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Is market profile applicable for FOREX ?
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Market Profile should work ok with Forex, but keep in mind a few things.
1) There isn't true volume on Forex, so I would suggest turning Volume off on MP Window
2) The default Tick Increment for Forex is 0.01 which is not good. I would suggest going with 0.0005 for most symbols. To edit the Tick increment, right-click select Set Tick Increment. Then select Tick Value, type in 0.0005, and turn Force Tick on.
As far as how good Market Profile is as a trading strategy for Forex, I'll leave that to more experienced forum members. Here's an example of the Pound on Market Profile.
Regards,
Jay F.
Product Manager
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