Hi
Can somebody please help I am desperate for this answer.
Problem
How is my Demo account, working out the pip costing for a trade?
I need this for a spread sheet I am working on for my live account.
Details
Mt4 Platform with Alpari UK
Currency is GBP/JPY
Micro Account
Buy price is 212.51
Ask price is 212.58
= -7 pip spread
The trade is a buy at 0.06 lots
Account Leverage is 100:1
Balance = £2000.00
Equity = £1998.02
Margin = 60.00
Free Margin = £1938.02 (This is Balance minus margin, minus spread)
Margin Level = 3330.03%
Spread is currently at -7 Pips showing a cost of -£1.98
So -£1.98 / 7 equals -0.28285 per pip
Question
I believe the actual pip cost for micro account is 0.0929 per pip, I just don’t understand the relationship of this to the -£1.98 spread cost I have in the above details. How is this relationship worked out in meta-trader?
Sorry it’s long winded, but I need to know how this exactly works.
Thanks in advance
Peter.
Can somebody please help I am desperate for this answer.
Problem
How is my Demo account, working out the pip costing for a trade?
I need this for a spread sheet I am working on for my live account.
Details
Mt4 Platform with Alpari UK
Currency is GBP/JPY
Micro Account
Buy price is 212.51
Ask price is 212.58
= -7 pip spread
The trade is a buy at 0.06 lots
Account Leverage is 100:1
Balance = £2000.00
Equity = £1998.02
Margin = 60.00
Free Margin = £1938.02 (This is Balance minus margin, minus spread)
Margin Level = 3330.03%
Spread is currently at -7 Pips showing a cost of -£1.98
So -£1.98 / 7 equals -0.28285 per pip
Question
I believe the actual pip cost for micro account is 0.0929 per pip, I just don’t understand the relationship of this to the -£1.98 spread cost I have in the above details. How is this relationship worked out in meta-trader?
Sorry it’s long winded, but I need to know how this exactly works.
Thanks in advance
Peter.
“A setback is a setup for a comeback.”