Disliked
You need better charting than MT provides. I have posted elsewhere some indicators that will build tick and 10-seconds charts in MT, but these are a bit clunky. I hear Oanda offers 1-second charts - I don't know. But free Ninja has good x-tick and x-second charts with free real time data from Gain, usually tick for tick with MT. Look at the Cyrox Rainbow post. I don't use it but something similar.
ps: Scalping takes 100% focus. If you have a crying baby, barking dog, or nagging wife don't do it. ;=)
2 things here, I agree with both:
1) It seems the de facto standard for so many start-up traders is MT4.
Granted it has a lot of built-in functions, indicators and capability that are quite useful,
but, without ready access to tick (yes, I know about the "clunky" tick scripts) it's not designed for tick traders.
Ninja, not something I'm very fond of but it is a better alternative, does have certain advantages over MT4 and
I'm surprised more people on the MT4 bandwagon don't give it more attention for it's x-tick and x-second charting.
2) I don't mind the barking dog.
The crying baby I can probably deal with (hose 'em off every 4 hours at the close of the candle).
The nagging wife is a different story. You cannot trade with a nagging wife jacking with your concentration.
It is more productive to simply not trade and do something else than to attempt to trade while being nagged.
Not only will you lose money, but you will put undue stress on nearly every other facet of your personal life.
Scalping under these conditions is completely out of the question. It cannot work. She won't let you win.
One solution is to open a mini account for her and have her trade it at $1/pip. It will be an eye opening experience.
Get her a cheap laptop and put her in the other room. Someday, you can let her in and sit with you and the dog while you trade.
You may learn something from it too. Just keep enough on the side to reload the account every now and then.
Who knows, she may be the one reloading
your account.
