Tick Chart Traders

heey m8. Can you discuss that tick chart indi?

Cheers

Good idea for a thread!

I am not trading sub-M1 just now, but I used to and I had been decently profitable in it. For charting I had been using Dukascopy's JForex -- gorgeous charts, you wont find anything near as great on Metatrader. Recently I have been considering it again.

For short term scalps, when you reevaluate spreads, commissions, slippage and losing trades, the pips/trade isn't all that much, it ends up being a pip or two. I found that employing sub-M1 charts I could improve my entries and exits by about half a pip normally, which makes a significant difference at the main point in the end of the day.

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Originally Posted by ;

heey m8. Can you discuss that tick chart indi? Cheers

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hey alien, its a paid tick indior..you can find it simple with a google search or you can find it here too https://www.forexforum.co.za/general...-question.html

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Originally Posted by ;

Great idea for a thread! I'm not trading sub-M1 just now, but I used to and that I was decently profitable in it. For charting I was using Dukascopy's JForex -- gorgeous charts, you won't find anything near as great on Metatrader. Recently I have been contemplating it. For short term scalps, if you subtract spreads, commissions, slippage and losing trades, the pips/trade is not all that way, it ends up being a pip or two. I found that using sub-M1 charts I could improve my entries and exits by around half a pip on average, which creates a considerable...

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nice could u talk a bit about egies? Im curious about the various ones with tick trading.

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quote fine could u talk a bit about egies? Im interested in ones .

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Well, when scalping, I am really just interested in holding a position open so long as price keeps moving in my way. The instant it shows signs that its going to retrace, I am out. in the profit quick, since experience has taught that in the event that you try to wait out any period of money, that winning commerce quickly turns into a losing trade. So I will use 10 second bars or whatever sub-M1 bars are working well that day, and draw a trend line as soon as a trend becomes discernible. The minute that price breaks through that trend line, that I take profit.

On M1 charts its hard to pick out where the areas of congestion are, and difficult to see when a retrace begins. On sub-M1 charts its laid out and very plain to see.

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quote hello alien, its a paid tick indior..you can find it simple with a google search or you can find it here too https://www.forexforum.co.za/trading...s-15-mins.html

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I have been thinking of buying the Rainwood indior. When you are a professional carpenter you buy an excellent hammer, you don't quibble over the price and maintain pounding nails in with a stone.

Would you write a small review -- what you enjoy, what you don't like, etc?

Can you use range bars in .1 pip Is that the same?

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quote I've been thinking of buying the Rainwood indior. Whenever you're a professional carpenter you buy a quality hammer, you don't quibble over the price and maintain pounding nails in with a stone. Can you write a bit of a review -- everything you enjoy, what you don't like, etc?

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I strongly suggest it..its the most effective available. . I see no flaws in it..and its cheap in my opinion.

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Originally Posted by ;

quote I highly suggest it..its the best available. . I see no flaws in it..and its cheap in my opinion.

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Thanks. I've completed a lot of my own coding in years past and have a small number of free tick chart indiors previously, but my favorite one has ceased working because of a change that MetaQuotes made.

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Can you utilize range bars in .1 pip Is that the same?

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Never tried it. In case you have range bars setup why not try it and post some screen shots of how it seems?

It probably won't look the same as time-based bars or equivolume bars, but who knows you may find it has its benefits.