Point Tick Value and Tick Size

[Deleted] 2011.09.02 16:30

Dear MT4 Users,

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

Symbol Point Value
Difference between Tick Size and Point?
[WARNING CLOSED!] Any newbie question, so as not to clutter up the forum. Professionals, don't go by. Can't go anywhere without you.

Simon Gniadkowski 2011.09.02 17:21 #1

Have a read here: https://www.mql5.com/en/forum/135345

and here: https://www.mql5.com/en/forum/135416

[Deleted] 2011.09.05 12:47 #2

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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