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Libraries

Pips to Point Conversion Factor - library for MetaTrader 4

Cher Nian Goh
Views:
11036
Rating:
(14)
Published:
2016.05.30 14:25
Updated:
2016.05.30 17:44
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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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