Pips, as 5th digit calculated:
entry price - now price = 12.59500-12.56522 = 2978 pipette
then
P/L = PipValue*EarnedPips = 0.2/USDSEK * 2978 = (0.2/9.78600)*2978 = 60.86 USD.
Take USDSEK Ask price, since it is a short position.
it is a concise simple math! and most importantly reliable!
entry price - now price = 12.59500-12.56522 = 2978 pipette
then
P/L = PipValue*EarnedPips = 0.2/USDSEK * 2978 = (0.2/9.78600)*2978 = 60.86 USD.
Take USDSEK Ask price, since it is a short position.
it is a concise simple math! and most importantly reliable!
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