When I am trading on different symbols in the forex market,
At the time of risk calculation ,
I can’t calculate the risk correctly because I don’t know Tick Value.
How can I find out how much dollars I will take for each pip movement?
in your chart, you can use this bot in mql5 and run on your chart.
//+------------------------------------------------------------------+
//| Info.mq5 |
//| Copyright 2024, MetaQuotes Ltd. |
//| https://www.mql5.com |
//+------------------------------------------------------------------+
#property copyright "Copyright 2024, MetaQuotes Ltd."
#property link "https://www.mql5.com"
#property version "1.00"
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
//---
//---
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
//---
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick()
{
//double tick_value = MarketInfo(_Symbol,MODE_TICKVALUE);
double tick_value = SymbolInfoDouble(_Symbol,SYMBOL_TRADE_TICK_VALUE);
Comment("nnnn",
"TickValue = " ,tick_value);
}
//+------------------------------------------------------------------+