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Pip Calculator in mt4??? Pip Calculator in mt4???
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Old 12-24-2005, 07:04 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 donīt 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, 07:53 PM
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I'm looking for something like this too.
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Old 05-24-2007, 08:56 PM
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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);
} 
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Old 05-24-2007, 09:48 PM
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Thank you! I never knew what "TICKVALUE" meant.
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