About the Log Tick Data Forex Indicator
The Log Tick Data Forex Indicator for Metatrader 4 is a specialized utility tool designed to record tick-by-tick price data directly inside the trading platform.
Unlike standard MT4 history data, which is based on aggregated price movement, this indicator captures every individual tick as it occurs.
Once attached to any chart, the indicator immediately starts recording live tick data in the background.
A small message appears in the upper left corner of the chart confirming that tick logging is active.
This makes it easy to verify that the indicator is running correctly without interrupting your analysis.
Tick data is essential for traders who want more accurate backtesting, spread analysis, or detailed market research.
By storing this data locally within MT4, the indicator gives traders more control over how price behavior is analyzed at the most granular level.
This tool is especially useful for algorithmic traders, scalpers, and anyone who relies on precise market timing.
Free Download
Download the “logtickdata.mq4” indicator for MT4
Key Features
- Records tick-by-tick price data directly in MT4
- Runs automatically once attached to a chart
- Displays a logging status message on the chart
- Improves accuracy for testing and analysis
- Works on any currency pair
- Suitable for live and demo accounts
Indicator Chart
The chart shows the Log Tick Data Forex Indicator attached to an MT4 chart.
In the upper left corner, a status message confirms that tick data is being logged while normal price movement continues uninterrupted.
Guide to Trade with Log Tick Data Forex Indicator
Buy Rules
- This indicator does not generate buy signals
- Use it alongside your existing trading strategy
- Ensure tick logging is active before market sessions begin
Sell Rules
- This indicator does not generate sell signals
- It supports analysis rather than direct trade execution
- Combine with a separate entry-based indicator
Stop Loss
- Not applicable, as no direct trades are generated
- Use your strategy’s predefined risk rules
- Tick data can help refine stop placement during testing
Take Profit
- Not applicable to this indicator
- Use recorded tick data to evaluate exit efficiency
- Helpful for optimizing scalping targets
Practical Tips
- Attach the indicator before high-activity sessions
- Run MT4 continuously to avoid missing tick data
- Use the data for advanced backtesting or spread analysis
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.
Download Now
Download the “logtickdata.mq4” indicator for Metatrader 4
FAQ
What is tick data used for in forex trading?
Tick data records every price change and is used for precise backtesting, scalping analysis, and studying spread behavior.
Does the indicator affect MT4 performance?
It runs quietly in the background, but logging tick data over long periods may increase storage usage.
Can I use this indicator on multiple charts?
Yes, but running it on multiple charts may record duplicate data and is usually unnecessary.
Is tick data logged when MT4 is closed?
No. MT4 must remain open and connected for tick data to be recorded.
Summary
The Log Tick Data Forex Indicator for MT4 is a valuable tool for traders who need accurate, tick-level market data inside their trading platform.
It focuses on data collection rather than trade signals, making it ideal for research and optimization.
When combined with an execution or entry-based indicator in the strategy section, the recorded tick data can significantly improve testing accuracy and overall trading performance.
