TP / SL and pips question

[0xBitpool]

Hey guys!

I was looking at where my TP and SL weew on the charts and I’ve been surprised by the numbers. Maybe just because I’m still a noob but I want to make sure everything’s good.

So the first one is the USDJPY EA, with a SL of 300+ pips

The settings are:

I thought there were in points, which would convert in 30 pips for the SL value.

[Alan Northam]

Yes, that is correct!

[0xBitpool]

What worries me is the graph screenshot that shows S/L: pips -304.

Shouldn’t it be pips -30.4?

[0xBitpool]

Another example:

And the settings:

 

Should I change the settings? (I use leverage 1:100 if that helps)

[Alan Northam]

The only thing you should change is the Lot Size, you should not change any of the other parameters.  Lot size should be chosen based upon account size and the risk you are willing to take.

[Alan Northam]

Yes the graph should show 30.4 pips.  I don’t know why it is showing up as 304 pips.  The EA parameters are in points so this is what the EA will use.

[0xBitpool]

Nevermind, I calculated the price difference between entry and S/L and T/P, and the price values are correct. The graph is weird, but the prices are okay.

Example for EURUSD:

Entry price: 1.05776 / SL: 1.06533 (price difference 0.00757, or in pips 75.7) / TP: 1.05183 (price difference 0.00593, or in pips 59.3)

The settings are SL 75 / TP 60, so it looks good!

[0xBitpool]

I just learned something: the decimal place is important

Example for USDJPY (3 decimal – 1 pip – 0.01)

Price: 149.856

TP: 150.752 => Price difference: 0.896. I was like “What!? 9000pips??” No: it’s actually 90 pips on a 3 decimal currency pair. I can stop sweating lol

[Alan Northam]

Only for xxx/jpy pairs!

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