MicroTrends
06-30-2010, 05:20 PM
I am wondering if it is possible to detect if a forex currency is using 10th Pips, half Pips, Whole Pips etc
I am using some logice which calculates the cahs value of a stop based on the amount of ticks...
stop*Instrument.MasterInstrument.PointValue*Instru ment.MasterInstrument.TickSize)
if the currency is quoted in 10th pips the stop is 100 instead of 10
so if i am going down the correct route with this i will need to check and adjust the return
I guess another way of looking at it is:
I wish to find the value of 1tick
I need to factor in if fractional pips are used
this is all to do with money management via stop loss size and risk
I am using some logice which calculates the cahs value of a stop based on the amount of ticks...
stop*Instrument.MasterInstrument.PointValue*Instru ment.MasterInstrument.TickSize)
if the currency is quoted in 10th pips the stop is 100 instead of 10
so if i am going down the correct route with this i will need to check and adjust the return
I guess another way of looking at it is:
I wish to find the value of 1tick
I need to factor in if fractional pips are used
this is all to do with money management via stop loss size and risk