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Originally Posted by gazuz
Im starting to read the pdf file...
one thing I do not understandhowever, whatever the interval is, the tick data is alwasy going to be the same. Do they mean they test it on candle data? I mean one tick on M1 and one tick on H1 is exactly the same, just the candle will be bigger....
Maybe I'm missing something they did not explain well either, but do they say its going to go up EVERY SINGLE TIME until the 20 pips are reached or is it compared the candle's Open High Low or Close
I think it is lacking of explanation
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From what I get from it, they place entry orders at the close of the candle.
I hope that helps. Tick data is used to exactly know what happened in the market, if you candle data, it dose introduce some error, depending on how you use it.
Steven