Which currency pair have highest pips value and lowest Pips value per Standard lot. Can anyone help me a list of currency pairs with pips value (High to Low order)
Currency Pair by Pips Value
- Thread starter shanmugapradeep
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Some exotics probably have the lowest pip value while any /GBP pair should be the highest pip value. I don't know why would you need such a list, but you could probably code a simple script that would cycle through all the symbols and output the tick value for each of them.
Switch over to the big boys side of things. Actual physical commodity trading. How about we have a quick chat about it?
Like this?
MQL4:
//+------------------------------------------------------------------+ //| MyPipValue | //| | //+------------------------------------------------------------------+ #property strict // Function to calculate pip value double CalculatePipValue(string symbol, double lotSize) { int digits = MarketInfo(symbol, MODE_DIGITS); double tickSize = MarketInfo(symbol, MODE_POINT); // Calculate pip value double pipValue = lotSize * tickSize * 10.0; return pipValue; } // Main Expert Advisor function int start() { // Loop through all currency pairs in market watch for (int i = 0; i < SymbolsTotal(false); i++) { string symbol = SymbolName(i, false); // Lot sizes to calculate pip value for double lotSize1 = 0.01; double lotSize2 = 0.1; double lotSize3 = 1.0; // Calculate pip value for each lot size double pipValue1 = CalculatePipValue(symbol, lotSize1); double pipValue2 = CalculatePipValue(symbol, lotSize2); double pipValue3 = CalculatePipValue(symbol, lotSize3); // Print results to the console Print("Symbol: ", symbol); Print("Lot Size 0.01 / 1 pip = $", pipValue1); Print("Lot Size 0.1 / 1 pip = $", pipValue2); Print("Lot Size 1.0 / 1 pip = $", pipValue3); Print("------------------------------------"); } return(0); }
Post automatically merged:
Sure
I'd recommend to look into
MarketInfo(Symbol(), MODE_TICKVALUE) to simplify the matter.
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depending on your actual purpose, you might want to see how MarketInfo(Symbol(),MODE_MARGINREQUIRED) plays in.....
two pairs might have a tickvalue of 1$ ..... while one might have margin required of 1200$ and the other might have margin required of 2500$......
and in some cases you might have to consider contract size..... as in indexes, gold, silver, corn and so on.......
you can sort in mq4/5 but exporting to excel works also......h
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Thanks for the code. What does "tv/mr", "atr" and "rv" mean?
Here i updated. Is this correct.
MQL4:
//+------------------------------------------------------------------+ //| tick value.mq4 | //| https://youtu.be/hk8BSXxEvig?si=d1-vqNreEF5HieLl | //| https://www.youtube.com/@hayseedfx | //| hayseedfx.com | //+------------------------------------------------------------------+ //+------------------------------------------------------------------+ //| Script program start function | //+------------------------------------------------------------------+ void OnStart() { //--- ChartSetInteger(0, CHART_SHOW_PRICE_SCALE, 0, false); ChartSetInteger(0, CHART_SHOW_TRADE_LEVELS, 0, false); ChartSetInteger(0, CHART_SHOW_BID_LINE, 0, false); ChartSetInteger(0, CHART_COLOR_BACKGROUND, White); ChartSetInteger(0, CHART_COLOR_FOREGROUND, White); ChartSetInteger(0, CHART_COLOR_CANDLE_BEAR, White); ChartSetInteger(0, CHART_COLOR_CANDLE_BULL, White); ChartSetInteger(0, CHART_COLOR_CHART_DOWN, clrWhite); ChartSetInteger(0, CHART_COLOR_CHART_LINE, clrNONE); ChartSetInteger(0, CHART_COLOR_CHART_UP, White); ChartSetInteger(0, CHART_COLOR_ASK, White); ChartSetInteger(0, CHART_COLOR_BID, White); ChartSetInteger(0, CHART_COLOR_GRID, White); //----- string columns[] = {"symbol", "tick value", "margin req", "tv/mr", "atr", "rv", "Pips Value/Lot 0.01", "Pips Value/Lot 0.1", "Pips Value/Lot 1"}; int size = ArraySize(columns); for (int j = 0; j < size; j++) { Display(columns[j], 100 * j, 1); ObjectSetText(columns[j], columns[j], 10, "Verdana", Black); } int