Indicators: Simple Pip Value Calculator

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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

 
Automated-Trading:

Simple Pip Value Calculator:

Author: Stuart Browne

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

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"

 
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
 

Stuart, thanks for very useful indi.

How would I adjust text color and font size?

Regards,

Ian

 
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
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