Quote:
Originally Posted by ralph.ronnquist
Perhaps "Point" tells what the price movement granularity is, which then for your EURJPY example would be 0.001, and not what the idea of "integral pips" (0.01) is? You can test that. If that's the case, you might need to use "(Point*10)" instead of "Point" in calculations.
Or perhaps you can simply accept that the "pips" they talk about are 1/10th of the "pips" you are used to? E.g., what happens to the "slippage" parameter to OrderSend? is that in the usual pips or in pipettes?
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Thanks for the response - I am not a coder so this is a bit foreign to me. I did try Point*10 and that made the spread reading 410 pips. I also tried Point/10 and that made the spread reading 4.0 pips which appears to be "rounding" off the actual number which should have been 4.1 pips.
I do have a script for sending orders that I had to modify using Point*10, but I cannot seem to get this spread reading correct.
I think this is going to become an issue for many Indicators, Scripts and EA's, as I have heard that many MT4 Brokers might be adopting the fractional pip concept on their platforms.
Any other advice would be appreciated.
Dan