what is the 4th digit behind the comma called?
And the 5th?
Do the digits 1-3 also have a name?
Forum on trading, automated trading systems and testing trading strategies
Trailer stop metatrader issue
Sergey Golubev, 2014.10.20 09:57
It depends on which broker: 4 digit (price) or 5 digit.
1.27631 - 1.27471 = 160 points or 16 pips
1.2763 - 1.2747 = 16 points or 16 pips|
Just open the chart (EURUSD for example) to see: you have 4 digit price on the chart or 5 digit
points == pips?
Sergey Golubev, 2013.07.13 13:12
pips = points in case of 4 digit broker, and 1 pip = 10 points in case of 5 digit broker ... some people say that we will have 6 digit brokers soon :) who knows ...
Many traders are using pips (4 digit points) irrespective of how many digits are having the broker at the price.