Custom PRICE FRACTION
-
Hi guys , i am just a little bit confused about Price Fraction
On Custom Value , PIPS and use price fraction , does it mean it is pips by pips?
Example If I enter 20 pips using price fraction does it mean 20 pips exactly or 0.20 (depends on pair decimals)
Should I use Numeric , Pips exact or Pips fraction
Consider That I trade pairs that in decimal.
-
Price Fraction is for calculating distances (for example based on indicator values) not for using absolute values (n pips).
-
@MT4Nutzer i am using check distance block sir , and The distance should be inrange for my min and max sl. So for the distance , should I use numeric value only??? Or pips?
-
fraction --> pip. pip --> fraction
Need conversion:
fraction/pip size = pip size
pip * pip size = fraction -
@ellemitless just for example, different ways for the same stop loss
-
Guys for example on Gold. I need to put 2000 on SL Fix Pips to have 20 Pip SL. I want to know if I can put 20 without using pip multiplier
-
@ellemitless just fill out this pip size rules
-
@ambrogio sorry sir i don't quite get this. Lets have gold as an example. Pip Multiplier for gold is 100 right? so 0.001 should be equal to 0.1 if we follow the multiplier rule for pip right???
or i am not getting this? haha can you please explain sir. thanksssss.
-
@ellemitless please, forget about multiplier. What we have to do is recognize what digits is the pip. Metatrader always shows us the point as the last digit, so the pip digit is the one just before.
XAUUSD 3327.62 , the 2 as last digit is the point value, then the 6 is the pip value
so the rule for XAUUSD is 0.01 = 0.1
XNGUSD 3.225 , the 5 as last digit is the point value, then the 2 (the one just before 5) is the pip value
so the rule for XNGUSD is 0.001 = 0.01
By filling out the pip size rules as i show you above, your project works fine on every instrument. Eg.: stop loss 50 pips means 50 pips. Try it and let me know
-
@ambrogio ohhh I see. thank you so much sir!!! So technically i just to remove 1 decimal point to convert it to pip on pip size rules? Thank you!
-
