Joined: 28 Mar 2012
|Posted: Thu Apr 12, 2012 10:26 pm Post subject: 5 decimal places - Show Correct Pip Value
|This is just a handy little update I would like to see in the future and I hope you guys take a look at.
A lot of brokers now use 5 digit decimal places as standard on most pairs. Forex tester allows us to change the decimal value to 5 but by doing so it also dynamically fills the field beside to show '0.00001'.
If you save these settings and generate ticks you will soon notice that your margin settings have all been affected too and divided by 10 because of the extra decimal place in the '0.00001' box.
The small workaround (sort of) for this is to enter 5 in the digit box but leave the decimal box beside it to '0.0001'.
This means your margin/lot settings will work properly and 5 decimal places are shown on your charts. The catch? Well this now means there is an extra 0 added to your points/pips column when you trade.
So you complete a trade and it shows you profited by 600 pips when in fact it was really just 60 pips.
That leaves just 2 scenarios to choose from,
A: You leave it as 4 digits, leave '0.0001' and your pips show properly
B: You change it to 5 digit places and leave '0.0001' so your lot size still work properly but your pip values will always show a figure 10 times larger than the actual amount.
In a future update it would be great if FT just recognized when you use the B setting and displays the pips correctly so all your reports display the correct values too.
If there is in fact a way to make 5 digit charts work perfectly with lot sizes etc that I have overlooked please do let me know. I would appreciate it.