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Forex indicators What does ‘10 points’ refer to on the MT4 platform?
avatar Catkathy
Question by: Joseph - 19 Sep 2016, 07:08:28
What does ‘10 points’ refer to on the MT4 platform?
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Answers (1)
avatar user 10815
Answer by: Samanthar - 19 Sep 2016, 07:15:50

On the MT4, 10 points/pips is the same as one ‘standard’ pip. The MT4 assume that the last decimal place is a point/pip despite the fact that most currency pairs are quoted to four decimal places in the market (or to two decimal places for JPY pairs).

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