US30/DOW Jones spread/Pip confusion
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Hey guys the points to pips stuff is really confusing me. My US30 chart says the spread is 197 points, does this translate to 19.7 pips? or is it 1.97 pips? When I run my strategy tester and select the spread to 'current' on visual mode my spread display says 2.00. Does anyone know EXACTLY how to figure out my spread in pips? I'm hoping my spread is 2 pips not the 19.7 pips. My trading bot does fantastic at 2 pips but complete trash at 20 pips.
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Possibly but this depends on your broker, forex is *10 but indices are not so simple, if you drag the cross hair you will get the number to use.
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@jstap Drag my crosshair where?
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Across the screen, this way you will see what distance = what points
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@jstap I did this and I get 197 points. Where the question is does that convert to 19.7 pips or 1.97 pips. I need to know what to set my Point rule to as this affects drastically how well my bot does. I rely on what this spread says on the chart during my Strategy tester. Should it display 1.97 or 19.7?
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. Should I set my Rule to US30 = 0.10 or to 1.0? Thanks for your help.