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What is a Pip in MT4 Platform Software?

The pip format in MT4 for four-decimal-point currency quotes is defined below, including instructions to interpret currency quotes and calculate pip movements using the MetaTrader 4 platform.

Example: for 4 decimal Points Currency Quotes Format

If the EUR USD moves from 1.4500 to 1.4501 then this price movement is equal to:

1.4501-1.4500 = 0.0001 (1 pip)

The Value of = 0.0001 USD

1 standard contract = $100,000

The Value of 1 pip for 1 standard contract = 100,000* 0.0001= $10

1 pip = $10, for Four Decimal Points Format

4-Point Decimal Quotes in MT4 - Pip Basics in MT4 - Currency Quote Formats with 4 Decimals

4 Points Decimal Currency Quotes Format on the MT4 Software - FX Trading Pips

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