Hello,
can anyone explain what is tick volume properly?
does the volume indicator in mt4 show tick volume? if so how to adjust it?
Best place on the web to learn that IMO is right here
http://forums.babypips.com/newbie-island/41475-supply-demand-vsa-wyckoff-petefader.html
Tick volume in metatrader is the number of ticks you SHOULD receive from your broker on a specific bar.
Or the number of price changes you SHOULD have received.
I say SHOULD, because most brokers do not send you every change in price. Which should be a BIG consideration when choosing a broker.
I get what you are saying and agree with you but how do you know its was your broker and not the quotes they were given. In other words how do you know they are not sending you every change in price.
You dont notice so much that you are not receiving every tick if you are trading manually. If you are running EA’s it is a big problem. You dont get true signals and you lose profits.
[B]The ticks are averaged. [/B]
It is a back-end metatrader trick so i am told… Your broker does not give you the higher and lower ticks.
The higher and lower ticks make a big difference.
[B]It can be more important then your broker’s spread[/B]
Run this indicator. You should get pretty much 100%. If you are getting 70% or 80% or worse your broker is not sending you every tick.
The odds are it is not your internet connection speed or other factor. To check just run the indicator on a different brokers platform to check.
Pepperstone usually give 100% That is why people get better results with them using ea’s. Pepperstone are quite an expensive broker to trade with, but are more profitable.
http://forums.babypips.com/expert-advisors-automated-trading/44093-vps-2.html#post363461
Interesting I know not all brokers feeds are equal guess I never really looked into it that much
I saved the code as mq4 file but couldn’t attach it to the chart to run it? how do you suppose I should run it to check the broker?
@bobmaninc I mean to ask doing the vsa with the default volume indicator in the mt4 is okay or not? I searched around the net and people are saying about other softwares to see tick volume properly so that volume analysis is more good or something like that.
what are the differences?
Ok, I’m not sure about what Goldylox says, the accuracy of the EA may well depend on the variation between the bars, I don’t know, I would have to see a lot of proof before I could accept it for what it seems to be, but hey, that’s from a skeptic, and if I can’t see a spade as a spade then I won’t accept it’s a spade.
What I do know though is that with any given broker comparison, the volume peaks and troughs will be in the same place, and most bars will be higher and lower respectively with few exceptions. BUT the main thing you need to understand is applying VSA in Forex, it is not the same as applying VSA to stocks which is what it was originally designed for, and for Forex VSA your best bet is petefader’s thread like bobmanic said, he has a specific strategy he uses, it has it’s strengths and weaknesses, and I shan’t knock it, but for me I prefer a more with trend strategy and simpler.
But what I’m saying mainly is if you want to get into VSA don’t get bogged down in the Volume indicator, get on with the strategy the tick Volume issue will fall into place as you go along.
You might find this article interesting - http://www.purplepatchforex.co.uk/FxTraderVolumeArticle.pdf
open the editor.
click on file - new - custom indicator
Save it as an indicator in experts - indicators.
delete the code & copy paste the new code.
Compile it.
It will be in metatrader under - custom indicators.
You are right to be skeptical. In fact you should ask your broker why you are not receiving all the ticks. I have heard a few BS reasons… connection speed… servers overloaded… Our data feeds are different to other brokers… This does not explain why they ticks on some brokers are averaged. (not the highs and lows or other brokers).
Someone told me this a few years back about the tick averaging. It is very hard to see it. Put 2 charts side by side they will look the same.
You can see the effect of it if you run the same EA with different brokers. Similar spreads, etc. But some brokers will give more trades then others. In fact some brokers with higher spreads will give more signals. Also the trades will close differently. If you are only getting half the ticks Ea’s will be running at half the speed as they only execute the code on each tick.
Even if what i am saying is complete garbage. You will still make more money with certain brokers. Even though they have higher commissions, etc.
Ha, LOL, yes, there are two kind of proofs, proof proof, and evidence based proof, so if there is enough evidence it is accepted as proof, it don’t matter if the theory is completely wrong if the results speak for themselves.
But an EA trading based on ticks I can’t get my head around that, unless it’s for very short term scalping?
The ea based on tick part is not really that important. Just that the ea only executes the code when it receives a tick. Not x number of times per second.
So less ticks, less execution of the ea.
I have never seen Lizard People before either. But I know they exist based on evidence I see and hear 