How to Get Multiple Charts in 1 Chart Window

Want to trade two types of charts in one chart window? This video will teach you how. Doing so will quickly let you get a glimpse of different types of market activity. You can run a 1-Minute chart alongside a 5-Minute chart, for example. On each chart, you can have the appropriate indicator. In other words, you could scalp on the 1-Minute chart and using the Atlas Line on the 5-Minute.

It is also possible to add a panel for the ATR and place it in between the two charts. The video shows this. This is a good configuration because you can see when signals match up or confirm one another, or when one filters out another, in order to decide to take a trade or to skip. Because the ATR is used as a volatility, profit target, and stop loss indicator, it makes sense to have its position centralized within the chart.

In case you are wondering, the Trade Scalper is used in this video. A 1-Minute chart is on top and a 5-Minute chart below. One DayTradeToWin testimonial is written by someone who likes to confirm movement on both chart types. He does not indicate that he uses the Atlas Line or any other indicator. This may be an indication he’s only using the Trade Scalper, which is interesting, because it may appeal to you as all all-encompassing scalping trading method.

If you prefer not to have multiple chart types within one charting window, you may separate charts into tabs using the tab area on the bottom of the chart. This way, you can select among the tabs/charts as needed. If you happen to look at multiple charts on a regular basis, perhaps having multiple chart windows will be your best option. In that case, you may want special software to position these charts to maximization organization and screen space. The DayTradeToWin website discusses software that will help you do this.

Best Trading Conditions: $100+ Per Trade Possible?

Market conditions don’t always allow for $100+ per trade. The 2020 Election and whatever else impacts the markets has increased the volatility. Does that mean you should abandon rationality to make some big money? Of course not. In fact, we’ve been saying for a while now that it’s best to use a 1-Minute chart instead of a 5-Minute chart as well as continue use of the ATR (Average True Range) to determine tradeability.

The recent January Effect video shows there are many great long trades. But what about those inevitable intraday price drops? What do you do with those? As seen in this video, the Atlas Line and Trade Scalper day trading signal systems have been effective in finding winning opportunities…

The real-time trade was worth +2.25 points. That’s nine ticks at $12.50 each, thus $112.50 with one contract. That may not seem like much, but if you have multiple winning moves per day and can afford to trade multiple contracts, there may be enough profit for you with commission covered. Let that be no indication of guaranteed performance. We have to state everything is hypothetical to comply with regulations.

NinjaTrader was designed with the intention of replicating conditions as closely as possible to live trading. In fact, when sim trading, you won’t be filled every time – just like in live trading. When practicing, you may want to limit the simulator account to less than the original amount of $100,000. Maybe drop that to something more reasonable like $5,000. This way, you can use the Trade Performance tool to get a sense of how it goes with the Sim101 account over a period of time. If that works for you consistently enough, consider trading with a live account and start off slow and carefully.