Calculate Forex Pip Value [SOLVED]
Calculate Forex Pip Value
How can I calculate the forex pip value. I tried with big point value, min move, price scale and just can't seem to get it right.
- Angelina MultiСharts
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Re: Calculate Forex Pip Value [SOLVED]
Hello mcjohn,
Min.Movement * Price Scale * Big Point Value is the price of 1 tick in the secondary currency of the Forex pair.
Min.Movement * Price Scale * Big Point Value is the price of 1 tick in the secondary currency of the Forex pair.
Re: Calculate Forex Pip Value
Thanks, however, that did not get me what I was looking for. For example, if there is a 10,000 size lot of EURUSD the value of a pip is $1.00. Using the formula above it returns a value of 100,000.
- TJ
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Re: Calculate Forex Pip Value
Thanks, however, that did not get me what I was looking for. For example, if there is a 10,000 size lot of EURUSD the value of a pip is $1.00. Using the formula above it returns a value of 100,000.
You have to change the symbol's Big Point Value in the QuoteManager.
Re: Calculate Forex Pip Value
What should it be? I was with tech today in live chat / team viewer and the BPV was set "correctly" to produce accurate P/L of open positions. Also, these will be different for most pairs. For example, the USDJPY at 10,000 would be $0.90 at this time. It seems that there should be an easier way.