Pip Calculator in mt4???

davinciproject · #1 (**permalink**) 12-24-2005, 08:04 AM

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

ryanklefas · #2 (**permalink**) 05-24-2007, 08:53 PM

I'm looking for something like this too.

Michel · #3 (**permalink**) 05-24-2007, 09:56 PM

This is what I use (account normal, leverage = 100, lots precision = 0.1):

PHP Code:


			
double GetLots()

{

   double Lots, PipValue;

   if(UseMM)

   {

      PipValue = MarketInfo(Symbol(),MODE_TICKVALUE);

      Lots = AccountEquity() * Risk / (StopLoss * PipValue * 100);

      Lots = MathMin(Lots, 100);

      return(NormalizeDouble(Lots,1));

   }

   else return(1.0);

}

ryanklefas · #4 (**permalink**) 05-24-2007, 10:48 PM

Thank you! I never knew what "TICKVALUE" meant.