Have a read here: https://www.mql5.com/en/forum/135345
and here: https://www.mql5.com/en/forum/135416
RaptorUK:
Have a read here: https://www.mql5.com/en/forum/135345
and here: https://www.mql5.com/en/forum/135416
thanks Raptor for the links! :)
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I am a bit confused about these three variables.
Taking DAX for example (#FDXU1):
Point: 0.1
Tick Size: 0.5
Tick Value: 12.5
While I understand that tick size is the minimal movement up or down on the prize, and tick value is the real monetary value of a tick,
I fail to understand what significance Point bears.
Also looking at the stock market I get info about tick value and tick size for every product, however Point only appears in MetaTrader.
Can someone please explain the meaning behind Point?
Thank you!
shinobi