How to get PIP size

[patriczek]

Hi,

i would like to calculate price which is 20pip far from actual price, is it possible please?
Currently i'm developing strategy for 6E, so i would like to use ticksize,
but tick is 0,00005 and pip is 0,0001 and i suggest this isn't same for each market.
So is here any option how to get pip size which i could transform into price?

Thank you
Patrik

[NinjaTrader_Jim]

Hello patriczek,

Thanks for your post.

TickSize may represent pip, half pip or tenth pip. You could perform some math on the currency pair to determine the pip size by multiplying the pip value by the lot size, and then to multiply by the conversion rate. This would be the pip size. Multiplying this by 20 would give the the size of 20 pips.

Most pairs except Yen based FOREX pairs will have a pip value on 0.0001.

There is not an immediate "pip size" property that can be used with NinjaScript and the math would have to be programmed into the strategy.

More information on FOREX calculations can be referenced here - https://ninjatrader.com/support/help...latingPipValue.

Please let us know if you have any additional questions.