OrderSwap and pipcost

[Ming Luo]

Hi:

Can anyone explain what's the meaning of an OrderSwap in a forex market please? Also, in the mt4, how can I get the pipcost for a single pip please?

 

Thanks

[Simon Gniadkowski]

asuralm:

Hi:

Can anyone explain what's the meaning of an OrderSwap in a forex market please? Also, in the mt4, how can I get the pipcost for a single pip please?

Swap

What is your definition of a pip ?  what do you mean by pipcost ?  this ?   MarketInfo()  with MODE_TICKVALUE

[William Roeder]

Swap is the interest you pay/get on the pair when you hold a position open over night

TickValue/TickSize * OrderLots()

[Ming Luo]

Thanks for your help.