Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
There is a huge difference between Zenfire and TT. TT bundles ticks so if 10 different trades go off, at the same price you will see 1 trade with TT and 10 with zenfire.
If you have both put up a 1 tick chart, and you will see this. With Zen fire, I get a lot of ticks at the same price before a change in price. I bet you don't see this with TT.
Which is better?? Well if you want to trade tick charts, I think you need to see all the ticks.
As I mentioned in an earlier post. I advise everyone to try this in SIM (simulation) mode with a paper-trading account before risking real $$. I feel confident that it can, with proper money management, make you profitable, but want to advise everyone who is testing it out to be a little cautious at first.
After all, it's what you learn AFTER you know it all, that counts!
I agree. Zen-Fire would be the best choice, especially if hope to scalp successfully. Maybe that's why I could never seem to scalp successfully - unless on a very small time-frame chart. I'm going to contact Mirex & see if I can get a demo account with Zen-Fire feed to test it out with my setup & see what settings work best. Thanks for all the input & help in this particular matter.
After all, it's what you learn AFTER you know it all, that counts!
Hi everyone , here are images of 1451 tick chart and 233 tick charts for july 31,2009, huge difference, there are only 3 potential trade oppertunity which i see on 1451 tick charts whereas on 233 tick charts there are around 8/10 trading oppertunities.it is not matter of more trading oppertunities, it is matter of how best the ticks scales works, specially these days market are passive so in my opinion 1451 is not a good choice.From the last 4/5 days today i lost money using 1451 ticks.it is just my observation as i am using Nt for the last 2 years, just by my experience i can say 1451 ticks are to slow to grab the latest bias, any comments?
It depends on your trading style. There is a great difference. Originally I had said 1451, but then revised that to 1151 tick, for zen-fire users. If you set yours to 1151, it looks almost exactly as my 233 tick (getting data from Interactive Brokers). My charts can be translated for Zen-Fire users by multiplying by a factor of 4.94 (233 tick (mine) x 4.94 = 1151 (zen-fire)). My chart for today, looks very nearly like your 1451 chart. There are going to be many more opportunities on a smaller time-frame chart. Originally I had designed the setup to allow us to stay in a position all day, just reversing position throughout the day when the minor trend changed. With a smaller time-frame chart, that can lead to over-trading & excessive commissions, but it does provide many more opportunities to enter / exit trades. Decide what works best for you.
After all, it's what you learn AFTER you know it all, that counts!
Hello,
I have been told by Mirus that Zen-Fire uses unfiltered tic data, which means you will receive every tic of the market. Some/most other data providers like IB do not provide unfiltered tic data, their data is filtered. Thats why you have such a big discrepancy in the charts. You can contact a broker at Mirus or Amp Futures to explain the difference to you.
Either way, even if you used the same broker and the same data feed as someone else, like Mr. Wizard for example, your charts will never match his. There is to much lost in translation between everyone's ISP's across the country or world to have the charts match up exactly. This is especially true when using tic, volume or range bar charts. Time bar charts have the best chance of matching up because most peoples computer clocks are somewhat synchronized. I have two computers running side by side in my office using the same companies data feed and the same charts from Ninja and the tic & volume will not match up exactly.
You have to learn to trade your own charts and the signals that show up on them. You can't rely on someone elses charts.
Hi THEWIZARD, I am new here and was looking for your Holy Grail but could not find your charts. Please give me a hint, where to go and how it works. Thanks
Wolfgang from Germany
