Trailing stop question - how much is 1 point?

[Azlan00IM]

Hi, I'm using Mt4. When setting up trailing stop, I noticed that it is in points and not pips. If I want to lose at most $150 per trade, for EURUSD, with 1 lot size, how many points should I set up?

 

[Bordux]

I believe 1 point = 1 pip. Also, do your calculations with lot sizes. How many pips does the price need to go to reach $150 either in loss or profit if you use a specific lot size?

 

[bigdolly]

Hi, I'm using Mt4. When setting up trailing stop, I noticed that it is in points and not pips. If I want to lose at most $150 per trade, for EURUSD, with 1 lot size, how many points should I set up?

1 point is one 1 pip. For EUR/USD 1 pip is 10 bucks, 150 USD is for around 13 pips (15 bucks is for spread)

 

[Pharaoh]

If your broker is 4 digit, a point = a pip. If your broker is 5 digit, you may want to double-check how they handle trailing stops.

And, 1 pip does indeed equal $10 on XXXUSD pairs.