Pip Value

[Rafik]

Hello all,

Is there a block or a function in fxDreema to calculate pip value in USD for the current symbol?
And that it works when:

• USD is the base currency
• USD is the quote currency
• For cross pairs (pairs that do not contain USD)

Thanks a lot in advance!
Have a great day!

[l'andorrà]

@Rafik You can use this:

However, you will only provide the base currency value. If you need any other value you will need custom code.

[Rafik]

Hello l'andorra,

Thanks for your answer!
I am afraid though that money per tick is not the same as the pip value, a tick is not a must to move one pip.
Also, pip value is always in quote currency, it cannot be calculated in base.

So, is there a function that gives me the pip value.

(It is already used in some cases, like when we adjust take profit to be x amount of pips )

Thank you

[Rafik]

I mean, can I do something like:
If the take profit was = x pips, what would have been the profit in currency (either base or quote)?

[jstap]

The code is in downloaded mq files, but to use you would have to strip out and add to custom code

[Rafik]

Thanks, Jstap!

[MT4Nutzer]

Which pip value will used with this settings (picture)?
The lot size of 1% works correct with XXXUSD pairs but EURGPB trades will calculate is USD pip value too (account currency is USD).
What is the best way to calculate with the symbols right pip value?