Trading using 110 Tick and 440 tick charts

I wanted to know if any traders are using 110 tick, 440 tick charts to trade. I need to know how the trade based on 110 tick, 440 tick charts shall be managed based on higher time frame.

To add to my origional post i have started trading recently about 3 weeks back before moving to tick charts i used to trade on 15 min and 1 hour chart. However i got stopped out and lost trades. Since then i have switched to 110 tick and 440 tick and managed 27 consecutive wins. Good number however one issue my profits were small. I use MACD BB indicator with large and small triggers to get in trades. I need to maximize my profits perhaps 8-12 pips per trade.

Current Strategy:

1. Check if small triggers are closing in upward direction on 110 chart(buy signal)
2. Check if macdbb breaks out of BB in upward direction on 110 chart(buy signal)
3. For further confirmation if 440 tick chart breaks out of BB in upward direction its a confirm trade(buy) dont even need a stop loss for most of time becz out of my 27 trades i was in market only for average of 2 mins
4. Viceversa for selling

Are you using MT4 or other platforms?

using NinjaTraders

There is indeed a way to improve on your trade by using multi time frame analysis. you could try session-based prime number time frames with fibonacci filters for the macdbb entries.
I was hoping we can work together on this and hopefully come up with a useful system for both of us.
Cheers.

Hi Ajanjua, Kindly share your ninja indicators.
Thanks in advance.

Here is a tick charts indicator together with some hypothesis for tick charts trading.

My question is if the support and resistance formed by tick charts are the same thing as the support and resistance formed by normal charts.

My possible answer is not necessarily.

I don't trade on tick charts simply because many forex trading platforms don't support tick chart. For OTC instrument, trade volume is not ascertain and that may explains why tick charts are not normally support on forex trading platform. Please note that my comments are based on my academic understanding only.

Tick charts (depending on number of ticks per bar and volume of the instrument traded) tends to be more 'leading' than time-based chart in terms of highlighting the price action volume momentum. If the number of ticks per bar is set low and the volume of the instrument traded is high, then you would be witnessing the volatility akin to a lower time frame chart. Vice versa. Since tick chart tends to be more 'leading', it pays to also refer to the higher time frame for consistency and confirmation. For example, you may only want to choose an entry signal in tick chart that is consistent to the higher time frame trend if you are trend following. You probably get a much earlier trade entry from the tick chart and you want to be sure it is not a false 'break'.

I don't know whether the above answers your question.

Slightly complicated to explain. But I will try.

For exchange-regulated instrument, the lowest support price and the highest resistance price formed by tick charts _will_ be the same as the lowest support price and highest resistance price formed by a normal time-based chart for a fixed period under consideration. All the apparent support and resistence levels in between the lowest support and highest resistance may differ. It will differs between 2 tick charts with different tick setting.

For OTC instrument such as forex, it may not appear the same because there are 'discrepency' in price for reasons such as broker's spreads and business model. Tick charts with same tick settings may even appear differently among different brokers because forex transaction volume is not ascertained.

hmm got me thinking for awhile