The indicator for MT4 introduced this time collects tick data and saves it as text data. It is the only function of this indicator, but its effectiveness is very high. Depending on how you use it, it may help greatly in reducing trading costs.
How to use
Tick data can be used for various things. For example, you might want to analyze tick data to see how intense the market is. If a lot of quotes come in a short period of time, it is proof that trading is active. Perhaps the volume of trading tends to increase depending on the time of day. It is also worth checking the price behavior like this at the time of news announcements.
It is also a good idea to collect tick data from various Forex brokers and compare them. By comparing the tick data, you can also see that the tick data differ considerably depending on the Forex company.
This indicator also saves volume information. Looking at the volume information may give rise to some trading ideas.
Click the button below to download the "TickCollector" indicator for free
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Forex Education - Psychology:
Forex Education - Others:
Forex Interbank Trading: