What is Metatraders MQ4 Point for this forex trading?
I am trying to understand this exactly what this is? Any experts out there for this ?
http://docs.mql4.com/predefined/pointvar
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Someone on Facebook responded with this:
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!IMO it’s the pip. But depends what broker you use. So, when your broker has 4 decimal numbers on EURUSD, the point value == pip. If your brokers provides 5 decimal digits on EURUSD, then the point is 0.1 of pip. Good to use it on multi currency pair trading strategies. mby I am wrong, I haven’t worked with mql4 for long…. (cuz it’s sux)