i; int count = SymbolsTotal(true); string symbol = ""; for (i = 0; i < count; i++) { symbol = SymbolName(i, true); Display(symbol, 10, (i * 20) + 20); ObjectSetText(symbol, symbol, 10, "Verdana", Black); Display(symbol + " tickvalue", 100, (i * 20) + 20); ObjectSetText(symbol + " tickvalue", DoubleToStr(MarketInfo(symbol, MODE_TICKVALUE), 2), 10, "Verdana", Black); Display(symbol + " margin required", 200, (i * 20) + 20); ObjectSetText(symbol + " margin required", DoubleToStr(MarketInfo(symbol, MODE_MARGINREQUIRED), 2), 10, "Verdana", Black); Display(symbol + " mr/tv", 300, (i * 20) + 20); ObjectSetText(symbol + " mr/tv", DoubleToStr((MarketInfo(symbol, MODE_TICKVALUE) / MarketInfo(symbol, MODE_MARGINREQUIRED)) * 100, 2), 10, "Verdana", Black); double atr = iATR(symbol, 1440, 50, 1) / MarketInfo(symbol, MODE_POINT) * 0.1; Display(symbol + " atr", 400, (i * 20) + 20); ObjectSetText(symbol + " atr", DoubleToStr(atr, 0), 10, "Verdana", Black); double rv = (MarketInfo(symbol, MODE_TICKVALUE) / MarketInfo(symbol, MODE_MARGINREQUIRED)) * 100 * atr; Display(symbol + " rv", 500, (i * 20) + 20); ObjectSetText(symbol + " rv", DoubleToStr(rv, 2), 10, "Verdana", Black); // Calculate Pips value for different lot sizes double pips_001 = MarketInfo(symbol, MODE_POINT) * 0.01; double pips_01 = MarketInfo(symbol, MODE_POINT) * 0.1; double pips_1 = MarketInfo(symbol, MODE_POINT) * 1.0; //double pips_001 = MarketInfo(symbol, MODE_TICKVALUE) * 0.01; //double pips_01 = MarketInfo(symbol, MODE_TICKVALUE) * 0.1; //double pips_1 = MarketInfo(symbol, MODE_TICKVALUE) * 1.0; Display(symbol + " Pips Value/Lot 0.01", 600, (i * 20) + 20); ObjectSetText(symbol + " Pips Value/Lot 0.01", DoubleToStr(pips_001, 1), 10, "Verdana", Black); Display(symbol + " Pips Value/Lot 0.1", 700, (i * 20) + 20); ObjectSetText(symbol + " Pips Value/Lot 0.1", DoubleToStr(pips_01, 1), 10, "Verdana", Black); Display(symbol + " Pips Value/Lot 1", 800, (i * 20) + 20); ObjectSetText(symbol + " Pips Value/Lot 1", DoubleToStr(pips_1, 1), 10, "Verdana", Black); } } //+------------------------------------------------------------------+ void Display(string name, int x, int y) { ObjectCreate(name, OBJ_LABEL, 0, 0, 0); ObjectSet(name, OBJPROP_CORNER, 0); ObjectSet(name, OBJPROP_XDISTANCE, x); ObjectSet(name, OBJPROP_YDISTANCE, y); ObjectSet(name, OBJPROP_BACK, FALSE); }
Like this
MQL4:
// Calculate Pips value for different lot sizes double pips_001 = MarketInfo(symbol, MODE_TICKVALUE) * 0.01; double pips_01 = MarketInfo(symbol, MODE_TICKVALUE) * 0.1; double pips_1 = MarketInfo(symbol, MODE_TICKVALUE) * 1.0;
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"tv/mr" is tick value divided by margin required...... the idea is to see what pays the most per tick relative to the margin required.....
(MarketInfo(symbol, MODE_TICKVALUE) / MarketInfo(symbol, MODE_MARGINREQUIRED))
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"atr" is the daily atr commonly seen in a whole number or integer fashion.......
double atr = iATR(symbol, 1440, 50, 1) / MarketInfo(symbol, MODE_POINT) * 0.1;
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"rv" is short for relative value...... doesn't mean much..... you can look at the math to see actually what it is.......
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tickvalue, marginrequired and so on can be confusing at first......
you will eventually memorize them for every pair....... simply moving the decimal point allows for different lot sizes......
as enivid pointed out to me many years ago, some of those values will change slightly over time.......
use scripts like the one above to visualize at first , then memory takes over.....h
its higher for pairs with a high exchange rate against the usd like gbpjpy & euraud and lower for pairs like usdjpy & eurjpy
No, it doesn't work like that. A pip value doesn't depend on the base currency at all. It only depends on the quote currency and the tick size. On the contrary, margin required depends on the base currency (but not the quote currency) and the contract size.
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