URGENT HELP REQUIRED with CALCULATIONS
The amount of lots and pips are inversely proportional. Conversion into the deposit currency is done with MarketInfo(symbol,MODE_TICKVALUE) per Point.
I suggest u do some searching; similar questions have been asked (and answered) many times.
I suggest u do some searching; similar questions have been asked (and answered) many times.
gordon:
The amount of lots and pips are inversely proportional. Conversion into the deposit currency is done with MarketInfo(symbol,MODE_TICKVALUE) per Point.
The amount of lots and pips are inversely proportional. Conversion into the deposit currency is done with MarketInfo(symbol,MODE_TICKVALUE) per Point.
I suggest u do some searching; similar questions have been asked (and answered) many times.
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I would very much appreciate some help in understanding how to work out MT4 profit/loss amounts.
Lets just say my daily trading goal is to achieve $200 and I am trading on GBP/USD
How do I work out lot amounts and how many pips I need?
Look forward to any repsonses