**jeex:**

- When pointing the mouse at the SL-line, it tells the SL in
**Pips**but in fact these are**points**. - When changing this via the shortcut menu, they are called
**Points**but in fact these are**Pips**( Points / 10 ). - Then in the opened dialog for changing the trailing SL, they are called
**Ticks**, while in fact these are**Points**.

- When mt4 was written, there was only currencies and only 4 digit brokers (pip=point.) Then came 5 digit brokers (pip=10 points) and then metals (tick >= point). The GUI has never been changed and translations from Russian are always suspect. If you see pip, that is always point.
There is

*Tick*,*PIP*, and*Point*. They are all different in general. A tick is the smallest change of price. A Point is the least significant digit quoted. In currencies a pip is defined as 0.0001 (or for JPY 0.01)On a 4 digit broker a point (0.0001) = pip (0.0001). [JPY 0.01 == 0.01] On a 5 digit broker a point (0.00001) = 1/10 pip (0.00010/10). Just because you quote an extra digit doesn't change the value of a pip. (0.0001 == 0.00010) EA's must adjust pips to points (for mq4.) In currencies a tick is a point. Price can change by least significant digit (1.23456 -> 1.23457)

In metals a Tick is still the smallest change but is larger than a point. If price can change from 123.25 to 123.50, you have a

*TickSize*of 0.25 and a point of 0.01. Pip has no meaning.This is why you don't use

*TickValue*by itself. Only as a ratio with*TickSize*. See DeltaValuePerLot()

There's a thing in MetaTrader4 - Dutch version that is very confusing. See the attached image

Pipsbut in fact these arepoints.Pointsbut in fact these arePips( Points / 10 ).Ticks, while in fact these arePoints.Why not get rid off all these confusing names.

tickis the smallest unit as part of the Volume.pointis the smallest unit as part of the price, or price change.Thanks.