Name of digits?

[Christian Schuller]

Hi,

what is the 4th digit behind the comma called?

And the 5th?

Do the digits 1-3 also have a name?

[Sergey Golubev]

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.

Example:

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

Forum on trading, automated trading systems and testing trading strategies

points == pips?

Sergey Golubev, 2013.07.13 13:12

• for example (in case of 5 digit broker): buy at 1,30305 and take profit at 1.30605. Profit is 30 pips, or 300 points.
• the other example (in case of 4 digit broker): buy at 1,3030 and take profit at 1.3060. Profit is 30 pips, or 30 points.

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.

How are transactions copied if the Provider has 4-digit quotes for a Symbol and the Subscriber has 5-digit quotes for the same Symbol or vice verse?
All transactions copied to the Subscriber's account are executed at current market prices considering the deviation set in the terminal settings and contract specification of the given symbol. Thus when copying deals the number of digits doesn't matter

.