candle size count in pips
-
guys a piece of information, I created a bot based on the size of the pips of the candles. On XAUUSD for example 10 pips are counted as 100. I would like to know about BTCUSD and the indices, how are they calculated? Thanks
-
Trial and error on a demo account
-
I don't understand what you mean. I just want to know how to make the bot understand how much 10 pips is (for example, on gold I have to write take profit 100 which would be 10 pips essentially). I want to understand why I have to write 100 instead of 10 pips.
-
Calculations can vary a lot from one broker to another, especially with indices.
The only reliable way to know how a particular broker calculates pips, points, and lot sizes is to do your own testing by opening positions and seeing what happens.
Unless you are very courageous and ready to make costly mistakes, test on a demo account of the broker you use.
