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Trailer stop metatrader issue

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Teeva Franssen
568
Teeva Franssen 2014.10.20 08:45 

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
55363
Sergey Golubev 2014.10.20 09:57  

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
568
Teeva Franssen 2014.10.20 10:20  

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)

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