The best way to calculate pip and point that works on all instrument

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The best way to calculate pip and point that works on all instrument

The best way to convert stop loss / take profit / lot size calculation based on points / pips that works on all instruments (forex major / minor / exotic pairs, indices, gold, silver, crypto, stock, synthetic etc ). MT4 and MT5.
Rudy Tanureja shared this idea

3 thoughts on “The best way to calculate pip and point that works on all instrument”

  1. There is no definition for pip, it is a colloquial term that originally referred to one point. The definition of point has also been corrupted by Metaquotes. Point originally referred to one percentage point of the smallest currency unit. Metaquotes, being basically clueless, allowed developers with no market knowledge to simply redefine everything and even their definitions are inconsistent.

    In Metatrader land a point is usually the last decimal place but there is just a standard function to get point size.

    For the conversions, I can show how to do that.

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3 thoughts on “The best way to calculate pip and point that works on all instrument”

  1. There is no definition for pip, it is a colloquial term that originally referred to one point. The definition of point has also been corrupted by Metaquotes. Point originally referred to one percentage point of the smallest currency unit. Metaquotes, being basically clueless, allowed developers with no market knowledge to simply redefine everything and even their definitions are inconsistent.

    In Metatrader land a point is usually the last decimal place but there is just a standard function to get point size.

    For the conversions, I can show how to do that.

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