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"Enter at Trade on Open Bar" or " Tick Data"

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Kelvin Chen
149
Kelvin Chen  


Hello,

 

When developing a EA,  is it better to use "Enter at Trade on Open Bar" or " Tick Data"

 

i understand both are using different ways to trade while even the S/L, P/T and indicators can be all same.

 

 

Anyone can enlighten me on this ?

 

Thanks !! 


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Rodrigo Malacarne
Moderator
10004
Rodrigo Malacarne  
Kelvin8k:

Hello,

When developing a EA,  is it better to use "Enter at Trade on Open Bar" or " Tick Data"

i understand both are using different ways to trade while even the S/L, P/T and indicators can be all same.

Anyone can enlighten me on this ?

Thanks !! 

Hi Kelvin, it depends on your strategy ...

If it's a scalping strategy it's better to trade based on every tick. However, if you're talking about swing trading or even some low-frequency day-trading strategies, than it's a good to trade on a "new bar" basis.

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