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Full content requires Elite Membership, the below is only a preview of the first post in the discussion.
Function to calculate Pip Value in current currency
Hello
Forex #units to sell or buy for a given risk
Anybody as done or see a function in easylanguage to calculate the pip value for actual account denomination?
EX: Account in CAD Dollars risked 100$
Trading EURUSD, Then i should know the value of USDCAD before apply it to the calculation
EURGBP :: :: EURCAD
I'm looking for a function that will do all automatic, independently of the pair traded
Something like PipValue ( Denomination, Pair Traded) Should return corresponding pair value
PIPValue (CAD, EURUSD) Should return 1.02384 The value of actual USDCAD
PipValue(Cad, GBPUSD) Should return 1.3069 The value of the EURCAD
I have done a similar work in Excel and it workfine. Pairs value are directly updated every minutes fron a web site.
I just dont know how to do it using EasyLanguage
- Read the actual instrument traded, EURUSD, EURGBP ect. I need to attach it the the corresponding pair
- Get price for the corresponding pair or instrument like USDCAD, EURCAD etc
Hope I'm clear ennough
Martin
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