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Nope . . . as I said . .
You can see here that point is 0.1 but the smallest increment that price moves by is 0.5 which is TickSize
Ah, now I know! Thanks :D
very useful, thanks :]
No he is not. Doesn't matter whether the broker is 4 digits or 5 digits. A pip is a pip. 0.0001 is one pip (1 point) 0.00010 is also one pip (10 points) Is 0.0001 not equal to 0.00010?
obviously he was wrong, he wrote that "this is a 4-digit broker where the spread is 2 pips or 20 points ". Why are you arguing about that ? On a 4-digit broker 2 pips is 2 points and not 20 points. Point.
A pip is a pip but a point isn't a point, on a 4-digit broker a point is 0.0001, on a 5-digit broker a point is 0.00001. If it "doesn't matter whether the broker is 4 digits or 5 digits" then what you wrote is a non sense : 1 point=10 point is absurd.
MODE_TICKVALUE is the value of a point in the deposit currency. The smallest increment in change of price is MODE_TICKSIZE . . . for example take a look at some of the indices.
This is not true TICKVALUE is the value of a tick, not of a point.
Ahh, I tried to some summarising to finally clear things up but I can't get the wording right and still be simple and understandable! haha, why is it so hard?
And what is a tick? :)))))))))
And what is a tick? :)))))))))