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Ticks chart strategy
 Post subject: Ticks chart strategy Post rating: 0   New post Posted: Fri 08 Dec, 2017, 22:42 
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Joined: Fri 19 Sep, 2014, 12:05
Posts: 61
Location: Italy, montopoli di sabina
Hi, would like to try if is it profitable in EUR/USD (or USA 500) a strategy price based with 600 ticks for a candle.
The strategy should have a buy limit entry IF

- The candle have a bullish crossing of the R1 Pivot Point.

OR

- After a bullish hammer.

The entry price is on a retest of the SMA 9 or at the R1 level price (buy limit at these prices).
The TP is the next R2 level

Do not know how to built a SMA 9 based on ticks candle.
Do not know how to relate the Pivot Point (candle flow) to the ticks (ticks flow)

Also another two question are

- Tick charts are similar to volume charts but instead of using a volume base, it uses a tick base. One tick refers to a transaction, regardless of the transacted volume.
So why in setting-preferences-price based chart DAX if you choose 200 ticks for candle the volume of all the candles are 2.

- Why if you open a no CFD chart in another broker (Dax for example and utilize the ticks based chart) you can see that volume can change and not be equal to 2 ? and why are them different from dukascopy CFD DAX chart ?


Attachments:
Tick_CNDL.vfs [30.08 KiB]
Downloaded 163 times
Chart_DEU.IDX_EUR_200_ ticks_based.png [18 KiB]
Downloaded 177 times
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 Post subject: Re: Ticks chart strategy Post rating: 0   New post Posted: Fri 23 Feb, 2018, 14:59 
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Joined: Fri 19 Sep, 2014, 12:05
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Location: Italy, montopoli di sabina
any advice?


 
 Post subject: Re: Ticks chart strategy Post rating: 0   New post Posted: Fri 23 Feb, 2018, 23:37 
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Location: CanadaCanada
Greetings Foreignexchange,

I looked at your .VFS file and all it was basically blocks for simple tick counter. You still have got to do a lot more to add to your strategy.

foreignexchange wrote:
Do not know how to built a SMA 9 based on ticks candle.

Ticks makes lines and not a candle. You will have to continue to use your counter in order to create your SMA logic based on ticks only! Otherwise I suggest that you follow the ten seconds DefaultPeriod through the OnCandle StartPoint to use the SMA default indicator from the Repositorium.

Looking forward to seeing your updated version of .VFS file.


 
 Post subject: Re: Ticks chart strategy Post rating: 0   New post Posted: Wed 14 Mar, 2018, 13:18 
Visual JForex expert at Dukascopy
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Joined: Thu 18 Apr, 2013, 09:26
Posts: 1496
Location: Switzerland, Geneva
Hi there,

I'll try to answer your questions from a technical aspect:
- Building 600 tick bars is something that can be done but in particular way: You won't be able to call previous tick bars as you'll need to implement tick counter within your strategy itself so your tick bars calculation starts at the moment when the strategy is launched. You can easily set up a trigger time to make your strategy aligned with the market tick bar calculation so that you'll get the same OHLC. There is a method in the user guide available from the platform.
- Once the above done, any built-in indicator to be used must have a candle period. If you plug an indicator with let's say 10 sec period to onTick method you'll get the value of your indicator 10 sec based BUT the same value is retrieved every tick. in other words it's refreshed every tick with the same output till a new 10 sec candle starts. So indicators tick based must be recalculated as well considering the output of the above explained tick bars.
-
Quote:
So why in setting-preferences-price based chart DAX if you choose 200 ticks for candle the volume of all the candles are 2.

I don't your question, when you set up 600 tickbars, there are plenty of candles and their volume varies as well (please activate OHLC widget in JForex and check the traded volume):
- We work with more than 20 liquidity providers including major banks that stream their market data feed and we broadcast this to display best prices. Differences can be noticed if you compare with other banks or brokers for a given instrument but the overall instrument trend should remain the same.


Image


Attachments:
Chart_DEU.IDX_EUR_7 Days_snapshot.png [7.38 KiB]
Downloaded 267 times
DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 

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