what are u saying with the use of 'point' | Forex Factory

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what are u saying with the use of 'point'

  • #1
  • First Post: Jan 26, 2011 7:16am Jan 26, 2011 7:16am
apologies for this noob question, but im seeing the use of the "point" constant in a lot of code and for some reason im not getting its use.

MQL doc just says: "The current symbol point value in the quote currency."

The example:
Inserted Code
OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point);

What does this actually mean ?


Thx
  • #2
  • Jan 26, 2011 7:18am Jan 26, 2011 7:18am
Quoting pipmyride
apologies for this noob question, but im seeing the use of the "point" constant in a lot of code and for some reason im not getting its use.

MQL doc just says: "The current symbol point value in the quote currency."

The example:
Inserted Code
OrderSend(Symbol(),OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point);
What does this actually mean ?


Thx
It is the smallest denomination of a value for the currency. for a 5 digit quote the point would be 0.00001 for a 4 digit quote the Point would be 0.0001

So it you want to convert a price quote to a whole number for example you could use Close[0]/Point
or if you wanted to convert the input 20 pip stop loss to the actual value you would use 20*Point and either subtract or add that result to your price for the stop loss.
  • #3
  • Jan 26, 2011 7:24am Jan 26, 2011 7:24am
ahh u are the master ... thank you.

another question for u - is there any resources out there to really master mql ? im doing ok fiddling with code, but if i wanted to take it to the next level, have u got any suggestions ?

Thx again
  • #4
  • Jan 26, 2011 8:32am Jan 26, 2011 8:32am
Quoting pipmyride
another question for u - is there any resources out there to really master mql ? im doing ok fiddling with code, but if i wanted to take it to the next level, have u got any suggestions ?
I have been wondering the same thing. Since I have 0 programming experience I have been working my way through this tutorial on C++ which I have read is similar to mql. Basically just trying to get my feet wet.

From my understanding, mql5 is a total rewrite from mql4 which is why indi/EA's wont automatically work so after C++ I plan on learning the mql5 language.

Any suggestions are appreciated!
  • #5
  • Last Post: Jan 26, 2011 11:33am Jan 26, 2011 11:33am
Codersguru wrote the course on MT4 and he is a member of Forex Factory. Send him an email I am pretty sure the course is free.

Edit, I found it
http://www.forexfactory.com/showpost...71&postcount=4
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