**doshur:**

is it the same?

so is = 20 pips???

Why ?

`SetDeviationInPoints`

It's clearly in points. A pip is a very unprecise unit.

Moderator

35057

is it the same?

so is = 20 pips???

Why ?

`SetDeviationInPoints`

It's clearly in points. A pip is a very unprecise unit.

5553

Why ?

It's clearly in points. A pip is a very unprecise unit.

for example eurusd 1.12345

so 20 actually means 0.00020?

Moderator

101579

- for example (in case of 5 digit broker): buy at 1,30305 and take profit at 1.30605. Profit is 30 pips, or 300 points.
- the other example (in case of 4 digit broker): buy at 1,30305 and take profit at 1.30605. Profit is 30 pips, or 30 points.

pips = 4 digit points in case of 4 digit broker, and 1 pip = 10 points in case of 5 digit broker ... some people say that we will have 6 digit brokers soon :) who knows ...

Many traders are using pips (4 digit points) irrespective of how many digits are having the broker at the price.

Moderator

35057

5553

7182

5553

2097

for example eurusd 1.12345

so 20 actually means 0.00020?

For calculations on every instrument, you should use this values:

tickSize = SymbolInfoDouble(symbol, SYMBOL_TRADE_TICK_SIZE); tickValue = SymbolInfoDouble(symbol, SYMBOL_TRADE_TICK_VALUE);

So tickSize is the minimal price change, and tickValue is the value of one tick in the currency of your account.

Moderator

35057

Pip is the most precise definition you can have.

One pip is the smallest difference between two values.

So if you have €$ on 5 digits broker, one pip is 0.00001.

For €$ on 4 digits broker, one pip is 0.0001.

For GOLD, one pip is 0.01.

2097

It's YOUR definition, so of course it's very precise to you. What you said confirm exactly what I wrote : "A pip is a very unprecise unit." Its definition varies from person to person. What you define as a pip is actually a point.

is it the same?

so is = 20 pips???