Tick charts or minute charts?

[eqqismar]

Each has advantages and disadvantages, depending on trader’s personal trading style, execution speed and maybe risk tolerance. Which is better in your opinion?

[Guest jaet1989]

Re: Tick charts or minute charts?

 

minute is ore reliable as with any longer timeframe

[arcian]

Re: Tick charts or minute charts?

 

have you a system for 1 min scalp

[polaris]

Re: Tick charts or minute charts?

 

minute is ore reliable as with any longer timeframe

 

Well, I don't think that eqqismar necessarily meant a 1-tick chart, but tick charts in general, as 89, 233 or whatever ticks. So I wouldn't subscribe that statement that a minute chart is more reliable.

 

Sometimes trends are easier spotted in tick charts. Furthermore indicators often work a lot better in charts that are not time based. Also have a look at range and renko bars!

But as you said, it all depends on personal preference. In my opinion there is no better or worse.

[mtaufik]

Re: Tick charts or minute charts?

 

Ticks form minutes, hours, weeks and months, so ticks is the real market and minutes, hours, weeks and months are in the past...

[manganate]

Re: Tick charts or minute charts?

 

Tick data is only useful in a real-time environment. It is less than useless in back testing because it moves dramatically up and down within the M1 time frame.

Different brokers will have different tick data, so different things can happen within a M1 time frame, depending on the broker.

That is why it can be difficult to compare broker against broker.

Complete M1 data will only show the OHLC, which should be common to all brokers for that currency (unless it has been manipulated :-? ).

[Newbie123]

Re: Tick charts or minute charts?

 

In my opinion, they are good for scalping but the FX brokers make it very hard with the big spread :(

[pvyas]

Re: Tick charts or minute charts?

 

I agree with the fact they are good for scalping, and there is alot of broker manipulation.

[mrchocolateyogo]

Re: Tick charts or minute charts?

 

I also find it difficult to scalp with a large spread :-(

[xbx]

Re: Tick charts or minute charts?

 

with ninja trader platform tik chart is best TF to scalp ! \m/

[terchin]

Re: Tick charts or minute charts?

 

ususally used for scalping.. though it can be profitable but its usually a lot of hard work...

[jinhar]

Re: Tick charts or minute charts?

 

if you are scalping ticks are way better but if you are swing trading or trading for anything greater then 10-15 mins a move minute charts are much better.

[traderethan]

Re: Tick charts or minute charts?

 

In my opinion, they are good for scalping but the FX brokers make it very hard with the big spread :(

I do agree with you. For scapling, tick chart is very important

[nkp9999]

Re: Tick charts or minute charts?

 

Has anyone used Tick charts on MetaTrader? If so, how?

 

Thanks.

[mandreke]

Re: Tick charts or minute charts?

 

I am using minute charts.

[xtclove]

Re: Tick charts or minute charts?

 

I love using tick on NT :D way better for scalping compared to meta

[LuckyLuke2011]

The best it to get good tick data and make your own tick charts for MT4. problem with FX is that every intermediary have their own price and there is really no one 'correct price' all just depends on what ladder of the feed you are.

[LuckyLuke2011]

I agree, NT is better than MT4 in many ways. But one can also use any custom tick charts on MT4 just need the correct tools!