+1 888 340 6572 

MultiCharts Project Management


Previous issue Go to previous issue   Go to next issue Next issue
MC-298  -  Pip definition when using 1/10 pip broker Posted Apr 21, 17:49
Last updated Jun 14, 09:31
Product MultiCharts
Edition(s) Standard Edition
Issue type Feature Request
Posted by
Stratman
Status
 
Confirmed
Category Not determined
Severity Critical
Targetted for
This issue has no target milestone
 Votes
9
Reports
Affected by this issue Status Confirmed
7 (7.0.0)
 
Not determined
8.0 (8.0.0)
 
Not determined
Brokerage and Execution
 
Not determined
Description and details
MC considers the value of a pip as the last digit after the decimal point, which is absolutely false when the data are expressed with a precision of 1 / 10 pip.
Consequently, all functions using the concept of pip, are all unusable.
http://www.multicharts.com/discussion/viewtopic.php?f=1&t=8495
How to reproduce
Use a broker / data provider with 1/10 pip data

Create a chart using a resolution in points, then you have to multiply by 10 the initial value of the desired resolution. Example: You want a resolution of 10 points, then you need to enter 100 points to obtain a real 10 points graph...

Enter a trade position and then attach an 'Exit Strategy' (Master Strategy, Stop Loss, Profit Target, etc...) that you want to set in pips, then you must multiply the number of pips per 10. Example: You want to attach a Stop Loss strategy with a value of 30 pips, so you need to enter 300 pips...
And if you enter 30 pips, then your Stop Loss will be executed at 3 pips

Enter a trade position and the go to Order & Position Tracker in order to 'Change Limit Price'. You will see that "+1 Pip" is actually '+0,1 pip', which is not usable.

Etc, etc, etc, ...
Comments and discussion
Issue progress updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  Jun 14, 09:31
This issue's status has been changed to 'Confirmed'.
Issue updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  Jun 02, 09:58
This issue's description has been changed.
Issue updated
Posted automatically on behalf of Admin (administrator),  Jun 01, 09:58
This issue is no longer targeted for MultiCharts 7.0 Release Candidate.
Issue updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  May 31, 09:27
This issue is targeted for MultiCharts 7.0 Release Candidate.
Issue progress updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  May 27, 11:36
This issue's status has been changed to 'Under Review'.
Untitled comment
Posted by Nick (Nick),  May 24, 04:49
Just wondered how this can be anything other than critical? Studies just do not work at all on spot FX with this bug.
Issue progress updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  May 16, 13:49
This issue's status has been changed to 'Confirmed'.
Issue updated
Posted automatically on behalf of Stan_MultiCharts (Stan_MultiCharts),  May 16, 13:49
This issue's type has been changed to 'Feature Request'.
Issue progress updated
Posted automatically on behalf of Andrew MultiCharts (Andrew MultiCharts),  Apr 26, 06:47
This issue's status has been changed to 'Under Review'.