Code: Point -Help needed-what it do?

[Michele Bevilacqua]

Hello.

I'm in trouble to understand what exactly the function/operator POINT exactly do, specially

when it comes with MACD EA and/or Ticked-Modify programming instruction/function POINT.

Thanks

[[Deleted]]

Point is the amount of decimal places of a currency. Ex:

EURUSD

50 * Point = 0.0050

USDJPY

50 * Point = 0.50

Point is basically the value of 1 pip of a currency. If you comment point in EURUSD it will show 0.0001. For USDJPY, 0.01

so if you want a stoploss of 50 pips: Ask - (50 * Point) .

[Michele Bevilacqua]

jmca:

Point is the amount of decimal places of a currency. Ex:

EURUSD

50 * Point = 0.0050

USDJPY

50 * Point = 0.50

Point is basically the value of 1 pip of a currency. If you comment point in EURUSD it will show 0.0001. For USDJPY, 0.01

so if you want a stoploss of 50 pips: Ask - (50 * Point) .

Ah tnx! Very clear.

It is one of the most basic function in the programming language, i realize now.

It is the same to do: Ask - 0.0050

but Ask - (50 * Point) is applyable on all currencies pair i.e. both EUR/USD and USD/JPY,

instead the "constant stoploss" Ask - 0.0050 is only on the 0.0001 type-currencies, so it would

produce an error of logic on USD/JPY in example.

Thanks of course