Pips calculation with 5-digit/4-digit and 3-digit/2-digit quotes

[radaway]

Hi All

(Example 1) : (usd/jpy) @ 103,09 ( a 2 decimal quote) and I would like to add 10 pips and get the price
&
also like to subtract 15 pips and get the price. BUT my mt4 is a 5 decimal digit interpretation(thus 3 decimal for JPY).

How do I go about this ? (basically I need to know how to : add/subtract a 2 decimal quote with fixed pips on a 3 decimal jpy (5digit - mt4 environment)

an example calculation will help immensely.

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(Example 2) : my mt4 is a 5 decimal digit interpretation & I get (say) eur/usd 1.0956 (a 4 digit quote) & again:

I would like to to add 10 and subtract 15pips

my answer = 1.09660 (adding 10 pips)
my answer = 1.09410 (minus 15 pips)

am I correct in this example ?

Thanks

 

[Enivid]

How do I go about this ? (basically I need to know how to : add/subtract a 2 decimal quote with fixed pips on a 3 decimal jpy (5digit - mt4 environment)

You just multiply the pips you want to add or subtract by 10. For example:

 StopLoss = Ask - 15 * Point() * 10;

am I correct in this example ?

Yes.

 

[radaway]

<You just multiply the pips you want to add or subtract by 10>:
so taking the example 1 (topic starter)
s.l = 103,09 -(15 *.01*10)
= 103,09 -1,5
=101,59
am I correct here ?

 

[radaway]

and similiarly from example-1 (topic starter) | 10 pips for T.P
t.p = 103,09 + ( 10 * .01 *10)
= 103,09 + 1
= 104,09
am I correct in both the cases above ?

*or is it , t.p = 103,09 + ( 10 * .001 *10) ?

 

[Enivid]

No, both cases are incorrect.

*or is it , t.p = 103,09 + ( 10 * .001 *10) ?

This is correct.