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Show pip value in MT4? Show pair in an enlarged window?

  • #1
  • First Post: Apr 3, 2008 2:42am Apr 3, 2008 2:42am
Is it possible to show the dollar-value of a pip in MT4?

Also, is it possible to show the pair in a window similar to the one shown in the bid/ask spread section of babypips (see this page). I liked this display when trying out FXCM but I'm trying to move to MT4 instead since it seems to be much more popular.

Thanks,

Forexwindo
  • #2
  • Apr 3, 2008 11:26am Apr 3, 2008 11:26am
showing the dollar value (I guess you want to know how much each pip is worth) would require an indicator to be built. There is no way in MT4 to do this for you.

The bid ask window that you are talking about is also not programmed into mt4. It could be done with an indicator also. I do not know of one that has been programmed already.
  • #3
  • Apr 3, 2008 9:35pm Apr 3, 2008 9:35pm
Thanks magnumfreak,

Can you point me to indicators that draw windows / display graphics so I have a starting point to create the bid ask window I mentioned?

Forexwindo
  • #4
  • Apr 4, 2008 7:20am Apr 4, 2008 7:20am
You mean something like...

Quote
spread=MarketInfo(Symbol(),MODE_SPREAD);
pipValue = MarketInfo(Symbol(), MODE_TICKVALUE);
Comment("Spread: " + spread + " PV: " + pipValue);

As an indicator? Don't see why that'd be hard.

Why do you want a separate window? I don't think MT4 can do windows or advanced graphics.
  • #5
  • Apr 5, 2008 12:28am Apr 5, 2008 12:28am
I would like the graphic/window for a few reasons..

- more aesthetically pleasing, along the same lines of GUI in general
- compact; it would be nice to leave a window in the corner of the screen and minimize the main MT4 windows
- larger fonts; helpful if viewing the screen from a distance

But if it's not possible I'll forget about all those things I guess
  • #6
  • Apr 5, 2008 1:01am Apr 5, 2008 1:01am
mt4 can't do separate windows. All charts must be a part of the main window. However, you could run 2 instances of mt4 and have one for the indicator you wanted and one for regular charting.
  • #7
  • Jun 11, 2009 9:35am Jun 11, 2009 9:35am
Quoting Rabid
You mean something like...

Quote
spread=MarketInfo(Symbol(),MODE_SPREAD);
pipValue = MarketInfo(Symbol(), MODE_TICKVALUE);
Comment("Spread: " + spread + " PV: " + pipValue);

As an indicator? Don't see why that'd be hard.

Why do you want a separate window? I don't think MT4 can do windows or advanced graphics.
It should be:
Quote

double pipValue = MarketInfo("USDJPY", MODE_TICKVALUE) * Point;
Comment("Pip Value in USD: " + pipValue);
Isn't?
just in case the deposit money wasn't in USD
  • #8
  • Last Post: Jun 11, 2009 6:08pm Jun 11, 2009 6:08pm
Quote
just in case the deposit money wasn't in USD

Nod. But don't multiply it by point.
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