Pipsize confusion

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06/01/2017 at 12:23 PM #37223 quote

Despair
Blocked

Master

I got a little bit confused. If i want to set a stop loss or take profit on say euro/usd and write for example set stop ploss 20. Does this mean the stop loss is 20 pips away from my buy-price? Or how does “points” relate to pips?

06/01/2017 at 2:04 PM #37232 quote

GraHal
Participant

Master

Does this help?

http://www.investopedia.com/ask/answers/032615/what-difference-between-pips-points-and-ticks.asp

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06/01/2017 at 2:06 PM #37233 quote

Despair
Blocked

Master

I think i sorted it out: (difference in price)/pipsize=”difference in points” but feel free to correct me if i’m wrong. 🙂

06/02/2017 at 9:59 AM #37278 quote

Nicolas
Keymaster

Master

Points and Pips are the same, this is different names to say the same thing. The term “pip” is commonly used for forex pairs while point is for any other instrument. Pointsize and Pipsize will give you the same value.

So as you stated, your formula is good for any instrument:

(difference in price)/pipsize=”difference in points”

is the same as :

(difference in price)/pointsize=”difference in points”

and the same as :

(difference in price)/pointsize=”difference in pips”

or even:

(difference in price)/pipsize=”difference in pips”

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Pipsize confusion

ProOrder: Automated Strategies & Backtesting

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Despair @despair Blocked

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This topic contains 3 replies,
has 3 voices, and was last updated by Nicolas
8 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	06/01/2017
Status:	Active
Attachments:	No files

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