Thread: Pip value calculation?

Can someone answer a question for me....its been my perception that:

The pip value is as follows;
1 lotsize = $100K = $10 per pip
0.1 lotsize = $10K = $1 per pip (lowest in my mini)
0.01 lotsize = $1K = $0.10 per pip (lowest on my micro)

Is it feasible for another broker to get differant values?

I ask because in testing a EA on a micro account, the recommended size is 0.01 which is the cheapest in my account. There is currently a DD of $ 11,000 pips or $1100. The inventor of the EA claims the DD needs to be only $110 despite our preferences being indistinguishable. He utilizes IBFX and I use FXDD.

I dont buy it

Fortunately I could bond on this DD and still make $400 because he said its potential to get 250,000 pip DD which would ruin my account but only be $2500 on his. It never occured to me that we might have different pip values from different brokers.

Everybody?

Originally Posted by ;

Can someone answer a question for me....its been my perception:

The pip value is as follows;
1 lotsize = $100K = $10 per pip
0.1 lotsize = $10K = $1 a pip (smallest on my mini)
0.01 lotsize = $1K = $0.10 per pip (smallest on my micro)

Is it possible for a different broker to get differant values?

1 lot = 10 per pip if you are using USD and trading xxxUSD. So for EURUSD, GBPUSD, AUDUSD, NZDUSD this could be true. But USDCHF would be $8.84 in the present time.

Pip value varies considerably between $6 to $15 for the major currencies. It is contingent on the value of the currency at the moment.

In case your deposit currency isn't USD, then none of my calculations are right. Do a bit of research and you will discover how to calculate.

E.g
xxxGBP will be $14.84 in the moment.
XxxAUD will be $7.15 in the moment.
XxxCHF will be $8.84 in the moment.
XxxJPY will be $9.97 in the moment.
XxxCAD will be $8.13 in the moment.

*It fluctuates based on the value of the currency and the above are all for 1 lot traded.

I think you missed my general question...I am not talking about the currency value but also the different pip value at different brokers for the exact same currency.

In my FXDD/FXCM accounts
Within my mini account--0.10 = $1 per pip for eurusd
Within my micro account--0.01 = $0.10 a pip for eurusd

On this other persons account in IBFX
0.10 = $0.10 each pip for eurusd
0.01 = $0.01 per pip for eurusd

His broker is having a worth 10x less than my brokers....is that regular?

I believed some micro account, that trades a 0.01 lot as its smallest amount would be worth the same dollar value at every broker....same for mini accounts.

Originally Posted by ;

I think you missed my overall question...I am not discussing the currency worth but the different pip value at several brokers for that same currency.

On my FXDD/FXCM accounts
On my mini account--0.10 = $1 per pip for eurusd
On my micro account--0.01 = $0.10 per pip for eurusd

On this other men account in IBFX
0.10 = $0.10 per pip for eurusd
0.01 = $0.01 per pip for eurusd

His broker is using a worth 10x less compared to my brokers....is that regular?

I thought some micro account, which trades a 0.01 lot as its lowest amount would...

This deals with account kinds.
E.g IBFX possess a typical account where 1 lot is $10 for xxxUSD,
but they also have a mini account where 1 lot trades $1 for xxxUSD.

This means that about the mini account should you trade 0.01 lot each pip is worth 1 penny.

A pip is described as the smallest increment that was tradable. When brokers began offering fractional pips (5th decimal or 3rd decimal for JPY pairs) the value of a pip changed but not all of brokers respected the definition. Some brokers call a pip 0.0001 and some call it 0.00001. The main point is that you have to know how your broker defines a pip.

Hello,

Originally Posted by ;

1 lot = $10 per pip if you're utilizing USD and trading xxxUSD. So for EURUSD, GBPUSD, AUDUSD, NZDUSD this could be true.

a. If I trade 100,000 EURUSD (1 std lot), then a pip is $10.00 gain and
b. If I trade 100,000 NZDUSD (1 std lot), then a pip is $10.00 too.

Nevertheless:
a. For 100,000 device EURUSD, my USD equivalent is = 100,000x1.3350 (EURUSD rate on 5May09) or USD133,500 is needed.

B. For 100,000 unit NZDUSD, my USD equivalent is = 100,000x0.5760 (NZDUSD rate on 5May09) or USD57,600 is needed just.

this manner, if I trade 1 std lot of NZDUSD, I just should finance USD57,600 from my account (presuming no leverage) but EURUSD would need USD133,500 - for the identical gain per pip of $10.00. Is that correct?

Regards,
Toyogo

Originally Posted by ;

Hi,



a. If I trade 100,000 EURUSD (1 std lot), then per pip is $10.00 profit and
b. If I trade 100,000 NZDUSD (1 std lot), then per pip is $10.00 too.

Nevertheless:
a. For 100,000 device EURUSD, my USD equal is = 100,000x1.3350 (EURUSD rate on 5May09) or USD133,500 is needed.

B. For 100,000 unit NZDUSD, my USD equal is = 100,000x0.5760 (NZDUSD rate on 5May09) or USD57,600 is needed just.

this way, if I trade 1 std lot of NZDUSD, I just need to fund USD57,600 from my account (presuming no leverage) however EURUSD would require USD133,500...

The first currency is the base and the second currency is your quote or counter. When you trade a standard lot you are buying (or selling) $100,000 of the base. To accomplish this, you borrow as much of this counter currency as necessary to get your base to $100,000.

Both of your examples are correct. Anything ending in USD is $10/pip when you trade s contract.

How do I ascertain that the pip value of a normal lot that doesn't include USD but the foundation equilibrium is in USD?

For instance, given that the values below, how do the pip value of GBPCAD be calculated?

Pair: GBPCAD
Price: 1.78202

Pair: GBPUSD
Price: 1.50624

Pair: USDCAD
Price: 1.1829

this should work I think
https://www.forexsoutheast.asia/atta...9695457629.mq4

Originally Posted by ;

How can I determine the pip value of a standard lot that doesn't include USD but the base balance is in USD? By way of instance, given the values under, how can the pip value of GBPCAD be calculated? Pair: GBPCAD Price: 1.78202 Pair: GBPUSD Price: 1.50624 Pair: USDCAD Price: 1.1829

1.10 GBP
2.10GBP
3.10 USD

Actually your broker must have comparable webpage https://www.hotforex.com/en/trading-...ils-forex.html. Assess column. No requirement for calculations. .