How to calculate CostPerPip for one lot per symbol?

Created at 13 Jan 2022, 15:51

testcenter

Joined 18.04.2017

How to calculate CostPerPip for one lot per symbol?
13 Jan 2022, 15:51

Hey there,

I would like to know, how i can calculate the costPerPip with 1 Lot?

So eg for GBPUSD, I want to know how much money would be worth the change of 0.0001 in my base currency (EUR)

(Same for other instruments, eg US500, ...)

Thanks in Advance

@testcenter

Replies

amusleh
13 Jan 2022, 17:44

Hi,

For calculating the monetary value of a symbol pip/tick please follow this tutorial: Profit/Loss Calculation - Open API (spotware.github.io)

@amusleh

testcenter
14 Jan 2022, 14:34

Thanks,

Got it.

I saw this tutorial before, but hoped there is an easier way for this :D

So, there is no easier way, I coded it that way. Thanks again

@testcenter

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