What is Volumes in Metatrader

I don’t trade crypto

Back to the OP question re MT4 & volume.

That indicator measures the qty of price changes within a specific time frame - tick volume

No contracts, lot sizes, amount of monies transacted - nothing except - volume of ticks.

If price moves within a scale of 1 to 10 - it hops directly 1,2,3,4,5,6,7,8,9,10 - within 5 mins - then tick vol is 10

If it hops 1,3,2,3,4,3,2,1,2,4 - tick is 10

If 1,5,7,8,10,9,10,9,10 9 - vol 10

No contract vol available in spot fx - tick volume can be used in analysis - much like candles.

Hi ProfesorPips,

I think that’s because each broker is reporting on transactions specific to their platforms, as you have pointed out previously. Taking into context that 90% of those transactions will run a loss, can we then not extrapolate or use that information in trading, as it is a reflection [not an exact one though] of the market in general, based on overall win/loss stats?

Hi, @peterma answered your question, me as well. Regards Greg

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