Indicators: Simple Pip Value Calculator

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Automated-Trading
124908
Automated-Trading  

Simple Pip Value Calculator:

"How much is a 1 pip movement on EURUSD (or any pair) worth in my currency???"

It's a question we see asked frequently on the MQL forums and other forex websites. Knowing how much a 1 pip or 1 point move on a currency is going to make you (or cost you) is one of the most important factors in any forex trade. If you don't know that, how can you calculate your risk to reward??!!??

This very simple calculator will tell you exactly what the value of a 1 pip or 1 point move in any pair will be in your base (deposit) currency.

Simple Pip Value Calculator

Author: Stuart Browne

Ikechukwu Edmond Akahie
40
Ikechukwu Edmond Akahie  
Automated-Trading:

Simple Pip Value Calculator:

Author: Stuart Browne

Thats right. You are right
soubra2003
31798
soubra2003  
Thanks
It is fantastic
Stuart Browne
7240
Stuart Browne  
Mohammad Soubra:
Thanks
It is fantastic
Thanks mate! :D
soubra2003
31798
soubra2003  
Stuart Browne:
Thanks mate! :D
Can we copy the code into our personal EAs
Stuart Browne
7240
Stuart Browne  
Mohammad Soubra:
Can we copy the code into our personal EAs
Sure can Mohammad, I provided it for free for anyone to use it however they want. But thanks very much for asking :)
soubra2003
31798
soubra2003  
Stuart Browne:
Sure can Mohammad, I provided it for free for anyone to use it however they want. But thanks very much for asking :)
:)
bah12ram
76
bah12ram  

it shows value of one point too. what is the diffrence between point and pips?

in some Charts in mt4 it does not show "value of one point"

Stuart Browne
7240
Stuart Browne  
bah12ram:

it shows value of one point too. what is the diffrence between point and pips?

in some Charts in mt4 it does not show "value of one point"

In this instance, a point is 1/10th of a pip
speedytina
17
speedytina  

Stuart, thanks for very useful indi.

How would I adjust text color and font size?

Regards,

Ian

Stuart Browne
7240
Stuart Browne  
speedytina:

Stuart, thanks for very useful indi.

How would I adjust text color and font size?

Regards,

Ian

Very welcome Ian :)

The indi uses the Comment() function to display the text so it's not possible to change any font attributes. However, it would be a pretty straight forward job to add Text Objects to the code.

Cheers
Stu
123
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