I have searched and looked around the internet and this forum to find a definite formula, but have not found anything that encompasses all possible currencies and crosses.
I want to be able to combine any account currency and any cross pair and calculate the pip value by looking at the bid and ask prices of those currencies for a specific trade size.
I would be happy if anyone could point me in the right direction or give me the formula, because I am going slightly crazy trying to solve this, for a personal project.
Right now I am looking at these links for the formula:
http://ift.tt/1p8JkAk
http://ift.tt/1p8JkAn
And this page for the decimal point placement:
http://ift.tt/1p8JmYZ
I know starting with a question as a first post on a forum is not good form, but any guidance or ideas are highly appreciated.
Thank you.
I want to be able to combine any account currency and any cross pair and calculate the pip value by looking at the bid and ask prices of those currencies for a specific trade size.
I would be happy if anyone could point me in the right direction or give me the formula, because I am going slightly crazy trying to solve this, for a personal project.
Right now I am looking at these links for the formula:
http://ift.tt/1p8JkAk
http://ift.tt/1p8JkAn
And this page for the decimal point placement:
http://ift.tt/1p8JmYZ
I know starting with a question as a first post on a forum is not good form, but any guidance or ideas are highly appreciated.
Thank you.
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