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Old 12-24-2005, 08:04 AM
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Pip Calculator in mt4???

Hi to all,

at first I want to wish all a merry christmas!

And then, I have a question! I would like to have a pip calculator for my money management! Is it possible to program something like this in mt4???
For my position sizing I use the fixed risk method... ...so I need to know the pip value of the different currencies! If I know my Initial Stopp and the max. risk value (in euro), I also need to know the pip value of the used currency to get my Lot-Size!
It would be a great help, if the pip calculator shows me the pip value of all currencies! So I don´t need to use my counter all the time!

May I ask for somebody to help me to programm this pip calculator???
It would be great!

Thanks a lot for all your help,

best regards,
dvp
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Old 05-24-2007, 08:53 PM
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I'm looking for something like this too.
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Old 05-24-2007, 09:56 PM
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Michel is on a distinguished road
This is what I use (account normal, leverage = 100, lots precision = 0.1):
PHP Code:
double GetLots()
{
   
double LotsPipValue;
   if(
UseMM)
   {
      
PipValue MarketInfo(Symbol(),MODE_TICKVALUE);
      
Lots AccountEquity() * Risk / (StopLoss PipValue 100);
      
Lots MathMin(Lots100);
      return(
NormalizeDouble(Lots,1));
   }
   else return(
1.0);

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Old 05-24-2007, 10:48 PM
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Thank you! I never knew what "TICKVALUE" meant.
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