Download MetaTrader 5
To add comments, please log in or register
Do you have idle PCs? Connect them to MQL5 Cloud Network and earn money!
Kelvin Chen
149
Kelvin Chen 2014.07.07 16:17 


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 !! 


Place Trade Once Per Bar on Forex MetaTrader MT4 Expert Advisor
  • Forex Razor
  • www.forexrazor.com
Trading once per bar … means that the results in the Strategy Tester will be more accurate and relevant. Forex Razor Social Trading and Training Network.
Rodrigo Malacarne
Moderator
9889
Rodrigo Malacarne 2014.07.07 18:22  
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.

/
To add comments, please log in or register