Free Forex MQL Training

Pip Calculations in MQL Programming

There is a reserved word "Point" in MQL (MetaQuotes Language) that represent a pip. You need to use this variable as its exact value depends on whether you trade a Yen pair or a non-Yen pair.

Dealing with pip fractions is a little bit more complex. I have developed two documented Expert Advisors that address this issue. You may download them from the download section. They are called "Double_Pending.mq4" and "Short_Trade.mq4". You need to be a member of ForexBrace.com in order to be able to have access to the download section. To become a member click here.