start trading with 10.000 usd, and after several weeks I have 10.250 in my
somebody ask me how many PIPS I have win in this period.
Is there a
formula to calculate it in base of that 250 usd of profit (in MQL4)?
I have traded with different symbols and lots).
Not as far as I know.
You will need to check each trade and calculate the pips profit total.
Risk depends on your initial stop loss, lot size, and the value of the pair.
In code (MT4):
You place the stop where it needs to be - where the reason for the trade
is no longer valid. E.g. trading a support bounce the stop goes below the
Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice -
OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the
SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the
exchange rates of the pair vs. your account currency.)
Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit
currency, as promised by the documentation, or whether it is returning a value
in the instrument's base currency.
MODE_TICKVALUE is not
reliable on non-fx instruments with many brokers.
You must normalize
lots properly and check against min and max.
You must also check FreeMargin to avoid stop out
Most pairs are worth about $10 per PIP. A $5 risk with a
(very small) 5 PIP SL is
$5/$10/5=0.1 Lots maximum.