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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.
Thank you everyone, will take note of these!
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How to know Pip value for the following currency pairs?