Hi Guys, has anyone tried using tick charts with Aims.just curious if they're any more accurate than 1minute or not??
kooky
Tick Charts
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tick Charts
As long as the spread remains above 1 pip there will be less chances of success on lower time frames. Honestly speaking if we get .1 spread with no commission we will most certainly do a killing. On m1, 1 pip = 10% of your profit. My guess is on tick chart, 1 pip spread is going to be a huge percentage of "the wave" on a tick chart. Besides this obvious limitation there is the problem of "enough volume of ticks per second". I hope I understood what you meant by "tick chart" .kooky wrote:Hi Guys, has anyone tried using tick charts with Aims.just curious if they're any more accurate than 1minute or not??
kooky
cheers (hug)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Tick Charts
rather than tick charts for super fast trading, there is a school of thought, which I have never followed, to suggest that one can divide the time into the number of ticks rather than the number of seconds and minutes..........
I expect eventually the effect of broker execution delays on very fast trading would cause slippage too great to bear, but like Immy says, if one could trade at a low commission, on a professional account basis perhaps there might be some advantage still. By what I can see with EAs the results achieved on live accounts are never as good as on demo (Million Dollar Pips would be an example) and the traders I talk to have moved away from such strategies. I would rank binary trading as probably disappointing too for similar reasons.
I expect eventually the effect of broker execution delays on very fast trading would cause slippage too great to bear, but like Immy says, if one could trade at a low commission, on a professional account basis perhaps there might be some advantage still. By what I can see with EAs the results achieved on live accounts are never as good as on demo (Million Dollar Pips would be an example) and the traders I talk to have moved away from such strategies. I would rank binary trading as probably disappointing too for similar reasons.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."