Chart Pip value confusion | Forex Factory

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Chart Pip value confusion

  • #1
  • First Post: Mar 9, 2015 8:08pm Mar 9, 2015 8:08pm
Hello all,

I have a demo account at ATC and I'm totally confused as to chart pip increment value. ATC is of no help, so someone please educate me?!

1 micro lot (1000 contract) = $0.10
1 mini lot (10,000 contract) = $1.00
1 standard lot (100,000contract) = $10.00

The above I understand, BUT:
When I purchase 1 Mini Lot (0.10) (MTABroker/MT4) each pip movement on the chart is only $0.10, should it not be $1.00 with each pip movement??

Thank you in advance!!
K58
  • #2
  • Mar 9, 2015 9:19pm Mar 9, 2015 9:19pm
I think I found my answer!

Since we are dealing with 5 digits (most currencies), and a tick increments, so 10 ticks equals a pip.

When I use the cross-hair, I'm getting a measurement in ticks?! So I must divide this number by 10 to get the pip value, correct?!

Thanks.
  • #3
  • Mar 22, 2015 4:54am Mar 22, 2015 4:54am
Quoting Karado58
I think I found my answer! Since we are dealing with 5 digits (most currencies), and a tick increments, so 10 ticks equals a pip. When I use the cross-hair, I'm getting a measurement in ticks?! So I must divide this number by 10 to get the pip value, correct?! Thanks.

Yup, you are right.
On 5 digit brokers, 10 pip movement = 100 tick movement, but you see a tick movements, not pip.

Therefore, if you will trade 1.0 lot every pip movement will be equal to 1$, but every tick movement will be equal to 10 Cent.

Hope you'll understand.
Stay Hungry Stay Foolish
  • #4
  • Mar 22, 2015 5:42am Mar 22, 2015 5:42am
Pip = Percentage in Point (refer Google.com)
So anything below pip is point.

tick not equal to pip.
The only winner is the one who survive the longest...
  • #5
  • Mar 24, 2015 3:40am Mar 24, 2015 3:40am
Quoting Karado58
I think I found my answer! Since we are dealing with 5 digits (most currencies), and a tick increments, so 10 ticks equals a pip. When I use the cross-hair, I'm getting a measurement in ticks?! So I must divide this number by 10 to get the pip value, correct?! Thanks.

That is correct, well done in being pro active and finding it out yourself!!
  • #6
  • Last Post: Apr 13, 2015 1:49am Apr 13, 2015 1:49am
Quoting Karado58
Hello all, I have a demo account at ATC and I'm totally confused as to chart pip increment value. ATC is of no help, so someone please educate me?! 1 micro lot (1000 contract) = $0.10 1 mini lot (10,000 contract) = $1.00 1 standard lot (100,000contract) = $10.00 The above I understand, BUT: When I purchase 1 Mini Lot (0.10) (MTABroker/MT4) each pip movement on the chart is only $0.10, should it not be $1.00 with each pip movement?? Thank you in advance!! K58
Remember pip value depends and changes with different pairs, lot sizes and fx rates.

I've developed this calculator, have a look. Macros must be enabled as the tool imports the latest fx rates for the pair selected, then calculates the pip value based on pair, lot size and even your margin requirement for the leverage you have selected.
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