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Update: I have managed to figure out my own mistake, after painful hours of reading articles, head banging, and doubting my existence. The articles on the MT crosshair state that the second value is a representation of points, and not pips, but I clearly commited a mistake by not reading over all of them. So if you are a beginner, take this as a word of advice, I paid with blood and sweat for this little mistake(mostly a lack of sleep). If you want to keep reading, feel free to, my mistake is also exemplified and explained in further detail.submitted by AlexSimply to Forex [link] [comments]
Hello guys, I have a really important and probably easy problem that I do not seem to be able to figure out. Today is the last day of the week, and I've been crunching forex tutorials for the past 5 days like a madman trying to understand as much as I can before my university year starts. But on the last day, I have a really frustrating problem:
I decide to buy EUUSD with a lot size of 0.01(micro lots)
Entry price: 1.0972 (I leave the pipette out, as I've learned that it is not so significant)
Take profit 50 pips above: 1.0972+ 0.0050 -These are 50 pips, I am totally sure of that ===> TP= 1.0972
HOWEVER: When I look at the chart with my crosshair and measure 50 pips, the TP= 1.0927 WTF? What am I leaving out from my calculations? I am sure someone more experienced could easily tell me what's wrong, but I don't get it, why does 50 pips equal 1.0927 instead of 72? The 4th number is 1 PIP, and the 5th is a pipette. So what's wrong? It says 50 pips equal a change in the 4th decimal, but that is impossible, right? The 4th decimal is 1 pip, not 10!!
If I was to speculate an answer, I would say that the 5th decimal in metatrader is considered 1 pip? But why? The 5th decimal is always a pipette, right??? But IF I MEASURE IT, a change in the 5th decimal equals 1 pip in the crosshair!
What's going on here? Is there something the tutorials did not cover? I can practically just change my calculation a bit but I wonder what is going on here? I've literally stayed up all night wondering why my orders were missing the SL and TP just to zoom out and see my take profit in heaven and the stop loss in the 9th circle of hell, right under my table. If someone could clear up as of what is going on, I would greatly appreciate it!
UPDATE: After bouncing back and forth a few articles, I have realized something extremely infuriating. The MT4 crosshair shows points, and they need to be divided by 10 in order to get the actual pips!
Reading the forexpeacearmy article, it first states that the second value are pips, and under it, it states that they are actually 90.1 pips and not 901 pips. This is something someone can very easily look over, mostly if they are a newbie!
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If you are not familiar with the iconic makeup artist Mickey of Los Angeles, it is time to get acquainted with you and your Youtube channel, Glam and Gore. This groundbreaking 28-year-old is known for making things "pretty ugly"; Mykie combines her passions and talents to create Instagram-worthy makeup photos and cool special effects, perfect for true-to-life costumes and horror movies. Mikey has developed a passion and can use cosmetics during her graduate studies in cinema and has gained professional experience through her own research and desire to work in local haunted homes. Since joining YouTube in 2014 on Mykie since then, sincere loyalty has gained 3.1 million subscribers. But why is it worth looking at? Mykie's textbooks combine comedy and education perfectly. If you want to master this killer cat look by creating the most realistic zombie costume on the planet, or try wearing a wig, Glam and Gore has something for you. In addition, the latest changes to the Youtube algorithm have had a negative impact on your views and future revenue, meaning you can now use support as never before. Because of these updates, subscribers were not notified of new messages or were unable to view new videos. Also, old Mykie content will suddenly go to YouTube, your forex tutorials are considered "too open". So where can you cross the line between "mature content" and "creative licensing?" Is it true that man is now manifesting himself? let's just say no, the Mykie channel is dedicated to makeup tutorials - there's nothing wrong with that, other makeup channels haven't had such a negative impact, Mikey deserves credit for your talent, and that's why. Your relationship.
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