Another simple trading idea (cTrader! only sadly...)

This is very simple, but rewarding...

Hello my friends. I was thinking about trading again, I wanted to post something very easy to trade, for small accounts specially. Or for those who wish to try doubling the account OR wanna go PROP FIRM trading... We all know these.

 

1. I'll use my old "blue indicator" which can be found in my first thread.
2. We will need to use tick charts! Sadly MT4 does NOT have tick charts, so...
3. Thats all.

Check this first chart. Let's say we will simply mark lower & higher points on my indicator.

How would you trade this? Well let's say we will use 5m chart.


That's disgusting... It can't be done on 5m chart. What about 1m?


It's much better. Yes... But still... Screw it, let's go for 50 tick chart.


This is much better. You will see those moves "inside" even 1m timeframe. I know it can be used on m1, I simply say this is better. Your stoploss could be lower than 5 pips. For smaller account that YOU want to double, lovely thing.

Now! GBP/USD H1 chart with small zone. It works most of the time. If not... Well you would take 5 pips stoploss. Oh is it too much? Well yeah, go and use SL 15 pips and TP 25... Or 1:1? SL & TP 15 & 15? Annoying, right? How would this look on tick chart?


Before doing that... You might want to ask me, if buy was possible, before price broke it down. Yes it was... Here..

About the sell... First one was here.



Everyone got this? If you get what I mean, You will completely crush prop firms....

Thanks SilentFather for this thread.
Do you use on all timeframes the same parameters (20,7,2)?
Or is it an other on your tick chart?

Actually settings doesn't matter. But yes, I have same settings all the time. Tick charts for entries should be 50 ticks or even less. Of course 1 tick or so is kinda weird. I recommend 30-50ticks.

Thing is you will use hourly chart for any support / resistance and you will entry on tick chart. You can maintain lower stoploss like that. Exactly what we need.

If you have any more questions then ask me. :o)

You can also guys show screenshots and ask me anything.

We also can combine houry and 1min (instead of tick-chart) on mt4? What's your experience?

This is 1m vs 50 tick chart


On lower tick chart (let's say 20t) difference is much bigger. See?

Now tell me what is better to lower drawdown (or stoploss if you wish)

Another example on m1..

Now tick chart


See the difference guys? It's much better on tick chart. Secret is to trade tick chart like you would trade H1. But you will take only resistance or support from H1.

Thanks. Yes, I see the difference. But this assumes that you have little spreads.

Correct. To be honest I rather pay comission than trade with 2-3 pips spread. Nah.. I have mostly 0.0 spread or 0.2-0.5 pips. That's very good. Also remember you can have registered account with some kind of site that will give you some comission back. Not needed, but some money will be paid back to you. :o)

Hi, why i have other distance than to price, than you.

Hello try 20, 4.9, 2. Have fun with it. Any settings will provide good signals for trading. If used with tick charts.

Next this is bad. How should i use the tick chart if the overall h1 picture is wrong.

Hello, what do you mean exactly?

how do i define the zones as i have wrong view from the indicator.I guess it's normal for her to want a proper view of my work. Maybe i have wrong indicator? I download ,,price bands''

Can you show picture please?

sure

Should be good. Start with lower and upper points of the indicator. And then look at small Tick chart.

ehh bro, you check it your chart eurusd. this is different

I don't really see what is exactly wrong? You have usable points on chart my friend.

https://www.forexfactory.com/attachm...l?d=1677845778


really you dont see ?