Hi guys what is best asset to trade? I mean low spread and low commission and not only forex. for metatrader4
It depends .
You want a high periodic volatility to spread ratio
im not referencing any study its all theoryfor now.
so PeriodicVolatility / Spread .
To test detection of this and cofactors you may need to detour for testing on MT5 (you need the spread) ,
and then artificially "inject" the commision costs -i imagine swaps wont be an issue unless you hold something on the intraswap minute-
Now , volatility can be confusing .You are looking for oppurtunities where the outcome is sided ,clear and more than the spread .
So consequently you will conclude renkos is the best method to detect sided clear and size-defined movements.
(which brings you back to MT5 because you cannot test renkos on MT4).
All that is theoretical .
What is renkos?
A Renko Chart .
It has no time axis and a new bar is only drawn when its "X points" away from the previous close price
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