XAU USD en XAG USD pip size

Created at 01 Nov 2013, 18:28
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jeex

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Joined 18.10.2013

XAU USD en XAG USD pip size
01 Nov 2013, 18:28

cAlgo for CommexFX tells me that the pip size for gold (XAUUSD) and silver (XAGUSD) = 0.01. Calculus tells me its 1 and 0.1.

Am i mistaking or is cAlgo mistaking?

@jeex
Replies

jeex
01 Nov 2013, 22:05

Oh darn. Math help

My mistake. Ik keep messing with the math. Like in the next caclulation:

I want to calculate how many pips i need for gaining 1 base currency with the minimum lot size (and not accounting the spread and commission).

  • GBP JPY
  • to make 1 baseCur (GBP)
  • rate = 158.70 (JPY per GBP)
  • lotSize= 1000
  • pipSize = 0.01
  • TP (takeProfit) = 40 pip

I need a calculation that gives me the trade.volume (lotSize) needed to gain 1 baseCur in a win at takeProfit. So, what volume should i trade to gain the needed GBP?

 

@jeex
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