Update: I have managed to figure out my own mistake, after painful hours of reading articles, head banging, and doubting my existence. The articles on the MT crosshair state that the second value is a representation of points, and not pips, but I clearly commited a mistake by not reading over all of them. So if you are a beginner, take this as a word of advice, I paid with blood and sweat for this little mistake(mostly a lack of sleep). If you want to keep reading, feel free to, my mistake is also exemplified and explained in further detail.submitted by AlexSimply to Forex [link] [comments]
Hello guys, I have a really important and probably easy problem that I do not seem to be able to figure out. Today is the last day of the week, and I've been crunching forex tutorials for the past 5 days like a madman trying to understand as much as I can before my university year starts. But on the last day, I have a really frustrating problem:
I decide to buy EUUSD with a lot size of 0.01(micro lots)
Entry price: 1.0972 (I leave the pipette out, as I've learned that it is not so significant)
Take profit 50 pips above: 1.0972+ 0.0050 -These are 50 pips, I am totally sure of that ===> TP= 1.0972
HOWEVER: When I look at the chart with my crosshair and measure 50 pips, the TP= 1.0927 WTF? What am I leaving out from my calculations? I am sure someone more experienced could easily tell me what's wrong, but I don't get it, why does 50 pips equal 1.0927 instead of 72? The 4th number is 1 PIP, and the 5th is a pipette. So what's wrong? It says 50 pips equal a change in the 4th decimal, but that is impossible, right? The 4th decimal is 1 pip, not 10!!
If I was to speculate an answer, I would say that the 5th decimal in metatrader is considered 1 pip? But why? The 5th decimal is always a pipette, right??? But IF I MEASURE IT, a change in the 5th decimal equals 1 pip in the crosshair!
What's going on here? Is there something the tutorials did not cover? I can practically just change my calculation a bit but I wonder what is going on here? I've literally stayed up all night wondering why my orders were missing the SL and TP just to zoom out and see my take profit in heaven and the stop loss in the 9th circle of hell, right under my table. If someone could clear up as of what is going on, I would greatly appreciate it!
UPDATE: After bouncing back and forth a few articles, I have realized something extremely infuriating. The MT4 crosshair shows points, and they need to be divided by 10 in order to get the actual pips!
Reading the forexpeacearmy article, it first states that the second value are pips, and under it, it states that they are actually 90.1 pips and not 901 pips. This is something someone can very easily look over, mostly if they are a newbie!
Lot Size Calculator Indicator For MT4. In normal circumstances you would need to calculate yourself all of these values. However, there are also some indicators available that can do the job for you. In this article you can see the formula and how to calculate the Lot Size through MQL4 language if you are interested. No Downloads found Position Size Calculator is available for both MT4 and MT5, but the MT5 version looks differently and provides better functionality because the platform itself is more advanced. Interface Main tab. The main tab of the panel provides the primary control over the indicator's functions and serves to output the most important calculation results — position size, risk, reward, and risk-to-reward ... How to Use a Lot Size Calculator in MT4 and MT5. We are always on the lookout for tools that will help make trading easier, quicker and more efficient. In this post we look at how you can use a lot size calculator in MT4 and MT5 to quickly calculate the size of your trading position based on the information already in your Metatrader platform. MT4 Position Size Calculator is an easy and quick tool to Calculate the Position Size in MT4 and see the lot size and risk reward ratio. Position Size Calculator Indicator For MT4 is a great tool to easily calculate the position size for a trade . With Lot Size Calculator you can: Set your risk management preferences; Select the percentage of risk; Configure Stop Loss and Take Profit by points ... Risk can be controlled by proper positioning of the lot sizes in the forex market. This ashi indicator uses one other indicator as a collaborative tool that helps it to make more accurate results and give precise measurements of the risks in the trade. It uses the ATR indicator as a collaborative tool in the forex market. Forex Lot Size Calculator For Meta Trader 4. There are two different ... Lot size calculator Forex MT4 Download. Tool to quickly and easily calculate the lot size you must enter to risk x of your capital in percentage or money. Account Currency. Account Balance. Risk Percentage. Stop Loss in Pips (ex: 30 pips = 300 points) Currency Pair . Amount at Risk ... Forex Positionsgröße bestimmen: Lot Size Calculator Tool für MT4 .mq4 Download: Position Size Rechner für den Meta Trader 4 Anlässlich unseres neuen Tools, dem Position Size Calculator hier nun das direkte Indikator-Tool für den MetaTrader 4, was ich versprochen hatte.
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