Moderator

8647

I don't know any broker that are offering 'original' futures but only cfd on those and other papers and there those fractions are altered into decimal fractions.

1031

I don't know any broker that are offering 'original' futures but only cfd on those and other papers and there those fractions are altered into decimal fractions.

1031

I want to confirm how to use the Point Value for futures. If it is the same as pips in forex.

Thanks.

Moderator

8647

In mt4 and mt5 these values are provided by the broker. So open an demo account and check it out.

1031

Thanks. I see the tic values. Say for example in the ES it moves it 0.25 increments. How would I specify 1 pip in the EA?

Thanks.

Moderator

8647

Thanks. I see the tic values. Say for example in the ES it moves it 0.25 increments. How would I specify 1 pip in the EA?

Thanks.

See the discussion about Pips elsewhere here! Pip has been the smallest movement of the prices but the banks decided that this is too big and so they created for most of the symbols the point which has become e.g. for Eurusd 0.1*pip.

Now a pip is an artificial value. Some use for some symbols 10.0*point while (for mt4/5) point and tickvalue are values your broker provides but pip isn't provided by the broker.

I decided for me that 1 pip is the amount of points which is closest to ~10.00 € per 1 lot. Therefore I can calculate this for any symbol - but this is my private definition, even though a stop of one pip costs me always aprox. the same.

1031

Thanks. So do you know what to use in MT5 while coding an EA that trades an instrument in 0.25 increments?

Thanks.

Moderator

12451

I always upconvert until it becomes a whole number before the decimal point using digits.

This makes it easy to quickly compare movement across all symbols.

So then it will be about movement, not about value.

That would be normalized to movement because 1 pip will be 1 pip (in movement) for all symbols the same.

However if it is about pips in value, it is nessesary to convert all movement into a base, say Dollar value, so then i do the calculations for all symbols to be able to compare movement in value.

These of course are two different things so it basically depends on what you are looking for.

For example if you are working with Renko charts it's all about movement in pips, but if you are working with for example hedging, you want to compare symbols by corelation or value.Moderator

8647

Thanks. So do you know what to use in MT5 while coding an EA that trades an instrument in 0.25 increments?

Thanks.

Minimal price change |

So any price change or price difference like e.g. a stop (=>Bid-stop) for a symbol has to be a multiple of this value.

1031

While using an EA for US Futures markets, do we set profit and loss in pips or points? For example the ES moves in increments of 0.25 and bonds move in increments of 1/32. Did not see fraction in MT5 either.

Thank you.