Trailer stop metatrader issue

To add comments, please log in or register
Teeva Franssen
515
Teeva Franssen  

i just changed to 50 points trail stop and my metatrader journal says:

2014.10.20 0850.214 '1721345':  trailing stop on #706218869 modified to 50 pip(s) 

 Yet other users are saying pips should be 500 points. 

Anyone has a clue what is going on? 

Sergey Golubev
Moderator
110438
Sergey Golubev  

It depends on which broker: 4 digit (price) ir 5 digit.

Example:

1.27631 - 1.27471 = 160 points or 16 pips

1.2763 - 1.2747 = 16 points or 16 pips|

Just open the chart (EURUSD for example) to see: you have 4 digit price on the chart or 5 digit

Teeva Franssen
515
Teeva Franssen  

Using Alpari UK

But if what you say is true , alpari is 5 digit price. yet when i set 50 point i get this message in meta-trader journal:

2014.10.20 10:18:49.817 '1721345': trailing stop on #706229489 modified to 50 pip(s)

investgrreat
6
investgrreat  
Teeva Franssen:

i just changed to 50 points trail stop and my metatrader journal says:

2014.10.20 0850.214 '1721345':  trailing stop on #706218869 modified to 50 pip(s) 

 Yet other users are saying pips should be 500 points. 

Anyone has a clue what is going on? 

points are probably the same value as pips in your case

pips are expressed as 1% of the invest value


it is that simple

Keith Watford
Moderator
16559
Keith Watford  
investgrreat:

points are probably the same value as pips in your case

pips are expressed as 1% of the invest value


it is that simple

Points are probably not the same value as pips, this is why the OP is puzzled.

When Metatrader first started, most if not all retail brokers used 4 decimal points for Forex (except Japanese pairs which used 2). So back then point and pips were the same value.

Now nearly all brokers offer the additional digit, but metatrader still use the term Pip where they should really use Point (or Pipette).


"pips are expressed as 1% of the invest value"

What does that mean? A pip is normally .01 percent of the price.

investgrreat
6
investgrreat  

obviously the answer is too simplefor you to understand


points are before the comma, pips behind


basically 1 point should be dependant on the case 100 pips, or 1000 etc


representing 1 % of the value

William Roeder
18687
William Roeder  
investgrreat: obviously the answer is too simplefor you to understand, points are before the comma, pips behind
  1. No! It is you that doesn't understand the simple definitions.
              What is a TICK? - MQL4 and MetaTrader 4 - MQL4 programming forum

  2. This is an international server becareful stating "before comma" as different countries uses decimal comma vs others using decimal point.
              Decimal separator - Wikipedia

  3. X,yyyyy or x.yyyyy is a price. PIPs and points are a change in a price. The difference between 0.12345 and 0.12349 is 4 points.

  4. If you continue derogatory remarks, you will received a band.
    Please be polite when communicating on this website. Refrain from statements that may offend or insult other users.
              General rules and best pratices of the Forum. - Demo Account - General - MQL5 programming forum

To add comments, please log in or register