There are a variety of systematic trading methods used by successful traders that can be categorized by the type of strategy or by the length of the trade or time period invested. A common style of trading denoted by its short-term exposure to the markets is referred to as day trading. Typically, a systematic day trader will take a position on the basis of certain signals generated by his or her trading model, and will take profit or recognize a loss within the same trading day (i.e., no overnight or long-term exposure). A day trader will try to time the markets based on trend identification or upon perceived buying or selling opportunities, such as a target break-through in price, changes within momentum indicators or points of price retracement. Regardless of the method, a necessary part of trend identification is the use of intraday charts.

MIMIC allows you to create intraday charts. To create an intraday chart, you must change the time units for the series and the execution units or the frequency of display in the Configuration window.