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Published:

2016.05.30 14:25

Updated:

2016.05.30 17:44

Pips_to_Points_Conversion_Factor.mq4 (1.25 KB) view

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Explanation: This is a conversion factor. It is used to detect whether broker is 4 or 5 digits. As MetaTrader 4 calculates everything using point basis, coder can use this function to convert pips to point for machine reading.

E.g.: If you want to set stop loss of 50 pips for 5 digit broker, refer to this function by convert it to 500 points for machine to read.

If 5 digit broker:

stoploss*PipsToPointFactor
=50pips*10
=500points

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Pips to Point Conversion Factor - library for MetaTrader 4