Say I make this trade (disregard spread for simplicity):
10:00EST 2 lots long EURUSD @ 1.4750
10:05EST 1 lot sell EURUSD @ 1.4760
10:10EST 1 lot sell EURUSD @ 1.4770 (all positions closed)
Profit is $300. Pips are 10 on the first sell and 10 again on the next, for a total of 20 pips. However, because I had 2 lots, should the total pips be 30, which aligns with my profit?
10:00EST 2 lots long EURUSD @ 1.4750
10:05EST 1 lot sell EURUSD @ 1.4760
10:10EST 1 lot sell EURUSD @ 1.4770 (all positions closed)
Profit is $300. Pips are 10 on the first sell and 10 again on the next, for a total of 20 pips. However, because I had 2 lots, should the total pips be 30, which aligns with my profit?