Pip value
Pip value
14 Jan 2019, 22:41
Why is the pip value not variable in Backtesting?
1 pip does not give the same benefit in 1.10 as in 1.30
This is important when using large volumes.
Regards!
Replies
bienve.pf
15 Jan 2019, 16:18
If I start a Backtesting at 1.40 the PipValue remains fixed and must be variable according to the price of quotation.
It is not the same to lose 20 pips in 1.10 (EURUSD) than to lose 20 pips in 1.40
regards
@bienve.pf
PanagiotisCharalampous
15 Jan 2019, 17:05
Hi bienve.pf,
Thanks, now I understand what you mean. Indeed PipValue is calculated based on the rate at the begining of the backtesitng. This is a known issue and we will try to address it in a future release.
Best Regards,
Panagiotis
@PanagiotisCharalampous
bienve.pf
15 Jan 2019, 19:16
ok. It would be very useful and necessary for my tests.
Thanks.
@bienve.pf
PanagiotisCharalampous
15 Jan 2019, 09:19
Hi bienve.pf,
I am not sure what do you mean with your question. Pip is a standard measure of change, different in each symbol but usually it is an increment/decrement of the price in the fourth decimal place for forex pairs. One pip is usually one basis point.
Best Regards,
Panagiotis
@PanagiotisCharalampous