MODE_TICKSIZE - Tick size in points? New comment Forex Trader 2008.02.18 19:50 Hi there, For a typical symbol (say GBPUSD) MODE_POINT = 0.0001 In the MT4 programming documentation it says that... MODE_SPREAD = Spread value in points. MODE_STOPLEVEL = Stop level in points. MODE_TICKSIZE = Tick size in points. With my brokers I typically see a value for MODE_SPREAD of 4, MODE_STOPLEVEL of 5 and MODE_TICKSIZE of 0.0001. If MODE_TICKSIZE is the tick size in Points then shouldn't MODE_TICKSIZE be reported as being 1 rather than 0.0001? It seems like MODE_TICKSIZE is being reported as being the ticksize in the quoted currency rather than the tick size in points. Regards, Laurence. Modifying a Position - Trade - MetaTrader 5 for Android Modifying a Position - Trade - MetaTrader 5 for iPhone Arrowed Line - Lines - Objects - Charts - MetaTrader 5 for Android Forex Trader 2008.02.19 11:11 #1 Yes. It is our error in description. Tick size is price (not points!) value. Thank You. Forex Trader 2008.02.19 21:46 #2 No problem New comment
For a typical symbol (say GBPUSD) MODE_POINT = 0.0001
In the MT4 programming documentation it says that...
MODE_SPREAD = Spread value in points.
MODE_STOPLEVEL = Stop level in points.
MODE_TICKSIZE = Tick size in points.
With my brokers I typically see a value for MODE_SPREAD of 4, MODE_STOPLEVEL of 5 and MODE_TICKSIZE of 0.0001.
If MODE_TICKSIZE is the tick size in Points then shouldn't MODE_TICKSIZE be reported as being 1 rather than 0.0001?
It seems like MODE_TICKSIZE is being reported as being the ticksize in the quoted currency rather than the tick size in points.
Regards,
Laurence.