate trades only during specific sessions:

1. Use the "Trade Specific Sessions" input to select sessions like Asia, London, or New York.
2. Set up a custom time window if you want to focus on even more precise trading hours.
3. Combine time filters with your entry signals to fine-tune your approach.

For example, you might configure:

• Entry: Trade only during the London session when price breaks the previous day’s high.
• Exit: Close positions by the end of the New York session to avoid overnight risks.

Test and Optimize

Once you’ve configured your session filters, backtest your strategy on TradingView to analyze performance. You’ll be able to see exactly how focusing on specific times impacts your results, helping you refine the setup further.

With TradeShields, time-specific trading becomes effortless. Build a strategy that targets the sessions where you see the greatest opportunities, and let automation handle the rest.