Range Chart on Tenth of Pip

[[email protected]]

I have a question

When I use Tenth of Pip on Forex and I try to open a Range Chart, what is the range that I need to do to make a range chart with each candle worth 5 Pips?

Is it a 50 Range chart?

Thanks

PEDRO

[NinjaTrader_Kyle]

Hello Pedro,

Thank you for your post.

Your understanding is correct, a 50 range chart would be used in this scenario.

[[email protected]]

Thank you Kyle

Also when I place ATM Strategies I need to multiply by 10 the Stop and Profit Target?

So if I want a Stop loss of 20 pips but I am using tenth of a pip as FX Quote, then I need to enter 200 on the Stop Loss on ATM?

Thanks for clarification!

[NinjaTrader_Kyle]

Hello,

Yes, that is also correct.

[[email protected]]

Last question Kyle,

How come Forex does not allow me to enter Stop Limit Orders?

[NinjaTrader_Kyle]

Hello,

Unfortunately, I am not sure why this is however I know that it is the case in many circumstances. Your broker should be able to offer additional information on that topic of course.