Using atm for forex trading

[abikambic]

What is the proper settings in the ATM for pips in forex trading. Is it ticks. And if it is ticks than if I want a take profit of 10 pips is 10 is what goes into the ATM take profit tab. I have put in ticks as the setting and put 10 in the take profit setting but it wants to take profit at about 1 pip profit. Thanks

[NinjaTrader_Brandon]

Hello abikambic,

Thanks for your post.

A tick when trading forex is going to be the smallest interval available to trade. This will vary depending on your Quote FX In setting under Tools> Options> Data
So if you have this set to TenthPip you would need to use a Profit Target of 100 ticks for a 10 pip Profit Target.
If you had Quote FX In set to Pips and you had a Profit Target of 10, this would put your Profit Target 10 pips away from entry.

[abikambic]

Thanks Much. You guys are truly awesome at what you do.