Looking at the SEES “3rd or 4th Bar MVP Arrow” cheat sheet, it states that the tick size of the diagnostic bar settings varies by instrument:
10 ticks>> YM, NQ, GC, DX 12 ticks>> TF, CL
How is this determined, and how would it be determined for say NG which has a (Nadex) tick size of 0.001?
When posting this a suggested forum post came up from Darrell Jul’14 that suggests “…backtest like i show in the elite bonus videos on how to set the bar size.”
Anyone have a link to those videos?
Here is the link: http://apexinvesting.net/elite-mvp-bonus-non-essential-material-training-course/
Each market ticks differently. Meaning some move faster or further than others . Some need smaller size bars, some need larger. If you have a slower market with huge bars, you will not get many bars and many signals. if you have too small of bars you will get a lot of choppy or a lot of false signals etc. So it requires some backtesting on each particular market. The ones you see listed for SEES have been tested and tried
