You really should look into a backtesting capability. E-Signal has a relatively affordable platform. I will have to think about it, but I believe that you have few enough parameters that you could optimize this system in short order. Given your forward testing results with seat-of-the-pants optimization, I think you could squeeze 2X out of it.
Yes yes I know the definition of tick intervals but I want to know what you think the real value is I mean why not pick a second?
Now wait a minute. Are you telling us it is better to scale out than to scale in? I don't trade your time frame but that's counterintuitive to me. When trading on the scale of a session, morning or afternoon, it definitely is better to scale in. Ah, but you didn't tell us your typical trade duration. What is it?
sorry Joe. I did not know you knew about ticks already. Let's say I am more comfortable when the market is running wild seeing it with ticks than minutes. Gives you opportunity to scale out as you see weaknesses as market slow down after a really fast run up or down. Just a personal preference.
depending of market condition trade duration if trending: up to several minutes (20min to 45 min ) if not trending: a few seconds.
Dunno 'bout that. I like single tick charts, but when I tried tick intervals I couldn't get any sense for the velocity of price change, much less acceleration. It's a visceral kind of thing for me, ya know? I like to imagine I'm on a roller coaster, seated upright when price is falling and upsidedown when it is rising. Just not a visual guy I guess.