Id like to encourage tick chart traders to socialize within this thread.
My illuion below 1min chart on the top and 30 tick below with moving average as an indior.
Id like to encourage tick chart traders to socialize within this thread.
My illuion below 1min chart on the top and 30 tick below with moving average as an indior.
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.
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.htmlOriginally Posted by ;
nice could u talk a bit about egies? Im curious about the various ones with tick trading.Originally Posted by ;
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.Originally Posted by ;
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.
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.Originally Posted by ;
Would you write a small review -- what you enjoy, what you don't like, etc?
I strongly suggest it..its the most effective available. . I see no flaws in it..and its cheap in my opinion.Originally Posted by ;
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.Originally Posted by ;
Never tried it. In case you have range bars setup why not try it and post some screen shots of how it seems?Originally Posted by ;
It probably won't look the same as time-based bars or equivolume bars, but who knows you may find it has its benefits.