Pip Value

Is $100.00 a pip the highest permitted through an online broker?

Short answer is no, $100 per is not the max. Long answer is like most things in Forex, it depends. Max order size will vary with your broker, time of day, and what pair(s) you wish to trade. Since this question is in the Rookie Talk note that NOT all pairs are $10 per pip, per standard lot. There should be a coversion calculator on your broker's web site to find the curent value for cross pairs.

the general equation for pip value is:

pip value = 10 * lots * XXX.DDD

lots: size of your position
XXX: Quoate currency in your secureity
DDD: your account currency
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example-1: you entered 0.12 lot on GBPUSD. and your deposit currency is USD.
XXX=USD
DDD: USD
XXX.DDD = USD.USD = USD/USD = 1
pip value = 10 * lots * USD.USD = 10 * 0.12 * 1 = 1.2 USD



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example-2: you entered 5.72 lot on EUR.AUD. and your deposit currency is USD.
XXX=AUD
DDD: USD
XXX.DDD = AUD.USD --- the price of AUD.USD
pip value = 10 * lots * AUD.USD = 10 * 5.72 * AUD.USD = 57.2 * AUD.USD = ? ? ? ?




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example-3: you entered 3.33 lot on GBP.CAD. and your deposit currency is USD.
XXX=CAD
DDD: USD
XXX.DDD = CAD.USD = 1/USD.CAD ----- since there is no pairs called CAD.USD. we only know USD.CAD
pip value = 10 * lots * CAD.USD = 10 * 3.33 / USD.CAD = 33.3 / USD.CAD = ? ? ? ?

The Australian-based br0kers that I've used allow, at least in theory, 100 lot positions. Running the SystemInfoDump.ex4 script will tell you the max lots your br0ker offers (see line 27 of the output file). Latest version of the script is attached below; more info on this script here.

Hence in theory, if you're trading at $10/pip/full lot, that would equate to $1,000/pip. Running the DisplayInfoAllPairs.ex4 indicator will tell you the $/pip for each currency pair (the 3rd column from the right, if you use the default parameters. Latest version of the script is attached below; more info on this indicator scattered throughout this thread). Then multiply this value by the max allowable lots, to get the max $/pip that's theoretically tradable for that pair.

However, at this level, you could potentially encounter slippage, depending on factors like br0ker, pair being traded, available liquidity at that time of day, .....
You could PM dancingphil for more info, he apparently trades 100 lot positions frequently. I believe that one of the br0kers he uses is Pepperstone.

You could also ask other MT4 br0kers (list here).

this also could help, there are two colums for max lot and min lot --- and for pip value

Thanks everyone.

Pip Value is a kind of "fixed" variables in forex (sorry for pun). For all pairs (except X/JPY) it remains STANDARD - 1/10000th of the lot size. For XJPY pairs it is 1/100th.
Pip Value depends on lot size only.
Pip Value doesn't depend of leverage
EUR/GBP 1 lot - pip value is 10 GBP
EUR/AUD 5 lot - pip value is 50 AUD
If you want to know pip value in USD just divide it by the rate of X/USD.
That's it.

Great info boys, I'll check it.

Thanks to everybody!!!!!!!!

Yeah, thanks a whole lot for the info!

https://www.mataf.net/en/tools/04-02-pip-value

it is wrong values dear.

you can put the amount in the field to get your pip amount

Would the pip value increase if you are trading in the base instead of another currency?