Argue for your limitations, and sure enough, they're yours. Richard Bach
My Fix Plan: SL 20 pips & TP 5 pips 4 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Flappy Pips - How to keep your hard earn PIPS 7 replies
I lose 40 pips and win 6 to 10 pips... 17 replies
spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
DislikedHow'd you get the profit to read in pips instead of dollars? I'd like to switch my own setup to be that way.Ignored
DislikedSome people prefer to know how many pips they are up because a dollar amount is psychological.Ignored
DislikedJust for clarity, MT4 doesn't show "pips" in that column, but 'points'.
There's 10 points to a pip.
1 point could also be called a "pipette".
So if you select 'points' to be displayed, and you see "22" it means 2.2 pips in profit.
I always keep my terminal showing points instead of a dollar amount. Helps keep the trade in prospective.Ignored
DislikedI also like the calculation of pips instead of dollar. It can help traders psychologically if they see that they profit more pips than loss in a particular day whatever the profit in dollar. It can help the trader to have confidence.Ignored