Dukascopy Support Board
http://www.dukascopy.com/swiss/english/forex/jforex/forum/

Ticks chart strategy
http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=146&t=55908		 Page 1 of 1
Author:  foreignexchange [ Fri 08 Dec, 2017, 22:42 ]
Post subject:  Ticks chart strategy
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 260 times
Chart_DEU.IDX_EUR_200_ ticks_based.png [18 KiB]
Downloaded 273 times
Author:  foreignexchange [ Fri 23 Feb, 2018, 14:59 ]
Post subject:  Re: Ticks chart strategy
any advice?
Author:  FXRabbit [ Fri 23 Feb, 2018, 23:37 ]
Post subject:  Re: Ticks chart strategy
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.
Author:  amine_chourou [ Wed 14 Mar, 2018, 13:18 ]
Post subject:  Re: Ticks chart strategy
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 445 times
  Page 1 of 1