From theory to practice - page 1981
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Absolutely right.
Downloaded the OPEN M1 data from Dukascopy for EURUSD for the whole year 2019.
Got the following picture:
Conclusion 1: Working with TF M1 data and above is the Road to the Abyss.
Amen.
I'll tell you in confidence that there are plenty of inefficiencies on ticks. But it's impossible to turn them into money. That's why they are there.
There are almost none on M1. If there were, they would be turned into money. That is why they are not there.