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mql5metatrader5

Is the result in PIP or POINT?

I am new to MQL5 programming, I made below code:

MqlTick Latest_Price;
SymbolInfoTick(Symbol(), Latest_Price);
int gap = (Latest_Price.ask - Latest_Price.bid)/Point();

My question: the int that I got in the gap variable, is it a PIP or POINT datatype?

Solution

  • That all depends on your broker and your definition of pips and points. Generally speaking in forex the correct is true.

    • Pip stands for “percentage in point”.
    • A pip is equivalent to 10 forex points.

    For a 5 digit broker assuming you subscribe to the above definition, you gap variable is the amount of points and shows the current spread.