How to convert price fraction to pips?

[drewinbrissie]

I have a calculated stop loss which is a price fraction (buy open - lowest low of last 5 bars). I want to convert this to pips to use in a move to breakeven block. How do I convert the price fraction to pips in a way that will work across all traded instruments (e.g. fx, index, CFDs)? I can't just multiply by 10,000 because that only works for USD based fx pairs.

Thanks Drew

[l'andorrà]

@drewinbrissie Just edit the pip size rules here:

You can add as many symbols as you need. All those values by default are used for forex symbols. You need to add indexes, CFD, etc.

[drewinbrissie]

Thanks for the reply @l-andorrà. I'm still not sure how I use these rules to convert a price fraction to pips for use as a SL. Do I use the Modify Variables block like this

[ambrogio]

@drewinbrissie Hello, use value as pips

and these are two forum's links to how to setup the pip size rules field

https://fxdreema.com/forum/topic/10681/take-profit-and-stop-loss-for-xauusd/2
https://fxdreema.com/forum/topic/10660/lot-size-calculation-issue-for-single-digit-after-decimal/3

[drewinbrissie]

@ambrogio Thanks, much appreciated