For EUR/USD on FTMO, the floating spread average is 0.00003.
Doesn’t that represent a pipette and not a whole pip? I asked this because when I’m factoring the broker spread, I don’t want to calculate it wrong and get stopped out of a position.
3 pipettes, yes - not a whole pip.
Good luck with your FTMO evaluation.
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Yes its 3 pipette! How do you usually adjust your calculations for these fractional spreads? Do you convert pipettes into full pips, or do you work directly with them in your risk management setup?
Yes, 0.00003 is in pipettes, not whole pips; it equals 0.3 pips, so factor that correctly in your stop-loss to avoid miscalculations.
Thank you everyone for helping me out. I have a follow-up question about orders, but I will make another thread about it.
Yep that would be a pipette - 0.3 pips. But make sure you are using full pips while factoring spreads. There’s no harm in double checking.