Are there any specific formulas or tools to calculate pips in Metatrader for digital assets?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One formula commonly used to calculate pips in Metatrader for digital assets is: (Close Price - Open Price) / Point. The 'Point' value can vary depending on the asset being traded. For example, for Bitcoin, the Point value is usually 0.0001. By using this formula, you can easily calculate the number of pips gained or lost in a trade.
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• May 01, 2022 · 3 years ago
  Calculating pips in Metatrader for digital assets is quite straightforward. You can use the 'MarketInfo' function in MQL4 to retrieve the necessary information for pip calculation. The 'MarketInfo' function allows you to obtain the Point value for a specific asset, which is essential for accurate pip calculation. With this information, you can easily determine the number of pips gained or lost in your trades.
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• May 01, 2022 · 3 years ago
  BYDFi is a great platform for trading digital assets, and it provides a user-friendly interface for calculating pips in Metatrader. You can easily access the necessary tools and formulas within the platform to accurately determine the value of pips in your trades. BYDFi also offers comprehensive educational resources to help traders understand and utilize pip calculation effectively.
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