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How to Determine Symbol Settings

472 bytes added, 13:42, 1 November 2022
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Price Scale can be determined by plotting a chart.<br>
'''Example:''' Set Price Scale = 1/10000 and watch the prices on chart. If prices contain too much digits, remove the corresponding number of zeroes in the Price Scale value.
 
==== 2. Min. Movement: ====
The minimum price movement must be an integer.
==== 3. Big Point Value: ====
The correct Big Point Value depends on your broker account.<br>
'''Example:''' If the minimum lot size on your account is 1000, set up BPV = 1000, if it is 10000, then set up BPV = 10000 accordingly.
==== Note: ====
Min. Movement * Price Scale returns the smallest increment between trades.
<br> Min. Movement * Price Scale * Big Point Value returns the currency value of the smallest change in price.
<br> Knowing that you can calculate the correct values for symbol parameters.
<br> For example, ES symbol has the following parameters: Price Scale = 1/100; Min. Move = 25; BPV = 50; Currency = $
1/100 * 25 * 50 = 12.5
<br> The smallest change in price for ES symbol = $12.5
'''Example:''' If the minimum lot size on your account is 1000, set up BPV = 1000, if it is 10000, then set up BPV = 10000 accordingly.
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[[Setting_Properties|'''More info''']]
[[Category:FAQ]]

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