How to know PIP Value?

 

How to know Pip value for the following currency pairs?

  1. EURUSD
  2. GBPUSD
  3. AUDUSD
  4. USDCAD
  5. EURGBP
  6. USDCHF
  7. USDJPY
  8. XAUUSD

 
Look at this thread:
Question About Pips
Question About Pips
Question About Pips
  • 2022.08.30
  • www.mql5.com
Hi forum, Why do some forex currencies have 5 decimal places and some only have three...
 
Ireneo Aldamia: How to know Pip value for the following currency pairs?

A PIP is a unit of distance, not value. A PIP times lots has value.

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

Unless you manually adjust your SL/TP for each separate symbol, using Point means code breaks on 4 digit brokers, exotics (e.g. USDZAR where spread is over 500 points), and metals. Compute what a PIP is and use it, not points.
          How to manage JPY pairs with parameters? - MQL4 programming forum (2017)
          Slippage defined in index points - Expert Advisors and Automated Trading - MQL5 programming forum (2018)

 
Posted a week ago:


I hope this, along with William's message, helps you.
 
Enrique Enguix #:
Posted a week ago:


I hope this, along with William's message, helps you.

Some broker have wrong data then you will get wrong tickValue. even they provide wrong tick size , tick size smaller 1 Point.

double tickValue = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE);
 
Thank you everyone, will take note of these!
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