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Attachments: Scalpers Tick Chart Creator
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Scalpers Tick Chart Creator

  • Post #1
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  • First Post: Edited Aug 4, 2016 8:02am Feb 13, 2015 12:56pm | Edited Aug 4, 2016 8:02am
The Scalpers Tick Chart Creator EA that I'm sharing with you, creates charts of selected assets in which each bar/candle represents 2 consecutive ticks. I use such charts for spotting fast and large momentum moves in a market for my extreme scalping purposes. I know that there are extreme scalpers in this forum who may find this tool useful.

How to run it:
1. Download MathTrader7_ScalpersTCCreator.ex4 from the attachments and copy it into your Experts folder.
2. Enable DLL import in Options menu.
3. Refresh your MT4 platform's navigator window (or restart MT4).
4. Open a M1 chart (e.g., EURUSD, M1) and attach the EA to the chart.
5. Wait for the first tick to arrive.
6. From File menu, select Open Offline and choose EURUSD, M3 chart.
7. In order to enable trading on an offline chart, you have to uncheck the Offline chart option in the Common tab of the chart properties.

--- Update 2016-08-03 ---
Version 1.15 released. In this version two input settings added. One input controls whether the EA initially waits to sync with the open of the M1 candle, and the second input controls whether the EA must show/hide Dojis.
Attached Image (click to enlarge)
Click to Enlarge Name: non_gap_ticks_chart.png Size: 17 KB
Attached File
File Type: ex4 MathTrader7_TickChartCreatorEA.ex4   113 KB | 2,123 downloads | Uploaded Aug 4, 2016 8:01am
Trading is the hardest way to make easy money...
is there a way to set it to 33, 133, 333 tick charts? whats up with the Tick chart time frame (minutes) in the settings?????
Make it as perfect as you can....
is your ea the same as \rainwoods multi tick chart ?
Quoting philstodd
is there a way to set it to 33, 133, 333 tick charts? whats up with the Tick chart time frame (minutes) in the settings?????
In this version the number of ticks is 2, and it is fixed. The input setting "Tick Chart Time Frame (minutes)" is the user preference for the offline chart time frame on which the tick chart will be created. For example, if you set it to 4 and choose EURUSD, you will find the tick chart from offline charts under name EURUSD,M4.

What is the advantage of creating charts of, for example, 133 ticks?
Trading is the hardest way to make easy money...
Quoting dentist007
is your ea the same as \rainwoods multi tick chart ?
I don't know about "rainwoods multi tick chart".
Trading is the hardest way to make easy money...
Great job MathTrader7.
Only one question...
Could you please explain what does mean the red and the blue colour in the Tickspeed indi?
Quoting Reg-FX
Great job MathTrader7. Only one question... Could you please explain what does mean the red and the blue colour in the Tickspeed indi?
Thanks! :-)
A red bar means a bearish move while a blue bar means a bullish move in ticks...
Trading is the hardest way to make easy money...
Thank you MT7 !-)
But can you tell me a little more from it?
1) Like the bars calculated from the ticks speed. Is it mean the higher bar shows that the tick was comeing slower? so it shows the needed time for it. Or is it mean the ticks/second?
2) I checked it closer and I found that sometimes a bullish price bar has a bearish tickspeed bar. What is that mean?
Thanks again for your answers!
Quoting Reg-FX
Thank you MT7 !-) But can you tell me a little more from it? 1) Like the bars calculated from the ticks speed. Is it mean the higher bar shows that the tick was comeing slower? so it shows the needed time for it. Or is it mean the ticks/second? 2) I checked it closer and I found that sometimes a bullish price bar has a bearish tickspeed bar. What is that mean? Thanks again for your answers!
You're welcome! :-)
1) It is Log(ticks/second) actually.
2) It may be a bug in the indicator!

P.S. I'm going to release another version of Tick Chart Creator EA in which there would be no gap between close of an candle and open of the next candle.
Trading is the hardest way to make easy money...
Another good thread from Genius,

I am looking to learn how to scalp or improve exciting scalp method using your EA.
If you believe in yourself anything is possible !!
Quoting imifx
Another good thread from Genius, I am looking to learn how to scalp or improve exciting scalp method using your EA.
Thank you! :-)
I use Tick Charts for extreme scalping (1-2 pips). To be honest, I don't have any specific rules to enter a trade, I just use my feelings/judgements ;-)
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} Thank you! :-) I use Tick Charts for extreme scalping (1-2 pips). To be honest, I don't have any specific rules to enter a trade, I just use my feelings/judgements ;-)
ok, Should i use exiting EA or you gonna update them.
If you believe in yourself anything is possible !!
Quoting imifx
{quote} ok, Should i use exiting EA or you gonna update them.
You can use the current version, it works fine.
Trading is the hardest way to make easy money...
Quoting MathTrader7
{quote} You can use the current version, it works fine.
Thanks
If you believe in yourself anything is possible !!
hi mathtrader

Very interesting, should try directly
Hi math,

I'm in trouble for attach the Tickspeed indicator on my chart (Offline, M3...). Any idea why ?
In the MT4 journal i see that the indicator is removed just after i attach it to the chart.
Quoting Jb38
Hi math, I'm in trouble for attach the Tickspeed indicator on my chart (Offline, M3...). Any idea why ? In the MT4 journal i see that the indicator is removed just after i attach it to the chart.
Can you take a screenshot of your MT4 Terminal's Experts tab?
Trading is the hardest way to make easy money...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture Mathtrader tickspeed.PNG Size: 75 KB
  • Post #19
  • Quote
  • Edited at 8:37am May 11, 2015 8:14am | Edited at 8:37am
Quoting Jb38
{image}
TickSpeed or Speedometer Indicator?
Trading is the hardest way to make easy money...
Ahah me too. I don't know why he is removed each time i load it on the chart...
I'll try on another MT4

Thanks
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