What is the story of quot1 pipquot?
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Thread: What is the story of quot1 pipquot?

  1. #1
    Which is true?
    (A) 1 pip = Point
    (B) 1 pip = 0.0001

  2. #2
    1 pip = 0.0001 (or 0.01 for yen pairs)

    Stage (in mql4) will be addressing 0.0001 or 0.00001 (0.01 or 0.001) depending on the value of Digits.

    1 pip = 10 pipettes or 0.00010 (0.010) on 5/3-decimal MT4 platforms.

  3. #3
    Right, I will take ur announcement 1 pip = 1 Stage...

    Assume somebody says they're on the lookout for 45 pips profit... Does that imply its $45 profit using a 4-digit broker and $4.5 using a 5-digit broker?

    Although it sounds too simple, I am not sure why there is so much confusion around it...

  4. #4
    45 pips is 45 pips. The excess digit on some brokers is a fractional pip.

    You cannot state that 1 pip is 0.0001 because for yen pairs 1 pip is 0.01

  5. #5
    Quote Originally Posted by ;
    Which is true?
    (A) 1 pip = Point
    (B) 1 pip = 0.0001
    Common sense suggests to me (B) is correct. 1 pip is 0.0001 (or 0.01 to get JPY-pairs).

    For those who have a 50 pip stoploss, for instance, it means 0.0050 (or 0.50 to get JPY-pairs), whatever the amount of decimals in the broker quotes.

    Would you change your SL/TP strategy simply because the broker quotes have an additional decimal location? Of course not.

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