Oanda units and pip value

fnewbiex

Recruit
Messages
2
There is something that i cant seem to understand. So lets say that the value of a pip is 1$ and this corresponds to 10000 units but why when i make an order with 10000 units the value of each pip is not 1$ but 0.1$. For example i calculate the pip value i want to risk and its about 0.6 then i make an order of 6000 units and on a 50 pip movement i earn or lose 50x0.06$ and not 50x0.6$
What am i missing?
 

Maria LMFX

Recruit
Messages
9
Hey fnewbiex,

Here is how I see the situation:
So
1 lot = 100 000 units (standard lot)
0.1 lot = 10 000 units (mini lot)
0.01 lot = 1000 units (micro lot)

For example EURUSD pip value is 10$ per pip when 1 standard lot is executed, then the pip value is 1$ if 0.1 lot is executed, etc.
In your case, you execute 6000 units which is 0.6 lots (mini lot) so in this case the pip value should be 0.6$
If you are 100% sure that you see 0.06$ as P/L, then you should probably check the lot size on your platform and make sure it is 0.6 and not 0.06 (there is an additional zero) which makes it a micro lot and therefore makes your earnings 0.06.
Also note that these calculations are not for every currency pair and they may fluctuate a bit.
Wish you profitable trading!
 

fnewbiex

Recruit
Messages
2
Thank you for answering
I think i found what im missing
Screenshot_2.png

if you see at the chart in mt4 it shows a movement of 808 while the lots are 0.1 and the profit is 65. So i suppose this 808 is not pips and the actual pips are 80?
 
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