Calculation of Pips

[fx_maddin]

Hi,

i am a little bit confused... MyFXBook calculate pips in trade history:




I want to calculate this "pips" in my EA oder Indicator. MyFXBook deleted my forum post, so I try to ask one of you how this value is calculated?

Thanks in Advance

Best regards

Maddin

[Carl Schreiber]

fx_maddin:
Hi,

i am a little bit confused... MyFXBook calculate pips in trade history:




I want to calculate this "pips" in my EA oder Indicator. MyFXBook deleted my forum post, so I try to ask one of you how this value is calculated?

Thanks in Advance

Best regards

Maddin

Ask Prof. Dr. Google - he has a lot of literature about it!

[Janusz Trojca]

fx_maddin:
Hi,

i am a little bit confused... MyFXBook calculate pips in trade history:




I want to calculate this "pips" in my EA oder Indicator. MyFXBook deleted my forum post, so I try to ask one of you how this value is calculated?

Thanks in Advance

Best regards

Maddin

I suppose, that myfxbook doesn't calculate pips value, but simply reading it from statements.

 As Carl wrote, If you need to calculate "pips" value ask uncle Google. 

[fx_maddin]

I googled a lot of days, but I don't understand it...

This is the part of my code:

double myPoint;

int OnInit() {

    if (Digits == 5 || Digits == 3) {
        myPoint = Point*10;
    } else {
        myPoint = Point;    
    }

    return(INIT_SUCCEEDED);
}


void OnTick() {

    Comment(OrderTicket()+": " + NormalizeDouble((OrderClosePrice()-OrderOpenPrice()),Digits)/myPoint;
          
}

There is now one trade.

EURUSD | OrderOpenPrice() = 1.07028 | OrderClosePrice() = 1.07020

In Terminal, I show the Profit > as Point.

Comment (from my code) shows: 0.8
Terminal shows: 8
If I use the crosshair to messure the distance, it shows also 8

Therefore I am confused...

Please give me a hint, what is wrong in my calculation or do I have thinking errors??

thanks in advance

[honest_knave]

fx_maddin:

double myPoint;

int OnInit() {

    if (Digits == 5 || Digits == 3) {
        myPoint = Point*10;
    } else {
        myPoint = Point;    
    }

    return(INIT_SUCCEEDED);
}


void OnTick() {

    Comment(OrderTicket()+": " + NormalizeDouble((OrderClosePrice()-OrderOpenPrice()),Digits)/myPoint;
          
}

There is now one trade.

EURUSD | OrderOpenPrice() = 1.07028 | OrderClosePrice() = 1.07020

In Terminal, I show the Profit > as Point.

Comment (from my code) shows: 0.8
Terminal shows: 8
If I use the crosshair to messure the distance, it shows also 8

MetaTrader works in points not pips.

Many people are trading forex with a 5 digit broker. Your broker quotes EURUSD to 5 digits: 1.07028

On 5 digit brokers, there are 10 points to a pip.

So, your code is correct (see parts highlighted in yellow).

8 points = 0.8 pips

[William Roeder]

    Comment(OrderTicket()+": " + NormalizeDouble((OrderClosePrice()-OrderOpenPrice()),Digits)/myPoint;

1. You can not use any Trade Functions - MQL4 Reference unless you select a ticket first.
2. Do NOT use NormalizeDouble, EVER. For ANY Reason. It's a kludge, don't use it. It's use is always wrong
   • SL/TP (stops) need to be normalized to tick size (not Point.) (On 5Digit Broker Stops are only allowed to be placed on full pip values. How to find out in mql? - MQL4 forum) and abide by the limits Requirements and Limitations in Making Trades - Appendixes - MQL4 Tutorial and that requires understanding floating point equality Can price != price ? - MQL4 forum
   • Open price for pending orders need to be adjusted. On Currencies, Point == TickSize, so you will get the same answer, but it won't work on Metals. So do it right: Trailing Bar Entry EA - MQL4 forum or Bid/Ask: (No Need) to use NormalizeDouble in OrderSend - MQL4 forum
   • Lot size must also be adjusted to a multiple of LotStep. If that is not a power of 1/10 then NormalizeDouble is wrong. Do it right.