Trailing stop Points question

muplayer2000

Recruit
Messages
5
Hello Folks

Wanted to set trailing stop in meta-trader , but the stop is not in pips its in points like :

10 point

20 point

30 point


is 10 point = 10 pips?

i just changed to 50 points trail stop and my metatrader journal says:
2014.10.20 0850.214 '1721345': trailing stop on #706218869 modified to 50 pip(s)

Something changed in meta-trader ? because other people telling me 50pips =500points.

Whats going on?
 

iMusingKiMi

Sergeant
Messages
896
Hello Folks

Wanted to set trailing stop in meta-trader , but the stop is not in pips its in points like :

10 point

20 point

30 point


is 10 point = 10 pips?

i just changed to 50 points trail stop and my metatrader journal says:
2014.10.20 0850.214 '1721345': trailing stop on #706218869 modified to 50 pip(s)

Something changed in meta-trader ? because other people telling me 50pips =500points.

Whats going on?
Points is for 5 figures. It means you need to set 100 points for 10 pips. It doesn't change, it just have difference of 4 figures broker or 5 figures broker.
 

Pharaoh

Colonel
Messages
19,771
If I can remember that far back, Trailing stops were always in "points", which were the last digit of price. On 4 digit brokers, a point is a pip. On 5 digit brokers, a point is 1/10 of a pip. When someone decides to offer 6 digit pricing, get ready for 1/100 pip points.
 

iMusingKiMi

Sergeant
Messages
896
If I can remember that far back, Trailing stops were always in "points", which were the last digit of price. On 4 digit brokers, a point is a pip. On 5 digit brokers, a point is 1/10 of a pip. When someone decides to offer 6 digit pricing, get ready for 1/100 pip points.
Huh, 6 digits????? If so, soon we will be going like crypto. LoL.
 

Pharaoh

Colonel
Messages
19,771
Right now, somewhere, in some broker marketing department, someone is saying "Let's offer 6 digits as a way to lure in new clients."
 

iMusingKiMi

Sergeant
Messages
896
Right now, somewhere, in some broker marketing department, someone is saying "Let's offer 6 digits as a way to lure in new clients."
It is just more space for broker to do some dirty job in my opinion. For instance on BO, 5 digits makes them rich. 6 digits maybe just as throwing a stone into deep sea.
 

workitout

Private, 1st Class
Messages
61
that's interesting, a new breed of price market of 6 digits! what the will offer then, a smooth version of slippage, or new kind of charting time frame, 30 second time frame basis ?
 

Faelar

Private, 1st Class
Messages
40
It's just different units of measurement, but it's actually the same thing, so you don't have to worry, so you can use it boldly.
Actually, it's a good thing you're interested, because your safety in the market depends on it. And that's the most important thing, of course.
 
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