- OnePointValue: the value of a pip expressed in the quote currency
- Contract: the size of the contract in the base currency
- Price: the price of the currency pair
- OnePoint: the minimum price change for the trading instrument (one pip)
- Quote Currency: the second currency in a currency quote
- For EURUSD, the quote currency is USD.
- For GBPCHF, the quote currency is CHF.
- For EURGBP, the quote currency is GBP.
- Example: Let’s calculate the value of one pip on GBPCHF in USD.
- Contract Size (in lots): 1.43
- Trading Instrument: GBPCHF
- GBPCHF Rate: 2.3533
- Contract Size (in base currency): 143,000 GBP
- USDCHF Rate: 1.1659 (we need this quote to convert the pip value into USD)
Now we’ll do the math:
- OnePointValue = (143,000 × (2.3533 + 0.0001) ) – (143,000 × 2.3533) = 336536.2 – 336521.9 = 14.3 CHF
- A quick note: If USD is the quote currency in the quote we are using to convert the value of one pip to USD (for example when converting the pip value in pounds to dollars with the GBPUSD rate) we will need to multiply the pip value in the quote currency by the exchange rate in the quote we are using to make the conversion to dollars (Pip Value in Pounds × GBPUSD Rate = Pip Value in USD). In this example, since USD is the base currency in USDCHF, we need to divide the pip value in Swiss Francs by the rate for USDCHF:
- OnePointValue = 14.3 CHF / 1.1659 = 12.27 USD So, for our example, we can say one pip is worth 12.27 USD.
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- For Buy Positions: Profit/Loss = (Contract × ClosePrice) – (Contract × OpenPrice)
- For Sell Positions: Profit/Loss = (Contract × OpenPrice) – (Contract × ClosePrice)
- Profit/Loss the profits/losses on the position expressed in the quote currency
- Contract: the size of the contract in the base currency
- ClosePrice: the rate when the position is closed
- OpenPrice: the rate when the position is opened
- The current interest rates in the two countries
- The price movement of the currency pair
- The behavior of the forward market
- The dealer’s expectations
- The swap points of the broker’s counterparty
Margin = Contract / Leverage
- Margin: the amount you need to open a position
- Base Currency: the first currency listed in the currency pair
- In EURUSD, the base currency is EUR.
- In USDJPY, the base currency is USD.
- In GBPJPY, the base currency is GBP.
- Contract: the size of the contract, in units of the base currency (1 lot = 100,000 units of the base currency, 0.1 lots = 10,000 units, etc.)
- Leverage: the leverage applied to the position
- For 1:500 leverage, plug “500” into the formula.
- For 1:100 leverage, plug “100” into the formula.
After calculating the margin in the base currency, you will need to convert this amount into the denomination of the account, using the exchange rate at the time the position is opened.
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- Balance: Total financial result of all completed trading and non-trading transactions (deposits, withdrawals) on the trading account at the time the report is generated.
- Credit Facility: Available credit.
- Floating P/L: Total floating profits and losses on all transactions open on a client’s account at the time the report is generated.
- Equity: The equity level at the moment the statement was generated (Balance + Credit + Floating profit – Floating loss).
- Free Margin: Funds available to open a new position at the time the report is generated (Free Margin = Equity – Margin).
- Margin: Total margin for all open transactions at the time the report is generated.
- Margin Level: Ratio of Equity to Margin expressed as a percentage.What You’ll Find in Your Detailed Report (in addition to the information found in regular trading reports):
- Total Profit Amount of profitable trades in monetary units.
- Total Loss Amount of losing trades in monetary units.
- Gross Profit: The total amount of profits earned on profit-earning positions over the reporting period.
- Profit Factor: A measure of your return; a coefficient showing the ratio of “Gross Profit” to “Gross Loss”.
- Expected Payoff: Expected profit resulting from gross profit for the amount of trades.
- Absolute Drawdown: Drawdown from the initial account balance; how much the balance has decreased in relation to the initial deposit.
- Maximal Drawdown: The largest drop from a peak to a trough during a certain time period (expressed as a monetary value). It may be higher than the “Absolute Drawdown” and show a loss even during a profit-earning period.
- Relative Drawdown: Shows the “Maximum Drawdown” expressed as a percentage of initial deposit.
- Total Trades: The total number of trades placed on the trading account.
- Short Positions (Win%): The number of short positions closed during the period (the percentage of short positions which earned a profit is shown in parentheses).
- Long Positions (Win%): The number of long positions closed during the period (the percentage of long positions which earned a profit is shown in parentheses).
- Profit Trades (% of Total): The total number of profit-earning trades during the period (the percentage out of the total number of trades is shown in parentheses).
- Loss Trades (% of Total): The total number of loss-making trades during the period (the percentage out of the total number of trades is shown in parentheses).
- Largest Profit Trade: The most earned on a single trade.
- Largest Loss Trade: The most lost on a single trade.
- Average Profit Trade: The average amount earned on transactions which earned a profit (Gross Profit / Profit Trades).
- Average Loss Trade: The average amount lost on transactions which made a loss (Gross Loss / Loss Trades).
- Maximum Consecutive Wins ($): The longest streak of consecutive profit-earning trades (the total profits earned on these trades is shown in parentheses).
- Maximum Consecutive Losses ($): The longest streak of consecutive loss-making trades (the total losses earned on these trades is shown in parentheses).
- Maximal Consecutive Profit (Count): The most earned on a trade during the streak of consecutive profit-earning trades (the number of trades in the streak is shown in parentheses).
- Maximal Consecutive Loss (Count): The most lost on a trade during the streak of consecutive loss-making trades (the number of trades in the streak is shown in parentheses).
- Average Consecutive Wins: The average number of consecutive profit-earning trades.
- Average Consecutive Losses: The average number of consecutive loss-making transactions.
- Trading is closed due to a holiday. It may be that there is a national holiday somewhere that has altered the trading schedule for the instrument you have chosen. To check to see if this may be the case, you can find a schedule for the trading instrument in question in our “Contract Specifications”. Click “Choose Parameters”, then check “Trading Open” and “Trading Close”. Click “Ready”. In the table below, you will see a list of our trading instruments and the times the trading session for each opens and closes.
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- Increase the maximum number of bars in one day to 1,440 by going to the “Tools” menu in the upper toolbar, selecting “Options”, clicking the “Charts” tab, then entering “1,440” in the “Max bars in history” box. After doing this, one day in your Quote History will contain 1,440 M1 (one-minute) bars.
- Go to to the “Tools” menu in the upper toolbar and select “History Center”. The quotes are downloaded automatically in MetaTrader 5.
- Double-click to choose a trading instrument and timeframe. Click “Download”.
- Wire Transfer