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Date/Time: Fri, 10 Jan 2025 09:39:15 +0000



Post From: Posible tool error - OHLC Ray Tool and Swing Marker Tool

[2016-08-13 19:19:51]
User92573 - Posts: 538
One last point before I break for the weekend is that this may relate to my question posted on the incorrect/other support board. It seems to be an FXCM fractional point issue that I cannot seem to correct or get my head around. Maybe the tools are only utilizing 4 digits and 2 for the Yen?

Example with USD Counter/Variable:

a) 1.00023 - 1.00016 = 0.00007 which is not even 1 Point (Pip) but to the 4th place 1.0002 - 1.0001 = 0.0001 is 1 Point (Pip) so,

b) Fractional: 0.00007 x 10,000 = 0.7 Pips and 0.00007 x 100,0000 (1 Lot) = 7 USD

c) 4th Place: 0.0001 x 10,000 = 1 Pip and 0.0001 x 100,000 = 10 USD

The Chart Value and Tool values would seem to provide very different results. How to correct the issue and the tools? Am I missing something? Are the symbol defaults incorrect?

Many thanks and my apologies if I'm missing something obvious.