Calculating PipValue in a historical bar
Created at 05 Dec 2020, 04:05
Calculating PipValue in a historical bar
05 Dec 2020, 04:05
While Symbol.PipValue gives you the live Pip Value. Is there any method that will give you the value at a specific past bar within an indicator or a bot?
firemyst
05 Dec 2020, 09:34
Not sure why you're asking because the pip-value doesn't change per-se on Forex pairs and indices.
For example, if you're trading the AUDUSD with Pepperstone, the pip value:
1) per 1 standard lot is always going to be 10 USD
2) per 0.1 standard lots is 1 USD
3) per 0.01 standard lots is 0.1 USD
Same thing with Indices.
Example again, point value per 1 standard lot on:
1) US500, US30, NAS100 is always 1 USD
2) AUS200 is always 1 AUD
3) GER30, FRA40 is always 1 EUR
4) UK100 is always 1 GBP
It doesn't matter if you're trading it today, tomorrow, yesterday, the current bar, or the previous bar.
The pip value doesn't change.
@firemyst