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TOS platform supports Renko but price range is in “ticks”. Does anyone know if “ticks” translate into pips for forex trading? The platform does not seem to include pips.
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Been trying to choose an NFA forex broker for forex scalping the 1 minute. Who should I choose. My understanding is ecn/stp brokers really don’t matter since the trading desk takes the other side in any case and they are not really interested in ripping you off. Who can I find in the u.s. for scalp trading with small spreads/
A tick is a trade. I think you set a bar to form after so many ticks. So, instead of a “5-minute” bar, you have a “233 tick” bar which could take a second or an hour to form. Has nothing to do with pips.