Manipulating Pips, Price Fractions and Price Levels

[nbathan]

Hi guys, kindly educate me on this please. I have always been struggling on the correct usage of Pips as "value as is" and " as price fraction." Please enlighten me if my understanding is correct. Here are my questions:

1. If I have a constant "SL_Gap" with a value of 20 points and I want to get the price level of candle 1 low minus SL_Gap, then store to variable SL_Level_Calc, is this how I do it?

2. Then if I want to get SL_Distance_Calc as Ask price minus SL_Level_Calc, is this the way to do it or the the right operand needs to be Value -> Numeric?

3. The way I understand it, Value -> Pips -> As price fraction would convert Points Value to Price Fraction. So what is the use of Value -> Pips -> This value As Is? Wouldn't that be just the same as Value -> Numeric?

Thanks in advance!

[jstap]

Run this on backtest and it will show you the difference, Ask and candle price are the price on the right of your chart, so it would be a price fraction: https://fxdreema.com/shared/6enAvYGOb

[nbathan]

@jstap Thanks! Great advice. I can always output calculation results as comment and back test to see if I'm getting the values I need.

[jstap]

@nbathan