The Log Tick Data Forex indicator is a custom-built tool for Metatrader 4 that stores tick-by-tick data in the trading platform.
Attach it to any chart, and you will see it pop up in the upper left chart corner ” logging tick data”.
The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities, etc.).
Free Download
Download the “logtickdata.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
Trading Signals (example)?
The Log Tick Data Forex indicator does not issue any buy or sell signals.
Combine the indicator with a strategy or system of your preference.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: N/A
Indicator type: Data
Repaint? N/A.
Log Tick Data + Impulse MACD MT4 Scalping Strategy
This MT4 scalping strategy combines real-time market precision with momentum confirmation.
The Log Tick Data Forex Indicator for MT4 records every tick movement, allowing traders to analyze price changes at the most granular level.
It helps identify sudden bursts of activity, volatility spikes, and micro trends that often precede short-term moves.
The Impulse MACD Indicator for MT4 provides a clear momentum filter — when its histogram is above zero, it indicates bullish momentum; when below zero, bearish pressure dominates.
By combining these two tools, traders can time entries with both precision and confidence.
The Log Tick Data indicator highlights high-activity moments when short-term trades have the best potential, while the Impulse MACD confirms whether momentum supports the trade direction.
This setup works best for scalping on M1 and M5 charts of major currency pairs such as EUR/USD, GBP/USD, and USD/JPY during high-volume sessions.
Buy Entry Rules
- Observe the Log Tick Data indicator for a sudden rise in tick activity, signaling increased market participation.
- Wait for the Impulse MACD histogram to move above the zero line, showing bullish momentum.
- Enter a buy trade once the candle closes with continued tick strength and MACD confirmation.
- Place a stop loss 5–8 pips below the recent swing low.
- Set your take profit target 8–15 pips above entry, or exit at the first sign of momentum fading.
Sell Entry Rules
- Monitor the Log Tick Data indicator for a spike in tick volume during downward price movement.
- Wait for the Impulse MACD histogram to drop below the zero line, confirming bearish momentum.
- Enter a sell trade at the close of the confirming candle.
- Place a stop loss 5–8 pips above the recent swing high.
- Set the take profit target 8–15 pips below entry, or exit when MACD momentum weakens.
Advantages
- Combines raw tick precision with MACD momentum confirmation for accuracy.
- Ideal for high-frequency scalpers who trade active market sessions.
- Quick feedback from tick activity helps detect volatility bursts before major price moves.
- Clear and simple rule-based setup suitable for fast execution.
- Can be used across major pairs with tight spreads for minimal cost.
Drawbacks
- Requires constant monitoring since setups form and expire quickly.
- Not suitable for low-volatility or illiquid trading periods.
- Small stop losses can be vulnerable to spread widening during volatile moments.
- Tick data accuracy may vary slightly depending on the broker’s feed.
Example Case Study 1 (EUR/USD, M1)
On EUR/USD M1, the Log Tick Data indicator showed a sudden jump in tick activity just after the London open, signaling strong buying interest.
At the same time, the Impulse MACD histogram crossed above zero.
A buy trade was entered at 1.0864 with a stop loss at 1.0857.
The pair climbed rapidly to 1.0876 within ten minutes, generating a 12-pip profit before momentum began to fade.
This quick move reflected the advantage of combining tick-level volatility with momentum confirmation.
Example Case Study 2 (GBP/USD, M5)
During the New York session, GBP/USD experienced a spike in tick activity while the price dipped lower.
The Impulse MACD histogram turned negative, confirming bearish momentum.
A sell entry was placed at 1.2832 with a stop loss at 1.2840.
The pair continued dropping to 1.2816, capturing 16 pips in less than twenty minutes.
The trade demonstrated how aligning tick surges with MACD direction can lead to swift, low-risk scalps.
Strategy Tips
- Focus on major trading hours (London and New York sessions) for maximum tick activity.
- Use brokers with low spreads and fast execution — slippage can reduce performance.
- Trade only when both tick volume and MACD direction align strongly.
- Avoid trading right before major news releases to prevent unpredictable spikes.
- Keep trades short-term; aim for 8–15 pips per position and exit on slowing tick momentum.
- Review tick data patterns over several sessions to identify recurring volatility periods.
By merging the real-time sensitivity of the Log Tick Data Indicator with the directional clarity of the Impulse MACD Indicator, traders gain a refined scalping framework that identifies quick
momentum bursts and capitalizes on short but consistent price movements.
