There are endless trading strategies that traders can build. The style and the approach of each system depend mostly on
the indicator selected
the time frame of the indicator.
The time frame determines the calculation of the indicator, and thus, has a key role in shaping the trading strategy.
For example, regarding the choice of a price change in a condition, you can set a higher or lower price change, and you can calculate it on a longer or shorter time frame.
This matrix summarizes how these elements influence the style of the strategy.
How we calculate the time frames for price
After selecting an indicator to add to your condition block, you need to choose the time frame in which to calculate it.
Let's take as an example a "price increase within 15 minutes".
That means that the price reference to calculate the price increase is updated every 15 minutes. The bot uses candlestick data so that at any time, it compares the market price to the closing price of the first previous 15-minutes candle.
You can check the time frame on a chart to see how it works. The example below shows how it would work.
The current price increase of BTCUSDT within 15 minutes is around +0.40%
When you select a time frame, the bot dynamically follows the market trend. If you prefer to use a fixed price reference, you can use "from current market price" instead.