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That is not a pip by definition, but I agree and use that definition myself.
To me your code is unreadable. See Download history in MQL4 EA - MQL4 and MetaTrader 4 - MQL4 programming forum and How to manage JPY pairs with parameters? - MQL4 and MetaTrader 4 - MQL4 programming forum Post #2 Item 3
What about these specs:
DaxCash:
or this Silver:
or this Gold:
What about these specs:
DaxCash:
or this Silver:
or this Gold:
I am trying to avoid the Pip in Forex trading entirely, as the unit comes from currency pairs futures (price interest point). For other futures there is a simple name 'point', though the smallest movement may be a fraction of the point (the tick).
So except the Forex currency pairs which have their counterpart in futures there is no glue how to explain the correct pip value. The CFDs would be a complete fail, as every broker may have it different.