Do the pip value stays the same over time?

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I know this might be a very basic question but i am an absolute noob in trading so I don't understand anything about it..... 


As the heading implies, do the pip value stays the same over a period of time? Or does it change from time to time.... 
Let's take EURUSD as an example, does the pip value for EURUSD Stays same over time regardless of time and market condition? ?  Or does it change over time? 

Thanks 
 
Shanty94:
I know this might be a very basic question but i am an absolute noob in trading so I don't understand anything about it..... 


As the heading implies, do the pip value stays the same over a period of time? Or does it change from time to time.... 
Let's take EURUSD as an example, does the pip value for EURUSD Stays same over time regardless of time and market condition? ?  Or does it change over time? 

Thanks 

your example gives no further clue as to what you are asking....

prices change all the time

spreads change all the time

a pip is a term used in forex and refers to a set amount which varies depending on the currecny but otherwise stays the same

so EURUSD 0.0001 is a PIP     USDJPY  0.01 is a PIP 

hopefully that has nailed it

 
Paul Anscombe:

your example gives no further clue as to what you are asking....

prices change all the time

spreads change all the time

a pip is a term used in forex and refers to a set amount which varies depending on the currecny but otherwise stays the same

so EURUSD 0.0001 is a PIP     USDJPY  0.01 is a PIP 

hopefully that has nailed it



Let's say 10 pips in negative on a certain pair with lot side 0.1 gives the loss of 10 USD.
Will it always give the 10 usd loss on that pair with 0.1 lot? 
Or will it change depending on the market conditions? 
 
Shanty94:


Let's say 10 pips in negative on a certain pair with lot side 0.1 gives the loss of 10 USD.
Will it always give the 10 usd loss on that pair with 0.1 lot? 
Or will it change depending on the market conditions? 
Same
 
Paul Anscombe:
Same
Thanks 
 
Shanty94:
Thanks 
You are welcome 
 

PIP, Point, or Tick are all different in general.
          What is a TICK? - MQL4 programming forum 2014.08.03

Unless you manually adjust your SL/TP for each separate symbol, using Point means code breaks on 4 digit brokers, exotics (e.g. USDZAR where spread is over 500 points), and metals. Compute what a PIP is and use it, not points.
          How to manage JPY pairs with parameters? - MQL4 programming forum 2017.02.09
          Slippage defined in index points - Expert Advisors and Automated Trading - MQL5 programming forum 2018.01.15

 
Shanty94:
I know this might be a very basic question but i am an absolute noob in trading so I don't understand anything about it..... 


As the heading implies, do the pip value stays the same over a period of time? Or does it change from time to time.... 
Let's take EURUSD as an example, does the pip value for EURUSD Stays same over time regardless of time and market condition? ?  Or does it change over time? 

Thanks

It depends on account base currency and specific pair,  for an account based in USD  the pip value of EURUSD  stays the same,  while other pairs' pip value such as EURGBP changes as their rates change, there are several different groups of pairs, and each group's pip value is calculated using a different formula.   I actually used the exact pip formula for each pair in some trade simulations,  I don't remember the whole theory,    but recently had to look up pip formula for EURJPY   (USD denominated account with lot size 100,000),  turns out the pip value in USD, for this pair is: 

   EURJPY pip value in USD = (EURUSD rate / EURJPY rate) * 1000   ,   it changes,   

 
GEORGIOS VERGAKIS:

It depends on account base currency and specific pair,  for an account based in USD  the pip value of EURUSD  stays the same,  while other pairs' pip value such as EURGBP changes as their rates change, there are several different groups of pairs, and each group's pip value is calculated using a different formula.   I actually used the exact pip formula for each pair in some trade simulations,  I don't remember the whole theory,    but recently had to look up pip formula for EURJPY   (USD denominated account with lot size 100,000),  turns out the pip value in USD, for this pair is: 

   EURJPY pip value in USD = (EURUSD rate / EURJPY rate) * 1000   ,   
t changes,   

No, the value of a pip remains the same and is always quoted in the base currency, so EURUSD, GBPUSD etc are in USD    and EURJPY, USDJPY etc are in JPY.

You are talking about conversion of an amount to an account currency which is not the same as pip values changing. 


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