is it the same?
so is = 20 pips???
It's clearly in points. A pip is a very unprecise unit.
for example eurusd 1.12345
so 20 actually means 0.00020?
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.
Supports MetaTrader 5, broker with only 4 digits?
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.
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.