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Scalpers Tick Chart Creator

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  • 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
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
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...
  • Post #2
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  • Feb 24, 2015 5:05pm Feb 24, 2015 5:05pm
  •  philstodd
  • Joined Feb 2015 | Status: Member | 281 Posts
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....
 
 
  • Post #3
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  • Feb 26, 2015 5:22am Feb 26, 2015 5:22am
  •  dentist007
  • | Joined Feb 2005 | Status: Member | 34 Posts | Online Now
is your ea the same as \rainwoods multi tick chart ?
 
 
  • Post #4
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  • Feb 26, 2015 5:29am Feb 26, 2015 5:29am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting philstodd
Disliked
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?????
Ignored
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...
 
 
  • Post #5
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  • Feb 26, 2015 5:31am Feb 26, 2015 5:31am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting dentist007
Disliked
is your ea the same as \rainwoods multi tick chart ?
Ignored
I don't know about "rainwoods multi tick chart".
Trading is the hardest way to make easy money...
 
 
  • Post #6
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  • Apr 22, 2015 12:03pm Apr 22, 2015 12:03pm
  •  Reg-FX
  • | Joined Sep 2012 | Status: Junior Member | 2 Posts
Great job MathTrader7.
Only one question...
Could you please explain what does mean the red and the blue colour in the Tickspeed indi?
 
 
  • Post #7
  • Quote
  • Apr 22, 2015 12:30pm Apr 22, 2015 12:30pm
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting Reg-FX
Disliked
Great job MathTrader7. Only one question... Could you please explain what does mean the red and the blue colour in the Tickspeed indi?
Ignored
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...
 
 
  • Post #8
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  • Apr 24, 2015 4:03am Apr 24, 2015 4:03am
  •  Reg-FX
  • | Joined Sep 2012 | Status: Junior Member | 2 Posts
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!
 
 
  • Post #9
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  • Apr 24, 2015 6:29am Apr 24, 2015 6:29am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting Reg-FX
Disliked
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!
Ignored
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...
 
 
  • Post #10
  • Quote
  • Apr 29, 2015 7:42am Apr 29, 2015 7:42am
  •  imifx
  • | Joined Jan 2014 | Status: Member | 482 Posts
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 !!
 
 
  • Post #11
  • Quote
  • Apr 29, 2015 7:54am Apr 29, 2015 7:54am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting imifx
Disliked
Another good thread from Genius, I am looking to learn how to scalp or improve exciting scalp method using your EA.
Ignored
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...
 
 
  • Post #12
  • Quote
  • Apr 29, 2015 8:01am Apr 29, 2015 8:01am
  •  imifx
  • | Joined Jan 2014 | Status: Member | 482 Posts
Quoting MathTrader7
Disliked
{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 ;-)
Ignored
ok, Should i use exiting EA or you gonna update them.
If you believe in yourself anything is possible !!
 
 
  • Post #13
  • Quote
  • Apr 29, 2015 8:04am Apr 29, 2015 8:04am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting imifx
Disliked
{quote} ok, Should i use exiting EA or you gonna update them.
Ignored
You can use the current version, it works fine.
Trading is the hardest way to make easy money...
 
 
  • Post #14
  • Quote
  • Apr 29, 2015 8:11am Apr 29, 2015 8:11am
  •  imifx
  • | Joined Jan 2014 | Status: Member | 482 Posts
Quoting MathTrader7
Disliked
{quote} You can use the current version, it works fine.
Ignored
Thanks
If you believe in yourself anything is possible !!
 
 
  • Post #15
  • Quote
  • Apr 29, 2015 6:01pm Apr 29, 2015 6:01pm
  •  dimdel
  • Joined Oct 2012 | Status: Member | 2,503 Posts
hi mathtrader

Very interesting, should try directly
 
 
  • Post #16
  • Quote
  • May 11, 2015 7:51am May 11, 2015 7:51am
  •  Jb38
  • | Joined Jun 2014 | Status: Member | 66 Posts
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.
 
 
  • Post #17
  • Quote
  • May 11, 2015 7:56am May 11, 2015 7:56am
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting Jb38
Disliked
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.
Ignored
Can you take a screenshot of your MT4 Terminal's Experts tab?
Trading is the hardest way to make easy money...
 
 
  • Post #18
  • Quote
  • May 11, 2015 8:06am May 11, 2015 8:06am
  •  Jb38
  • | Joined Jun 2014 | Status: Member | 66 Posts
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
  •  MathTrader7
  • Joined Aug 2014 | Status: Trading | 2,143 Posts
Quoting Jb38
Disliked
{image}
Ignored
TickSpeed or Speedometer Indicator?
Trading is the hardest way to make easy money...
 
 
  • Post #20
  • Quote
  • May 11, 2015 8:52am May 11, 2015 8:52am
  •  Jb38
  • | Joined Jun 2014 | Status: Member | 66 Posts
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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