Ticks vs Contracts (opacity 50%)
Gold, Nov 26, UTC+2, m1
Gold, Nov 26, UTC+2, m1
4
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DislikedTicks vs Contracts (opacity 50%) Gold, Nov 26, UTC+2, m1{image}{image}Ignored
Disliked{quote} Hi Steve You are quite correct that tick volume in my opinion is just a "activity metric" of tick activity, not volume which is of course executed market orders.. An extreme one minute candle at a reversal point can produce volume levels 30 to 50 times above average on just one candle. You won't see that much of a difference on a tick volume indicator between candles, its god dam fraud. Its the basic question really, why don't the brokers show us real volume levels when they can. Of course they don't want to give us any useful tool that...Ignored
Disliked{quote} @W0lfram -- very interesting, thanks... Unless I'm reading it wrong, it looks to me like they match up pretty closely...Ignored
Disliked{quote} Yeah, different values but overall 'shape' almost the same. But at some points, the values do not differ much. Unfortunately I can't export time-series for correlation analysisIgnored
Disliked{quote} @RickM -- I'm questioning your comment about brokers being scammers because they don't show us real FX volume levels. Brokers who support MT4 don't have a choice what data they can show us -- they license the MT4 trading platform from MetaQuotes and their data from some liquidity provider (I presume). If MT4 doesn't provide a way to stream real FX volume data to end-users of the trading platform then MetaQuotes shares the blame. To be honest, I'm not really sure how all this works under the covers, but limitations of the trading platform...Ignored
DislikedAfter much study of the Forex market, and the implementation of various strategies and indicators, I have come to the conclusion that most of what I have learned, and most of what is being taught, is unreliable. Moving average crosses, supply and demand zones, volume profile, tick volume, MACD, RSI, channel trading, Bollinger bands, sentiment trading, psychological levels, most candlestick patterns, etc..., all seem to be unreliable when it comes to having a substantial win rate resulting in good profits by the end of the year. The people marketing...Ignored
DislikedTicks vs Contracts (opacity 50%) Gold, Nov 26, UTC+2, m1{image}{image}Ignored
Disliked{quote} Unfortunately this comparison make no sense. Market is when buyer meets seller. There must be some data where trader can see how many order was bought, how many was sold. With current broker! Not somewhere else. Because If I sold here, who the heck bought it? Guy from another broker? How? There are no such an integration between brokers.Ignored
Disliked{quote} Liquidity providers use computers to handle small retail trader positions. Brokers are just intermediaries. Brokers may provide direct access to liquidity provider or larger brokers may act as liquidity providers themselves.Ignored
Disliked{quote} If I understood correctly then what you are talking about is edge from the signal alone. Guessing that you suggest use of equal TP/SL in order to measure win ratio and thus edge. Is that the reason you refer to 50% win rate as minimum so much? Signal alone is just a pointer with probability which indicates that certain market behavior could happen. If the trader studies market behavior after the signal(pointer) then he could be able to define expected behavior after it. Introducing SL and TP would allow to measure if signal is providing...Ignored
Disliked{quote} So comparison of the 'real' volume per bar from CME and the same bar data from CME processed as ticks make no sense. Got it. Thanks.Ignored
Disliked{quote} Don't know what you all are trying to compare. This is Friday's Gold. {image} This is EU {image}Ignored
Disliked{quote} Don't know what you all are trying to compare. This is Friday's Gold. {image} This is EU {image} This is GU {image} The purpose to use volume/delta is to take trades. It is impossible to take trades using tick volume data because it if not a traded volume data. It is "curve the edge" synthetic bullshit to draw candles that must look like real.Ignored
Disliked{quote} I have provided screenshots from EU and GU. They are the same. Please check.Ignored
Disliked{quote} Hi Steve You are quite correct that tick volume in my opinion is just a "activity metric" of tick activity, not volume which is of course executed market orders.. An extreme one minute candle at a reversal point can produce volume levels 30 to 50 times above average on just one candle. You won't see that much of a difference on a tick volume indicator between candles, its god dam fraud. Its the basic question really, why don't the brokers show us real volume levels when they can. Of course they don't want to give us any useful tool that...Ignored