Points VS Pips - page 112
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While you're waiting for a 1-point bounce, I've already earned...
Cut to mt5, ....5 signsforever...:)
Everyone and everywhere says so - it has been generally accepted since the birth of the market itself. But there are also those who are unfamiliar with it and do not want to broaden their horizons.
They write a lot of things on fences too.
It's just an advertising gimmick.
If you have a 1-point spread on 4-digit quotes, it will be 10 points on 5-digit quotes. This is a factual basis. The price change in this case will be the same in monetary terms. Absolutely. And the spread will be exactly the same in monetary terms.
But 10 sounds a lot "scarier" than 1. Doesn't it?
If an instrument is quoted in five-digit quotes, then a real spread change of 1 pip (1.00000 --> 1.00001) cannot be expressed as a whole number for a four-digit quote representation. And this is where the rabbit trapsters do the trick - they write the spread from 0.1 pip (much more tempting than from 1 pip, isn't it?). They simply express five-digit quotes in four-digits. It's an artificial representation - to shear the sheep. You can't move the price by less than one point with four-digit quotes - it can't go less than one point. You can move more than one pip due to the TickSize parameter. The price can be quoted in five-digit values and one pip will be 0.00001. But the minimum price change can be 0.00025 (I showed that for four-digit quotes but it is not important - the fact is important).
You just succumbed to the scam of the advertisers.
They write a lot of things on fences too.
It's just a publicity stunt.
If you have a 1-point spread on 4-digit quotes, it'll be 10 points on five-digit quotes. This is a factual basis. The price change in this case will be the same in monetary terms. Absolutely. And the spread will be exactly the same in monetary terms.
But 10 sounds a lot "scarier" than 1. Doesn't it?
If an instrument is quoted in five-digit quotes, then the actual spread change of 1 pip (1.00000 --> 1.00001) cannot be expressed as a whole number for a four-digit quote representation. And this is where the rabbit trapsters do the trick - they write the spread from 0.1 pip (much more tempting than from 1 pip, isn't it?). They simply express five-digit quotes in four-digits. It's an artificial representation - to shear the sheep. You can't move the price by less than one point with four-digit quotes - it can't go less than one point. You can move more than one pip due to the TickSize parameter. The price can be quoted in five-digit values and one pip will be 0.00001. But the minimum price change can be 0.00025 (I showed that for four-digit quotes but it is not important - the fact is important).
You just succumbed to the scam of the advertisers.
Volatility has fallen by half in the last few years and it's an undeniable fact, if the euro used to "walk" ~100pp a day lightly, today there's only half left.
But at your pips volatility has gone up 5x and gives you the opportunity to earn more?
Alright, I'm off to do some business. Keep deluding yourself, but don't mislead others, please.
They write a lot of things on fences too.
It's just a publicity stunt.
If you have a 1-point spread on 4-digit quotes, it'll be 10 points on five-digit quotes. This is a factual basis. The price change in this case will be the same in monetary terms. Absolutely. And the spread will be exactly the same in monetary terms.
But 10 sounds a lot "scarier" than 1. Doesn't it?
If an instrument is quoted in five-digit quotes, then a real spread change of 1 pip (1.00000 --> 1.00001) cannot be expressed as a whole number for a four-digit quote representation. And this is where the rabbit-trappers do the trick - they write the spread from 0.1 pip (much more tempting than from 1 pip, isn't it?). They simply express five-digit quotes in four-digits. It's an artificial representation - to shear the sheep. You can't move the price by less than one point with four-digit quotes - it can't go less than one point. You can move more than one pip due to the TickSize parameter. The price can be quoted in five-digit values and one pip will be 0.00001. But the minimum price change can be 0.00025 (I showed that for four-digit quotes but it is not important - the fact is important).
You just succumbed to the scam of the advertisers.
Volatility has fallen by half in the last few years and it's an undeniable fact, while the Euro used to "walk" ~100pp a day lightly, today there's only half left.
But at your pips volatility has gone up 5x and gives you the opportunity to earn more?
Alright, I'm off to do some business. Keep deluding yourself, but don't mislead others.
There's just documentation - it says it all, and it's very simple.
But people prefer to say some abstract things irrelevant to the subject - volatility ..., walked ..., ran ..., rose/not rose ... What is this all about? How does this relate to the definition of a point? How does this change the simple maths for 2nd grade?
And back to the same thing - "you're wrong"... Can't you just do the math? Just on your fingers... I have, by the way, given you the whole thing on your fingers. But you prefer not to think, but to wander after a crowd of ignorant people. Come on, good luck.
Where are the points in the indices?
Is it so hard to look?
The mql function Point() is misleading. Its counterpart is SYMBOL_POINT.
The Point() function is the oldest since the birth of MT and when the terminal had only FOREX, and only four digits!
With the introduction of other markets in the terminal, the name of the Point() function remained unchanged for the four digits!
I have no idea why its name was not changed.
Perhaps, it was kept for compatibility with the multi-market terminal, and it is not correct to use it together with TickSize in this case.
This Point() function like SYMBOL_POINT should be nicely eradicated from the mql language, and all confusion will disappear.
Better yet, it should be renamed to its true name, that it returns the digit capacity of a quote, not the point!
Since there is a minimum step of price change, it is TickSize !
And in your example, in this case, what does the function SYMBOL_POINT show ?
The points? If you think so, you are wrong again.
TickSize is the minimum step size of the price 0.0025, so you think TickSize is bigger than your point 0.0001 ?
This is mql nonsense.
And this is what EURUSD shows
Probably never will...
A point is the minimum unit of measurement.
Ttik is the value of the minimum change.
Once again, the size of a tick is not a point (pips). Neither is a tick itself a point (pips)
Who argued with that?
Probably never will...
A point is the minimum unit of measurement.
Ttik is the value of the minimum change.
So! What's a ttik? Let people understand points first.
Is it that hard to see?