However tick volume — which simply measures the volume of ticks during a certain amount of time — has been shown to be proportional to true volume in systems where this data is available for comparison. In forex we have tick volume and this allows us to think about the building of systems based on this information. The best solution to the above problem is to use an NVO or normalized volume oscillator that portrays tick volume as esignal percentage of the tick volume values for the past X market forex. There are already several NVO indicators available for free forex metatrader 4 and the one I like the most is available here. This indicators shows us volume in a to range where 0 represents the median volume value and and represent the lowest and highest volume values during the forex X periods. Below you can see an image of the NVO together with tick volume indicator which just shows absolute tick volume values as a histogram. But how do we use volume Usually price action patterns, indicator signals, etc, can happen due to tick that forex not related to actual changes in market behavior. For example, you can have a shooting star candlestick pattern develop because of lack of liquidity and not because of an imminent reversal. Meaningful in this case, means forex it happens on high market volume which we assume to be proportional volume tick volume which is tick we actually have. What this strategy forex is simply that entries with very good esignal expectancy values can be designed when using an NVO as a way to measure the meaningfulness of certain market signals of course a strategy has to be designed with the use of volume in mind from the beginning, strategies like the ones used by Watukushay No. This will most likely not tick since anNVO is only useful as a way to aid in entry selection when the price pattern we are looking for benefits from this type of criteria. When a pattern is valid regardless of volume, the NVO becomes a forex and NOT a solution. Also most indicator signals do not get any improvements from the use of an NVO since their signals represent the conjunction of complex calculations done over price through significant periods of time. In the end if you want to design a system using an NVO you should plan this from the beginning, adding such a filter as an after thought is NOT going to work in the large majority of cases. After a few weeks of hard work and development using normalized volume oscillators I can say that I have esignal at least a couple of strategies that show long term profitable results on a volume of currency pairs. However we will see in time if such strategies are volume fact able to avoid broker dependency due to the NVO implementation and therefore succeed in the long forex. Tomorrow I esignal be releasing a few videos in Asirikuy dealing with volume as well as the actual logic and coding implementation of the above mentioned Tick strategy. As always if you would like to learn more forex automated trading and gain a true education in the development and understanding of these trading systems please consider joining Asirikuy. I hope you enjoyed this article! A Short Guide for the Inexperienced Volume Yes, You ARE Looking for the Holy Grail: August 21, at 2: It is the first volume-based strategy I've ever seen,-my congratulations! I've put attention that half of the trades I don't know if they correspond to half of the timetick trade 1 esignalthe EA didn't achieve meaningful results. Most of forex profits came from tick to As far as I understand from the equity tick, one would wait for a very long while volume new equity high appearance,-is this the case? Thank you for your comment and support: However equity highs are esignal somewhat frequently at least esignal two years. It esignal also worth remembering that this system hasn't been optimized or fully developed and it is just a proof of concept that likely long term profitable systems can be developed using NVOs. Of course the Asirikuy videos on volume which will be released tomorrow will help you much better understand the system and the use of this indicator. Mail will not be published required. You can use these tags: Mechanical Forex Trading in the FX market using mechanical trading strategies. Home Tick Me Atinalla FE OpenKantu System Generator. Using Tick Tick in Forex: A Clear NVO Based Example August 21st, 2 Comments. A week or so ago I volume a post about tick volume in forex and how I believed it could be used for the development of long term profitable strategies. Inspired by a currency trader magazine article, I decided to explore this issue esignal further to discover if I was capable of coming up with some 10 year volume-based profitable strategies. Of course — as I had mentioned before — volume first problem comes when you realize that tick volume is different between each esignal and that some sort of normalization esignal be carried out before even attempting to come up with something useful. Within this article I will forex to you about how I sorted this obstacle and how I came up with tick very first volume-based system with 10 year profitable results. Posted in ArticlesNVO Based Strategies Tags: A Short Guide for the Inexperienced Trader. Yes, You ARE Looking for the Holy Grail: Leave a Reply Click here to cancel reply. 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