My answer would be that time don't really matters. Some look at a picture for hours and don't understand it while others can see everything only by a short glance.
Study your program in different situation and try to understand its behaviour so that you can estimate it's risk and chances:
Based off my experience at least 1 year. Your signal study based instrument must take into consideration on various factor:
1) Your signal work best on which instrument, on various market behaviour, conditions and volatility;
2) Which timeframe to be used;
3) The risk reward ratio, return of profits, loss rate;
Good luck in your research!
Hi. I believe time is relative and it varies from person to person. Based on your learning and trading styles, you need to consider few factors. For me, I take account of the following issues:
1) The best time frame, the time frame where you can achieve the most profits. I usually trade between 3pm and 12 am EST.
2) The estimation whether I will gain profits or losses in a trade. I mainly pay attention whether I am profitting when there is an upwards trend. I also examine whether I am at a loss when the market is flat
3) I also determine how much profits I am gaining and how many losses I faced. If the money I lost altogether is more than the money I gained in a month, it means I need to stop and try out a new strategy or I will bleed out dry.
4) I usually try to stay on the safe side and stop my trade when I notice the trade fluctuating very quickly. I usually exit when the trend is in my favour, stop order basically.
Hope this helps :)
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