MarketInfo(Symbol(),MODE_TICKVALUE) ? Tick value in the deposit
currency
or SymbolInfoDouble(Symbol(),SYMBOL_TRADE_TICK_VALUE) ?
Yeeee,
Thanks gooly. I knew it was somewhere, but the word Tick is a bit confusing in this context.
Anyway, it works
gooly: MarketInfo(Symbol(),MODE_TICKVALUE) ? Tick value in the depositcurrency or SymbolInfoDouble(Symbol(),SYMBOL_TRADE_TICK_VALUE) ? jeex: I knew it was somewhere, but the word Tick is a bit confusing in this context. |
There is Tick, PIP, and Point. They are all different in general. A tick is the smallest change of price. A Point is the least significant digit quoted. In currencies a pip is defined as 0.0001 (or for JPY 0.01) On a 4 digit broker a point (0.0001) = pip (0.0001). [JPY 0.01 == 0.01] On a 5 digit broker a point (0.00001) = 1/10 pip (0.00010/10). Just because you quote an extra digit doesn't change the value of a pip. (0.0001 == 0.00010) EA's must adjust pips to points (for mq4.) In currencies a tick is a point. Price can change by least significant digit (1.23456 -> 1.23457) In metals a Tick is still the smallest change but is larger than a point. If price can change from 123.25 to 123.50, you have a TickSize of 0.25 and a point of 0.01. Pip has no meaning. This is why you don't use TickValue by itself. Only as a ratio with TickSize. See DeltaValuePerLot() |
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hi all,
With Point you get the point value of the Quote Currency (QC).
How do i get the Point Value of a pair expressed in my Account Currency (AC)?
So if trading USD/JPY, i want to know the point value of that pair in EUR, as that is my AC.
I know MT4 has a function or constant for that, but i cannot find it anywhere.
Thanks