Is tick same pip or pipette? - page 2

[usermql]

Fernando Carreiro #: It is actually both! "Tick" can refer to the minimum possible price difference and it can also refer to a price change due a transaction. It he case of the OP's question, a "tick" can have the same value as pipette or point when referring to "Forex", but when referring to other symbols it may be different ...

You say i forget pip and pipet and stick to tick so How calculate tick size what's it's formula for example if gold tick size is 0.01 and contract size is 100, tick size per lot is 1$ is it true?  0.01*100*1=1$

[Fernando Carreiro]

usermql #: You say i forget pip and pipet and stick to tick so How calculate tick size what's it's formula for example if gold tick size is 0.01 and contract size is 100, tick size per lot is 1$ is it true?  0.01*100*1=1$

You don't calculate the tick size. It is a predetermined value provided in the contract specification. In my previous post I provided an example of the function call to obtain it.

The tick value is something different to tick size and is provided by another function call also shown in my previous post.

On the rare occasion that your broker is misrepresenting the tick value for gold, then use the OrderCalcProfit method instead when calculating your volume.

Forum on trading, automated trading systems and testing trading strategies

SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE) sometimes zero

Fernando Carreiro, 2022.08.23 16:51

Instead of using the Tick Value directly, consider using the function OrderCalcProfit, because it will apply the correct profit calculation method depending on the CALC_MODE for that symbol.

You cal also refer to the calculation mode for more details ... Documentation on MQL5: Constants, Enumerations and Structures / Environment State / Symbol Properties — NUM_SYMBOL_CALC_MOD

[usermql]

Fernando Carreiro #:

You don't calculate the tick size. It is a predetermined value provided in the contract specification. In my previous post I provided an example of the function call to obtain it.

The tick value is something different to tick size and is provided by another function call also shown in my previous post.

On the rare occasion that your broker is misrepresenting the tick value for gold, then use the OrderCalcProfit method instead when calculating your volume.

You cal also refer to the calculation mode for more details ... Documentation on MQL5: Constants, Enumerations and Structures / Environment State / Symbol Properties — NUM_SYMBOL_CALC_MOD

In case of sp 500 that you examples contract size is 5? and euro stoxx contract size is 50? 

[William Roeder]

usermql: tick is equal to pip or pipettes? 

PIP, Point, or Tick are all different in general.
          Ticks, PIPs or points in the GUI. Make up your mind. - MQL4 programming forum #1 (2014)
          Percentage in point - Wikipedia