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If I am trading ES. |
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You really just need to tinker with the setting till you get one that provides the most instances of your setup that end up profitable. Back testing along with forward testing is really the only way to get your answer. And if you don't have a setup yet that's the first step because to just trade on a whim or a chance will end up with you in the poor house. Get that setup with a nice risk to reward ratio and get testing.
On the YM for my setups I use 144 tick. The ES is usually about 10 times the volume so in theory 1440 tick would be best for me. Guess what, it doesn't match up so if I ever want to trade the ES I need to do my testing all over again.
