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    Pip value

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    • A
      avrahambr last edited by

      Hi!
      Introduction: Pip value is usually 0.001 of the currency. For example, @EURUSD, 1 pip=0.0001 USD.
      In JPY, 1 pip= 0.01 JPY.
      My question:
      I have been working with my EA that i created here about 2 months, and backtested it on MT4 strategy tester. I t worked well.
      Last week i backtested again, @ NZDJPY. I took 20 pips Stop loss, 20 pips Take profit, and risk=1% of account.
      My 20 pips of JPY became 20*0.0001=0.002 which is 2 points, and the trades were closed immidately after a change of 2 points.
      I wanted to backtest however and changed SL and TP to 2000 in order to get 20 real pips. But the the volume of the trade became smaller in order to keep 1% of the account.
      Anyone knows the reason of this problem? and the solution?

      Thanks,
      Avraham

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      • A
        avrahambr last edited by

        Thanks to anyone who wanted to help. This problem was solved when i backtested with control points and not every tick.

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        • fxDreema
          fxDreema last edited by

          I programmed it in such a way, so that the EAs doesn't care about the settings of the broker. Instead, it can use its own settings for how much is 1 pip for a given symbol. Look at the settings here:
          0_1525119628912_57fda709-8a2e-4162-952b-48fc37af0422-image.png

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          • A
            avrahambr last edited by

            Thanks. I hope i will know how to use it.

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            • E
              ellemitless @fxDreema last edited by

              @fxDreema so , on any pair , i just need to remove 1 decimal point to let fxdreema know that I want to use pip not points? . Like for gold 0.001 = 0.01?????

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              • l'andorrà
                l'andorrà last edited by

                Initiallyl yes. But do some testing before moving one because different brokers use different pip size on the same symbol very often.

                (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

                (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

                (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

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