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Guest jaet1989
Posted

Re: Tick charts or minute charts?

 

minute is ore reliable as with any longer timeframe

Posted

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.

Posted

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...

The market does not beat them.They beat themselves
  • 3 weeks later...
Posted

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 :-? ).

When mind lingers in one place efficiency is lost
Posted

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.

  • 4 weeks later...
  • 4 weeks later...
  • 1 year later...
Posted
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.

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