MetaTrader Volume Number?

Can someone please tell me what units this number is in? For instance, if it says "10" what does this tell me? Is this 10 standard lots traded for that bar period or something else?

I am doing alot of trading on a 1 minute charts on a low volume pair with numbers consisting of "3" and "4" per 1 minute bar usually on my current demo account. I am trying to figure out if this method would work on a live account due to the low volume numbers. Not knowing the units I can't figure it out!

Thanks all!

- Jacob

No, Metatrader volume has nothing related to the actual volume (lots, contracts). Volume in MT is total up and down ticks for the bar if I remember correctly.

So, is there any way for me to get data about real trading volume for a pair?

Thanks!

Unfortunately the unregulated nature of the spot fx means that real volume data, i.e. like in stocks is not available. The best you will do is get volume from your particular broker, so a bigger broker will give you a little bit of a better idea, but really fx volume is not reliable and not something I would trade off.

Amen.

Dane

Correct - vol represents number of ticks in the current chart period.- useful indication of potential reversals.....