Hello, can anyone help me with how to calculate stop losses and take profits of this pairs(EUR/CHF and EUR/AUD) that are up to 4 decimal places. Thank you
Pip
The smallest price increment a currency can make. Also known as points. For example, 1 pip = 0.0001 for EUR/USD, or 0.01 for USD/JPY.
Therefore it is the 3rd, 4th & 5th digits in the price you are
looking at 1.0927 + 50 pips = 1.0977
1.0927 - 50 pips = 1.0877
Hello,thanks. pls does it apply in the same way to AUD/JPY pairs too?
David
No JPY pairs use only 2 decimal places ie 102.37
0.01 = 1 pip, therefore t/p of +50 pips would be 102.87
& s/l of -50 would be 101.87
Hello, no i mean the AUD/JPY pair, it has up to 3 deimal places and it does’nt seem one can calculate the take profits and pip value the way you do it with other pairs.
David