Amateur question - was attempting to download tick data off my platform and when i was going through the data, was suddenly very confused with what tick data's supposed to represent.
Understand from the docs that:
OnTick: The NewTick event is generated for Expert Advisors only when a new tick for a symbol is received, to the chart of which the Expert Advisor is attached.
NewTick: The NewTick event is generated if there are new quotes, it is processed by OnTick() of Expert Advisors attached.
Example of downloaded data for EURGBP:
- When's a NewTick event generated? I have always thought its generated each time the price level changes but that seems to be wrong.
- Given that my chart is set to show bid prices, i assume that these are bid prices but if 1 tick is the smallest price movement, why are there differences between open, close, high and low prices?
- Does this mean that if i were to download Bid() and Ask() prices for each tick, there will be a Open|Bid, Open|Ask, Close|Bid... - a total of 8 prices?
Any help would be appreciated. Thank you!
Apologies - realized that small data set does not show differences in open, close, high and low prices.