Scripts: VisualizeTheUseofPoints
PIP, Point, or Tick size 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 (if any still exists), exotics (e.g. USDZAR where spread is over 500 points), and metals. Compute what a logical PIP is and use that, 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)
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VisualizeTheUseofPoints:
If you are like me and have difficulties to remember how to use the Point() function?
Author: Johan Gerard W Martens