What is the story of quot1 pipquot?
Results 1 to 5 of 5

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.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.