Calculate 1 Pip value in money

[lwoodruff]

Hello! I am trying to get 1 pip value in money so that I can use it in a formula. How would I calculate this?

I don't want it to be a set value as I want to use it with multiple pairs.

[jstap]

@lwoodruff Not 100% sure but this will show you how to get Sl value, multiply is different for most pairs, should at least help you do something.

https://fxdreema.com/shared/u7XpQXSHc

[lwoodruff]

@jstap Thanks for the reply, I probably should've stated what i'm trying to do with it.
I'm trying to keep my TP the same (in pips) but make the profit a certain amount in money.

so for example my TP may stay 12 pips , but for one trade i may want that profit to be 400 and another for 100

[jstap]

@lwoodruff The principle fot TP is the sae as SL, you just have to use SL settings, the code in there will give you a money value, you could then multiply, save in a variable then use in close profitable trade block.

[lwoodruff]

Hi! I’m sorry but I’m not familiar with mql4 code at all lol.

Is there a way you can calculate this using fxdreema blocks? I’m not sure what I’m looking at

[jstap]

@lwoodruff No but this will be very similar on MT5, create a project and if not working add the shared link here.

[lwoodruff]

@jstap Thank you! I was able to calculate it