Pip value
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Hi!
Introduction: Pip value is usually 0.001 of the currency. For example, @EURUSD, 1 pip=0.0001 USD.
In JPY, 1 pip= 0.01 JPY.
My question:
I have been working with my EA that i created here about 2 months, and backtested it on MT4 strategy tester. I t worked well.
Last week i backtested again, @ NZDJPY. I took 20 pips Stop loss, 20 pips Take profit, and risk=1% of account.
My 20 pips of JPY became 20*0.0001=0.002 which is 2 points, and the trades were closed immidately after a change of 2 points.
I wanted to backtest however and changed SL and TP to 2000 in order to get 20 real pips. But the the volume of the trade became smaller in order to keep 1% of the account.
Anyone knows the reason of this problem? and the solution?Thanks,
Avraham -
Thanks to anyone who wanted to help. This problem was solved when i backtested with control points and not every tick.
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I programmed it in such a way, so that the EAs doesn't care about the settings of the broker. Instead, it can use its own settings for how much is 1 pip for a given symbol. Look at the settings here:

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Thanks. I hope i will know how to use it.
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@fxDreema so , on any pair , i just need to remove 1 decimal point to let fxdreema know that I want to use pip not points? . Like for gold 0.001 = 0.01?????
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Initiallyl yes. But do some testing before moving one because different brokers use different pip size on the same symbol very often.