Point value in MT4
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Can someone explain what Point means in MT4/MQL?
For example - in FX what would be the point value for EUR/USD? What about USD/JPY? Would it be .0001 for EUR and .01 for JPY?
How about index futures? What would be a point for ES, ER2, YM? .25, .10, 1?
Sorry I am trying to figure out exactly what it means by point because it seems more like it really means pip for FX or tick for futures. There is a big difference between point and tick though.
Thanks.