Difference between 4 and 5 points decimal? | Forex Factory

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Difference between 4 and 5 points decimal?

  • #1
  • First Post: Nov 4, 2009 8:04am Nov 4, 2009 8:04am
Can any one explain in detail that what is main difference 4 and 5 digits after decimal?

Which one better to trade?

It looks like the broker with 5 digits have more money to make than 4 digits?

I want to develop an EA so I need this info. Which are best brokers of 5 digits and 4 digits.
  • #2
  • Nov 4, 2009 11:19am Nov 4, 2009 11:19am
Seriously, this has been done to death, use the search!
The breaking of a wave cannot explain the whole sea.
  • #3
  • Nov 4, 2009 12:10pm Nov 4, 2009 12:10pm
Quoting kijkij
Can any one explain in detail that what is main difference 4 and 5 digits after decimal?

Which one better to trade?

It looks like the broker with 5 digits have more money to make than 4 digits?

I want to develop an EA so I need this info. Which are best brokers of 5 digits and 4 digits.
Everything is moving to 5, so just go there now. And no, there's LESS money to make on 5 digits. But as the last poster said, Use the Search.
  • #4
  • Nov 4, 2009 12:37pm Nov 4, 2009 12:37pm
Quoting kijkij
Can any one explain in detail that what is main difference 4 and 5 digits after decimal?

Which one better to trade?

It looks like the broker with 5 digits have more money to make than 4 digits?

I want to develop an EA so I need this info. Which are best brokers of 5 digits and 4 digits.
The count of the numbers,

with 4 digits you will have 4 digits after the comma
with 5 digits you will have 5 digits after the comma

:-)
  • #5
  • Nov 5, 2009 8:37am Nov 5, 2009 8:37am
Quoting kaas
The count of the numbers,

with 4 digits you will have 4 digits after the comma
with 5 digits you will have 5 digits after the comma

:-)
Yes, I am a Coder and I know that.

I searched it but I could not find a specific answer.

Actually I want to ask that suppose in 5 digits I open a long position for pair gbpusd at 1.66755 and I close it at 1.66765. So how much pips I made? I know the difference is 10 and in my demo with Alpari-Us it gives me 10 pips and 10 pips with 1 lot are $10 but the question is these are real pips or just to show in demo? Because in 4 digits its equal to 1 pip!

I found a little strategy and applied it in my EA for 10 pips each trade and when I tested it in strategy tester I was amazed that more than 90 trades of 10 pips and all I won for the pair gbpusd.

So if any one clear my conclusion?
  • #6
  • Nov 5, 2009 9:01am Nov 5, 2009 9:01am
Quoting kijkij
Yes, I am a Coder and I know that.

I searched it but I could not find a specific answer.

Actually I want to ask that suppose in 5 digits I open a long position for pair gbpusd at 1.66755 and I close it at 1.66765. So how much pips I made? I know the difference is 10 and in my demo with Alpari-Us it gives me 10 pips and 10 pips with 1 lot are $10 but the question is these are real pips or just to show in demo? Because in 4 digits its equal to 1 pip!

I found a little strategy and applied it in my EA for 10 pips each trade and when I tested it...
The last decimal is ectually 1/10 of a pip, otherwise it was not possible to allow spreads of 0.9 pips.

Therefore a pip is still 1/1000 of the currency (except JPY).
  • #7
  • Nov 5, 2009 9:17am Nov 5, 2009 9:17am
Quoting kaas
The last decimal is ectually 1/10 of a pip, otherwise it was not possible to allow spreads of 0.9 pips.

Therefore a pip is still 1/1000 of the currency (except JPY).
Thanks, But then why Alpari-US shows it 10 pips?
  • #8
  • Nov 5, 2009 9:20am Nov 5, 2009 9:20am
Quoting kijkij
Thanks, But then why Alpari-US shows it 10 pips?
Because you cannot have 2 comma's in 1 number. (i think) i do not use alpari

so 1.45124 is actually 14512,4 pips
  • #9
  • Last Post: Nov 5, 2009 10:37am Nov 5, 2009 10:37am
Quoting kijkij
Thanks, But then why Alpari-US shows it 10 pips?
If they are doing that then they are misleading you. On purpose. Because...well, you figure it out.
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