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The value of a pip depends on the currency pair, the exchange rate, and the size of the trade position (usually measured in lots). [5] If the U.S. dollar is the quote currency (the second of the pair), such as with the EUR/USD pair, the pip is fixed at .0001. In this case, the value of one pip is calculated by multiplying the lot size by 0.0001.
MetaTrader's popularity largely stems from its support of algorithmic trading. Yahoo! hosts a large group (over 12,000 members) devoted to development of free open source software for MetaTrader. [16] MT4 is designed to be used as a stand-alone system with the broker manually managing their position and this is a common configuration used by ...
MT4 ECN Bridge is a technology that allows a user to access the interbank foreign exchange market through the MetaTrader 4 (MT4) electronic trading platform.MT4 was designed to allow trading between a broker and its clients, so it did not provide for passing orders through to wholesale forex market via electronic communication networks (ECNs). [1]
A round lot (or board lot) is a normal unit of trading of a security, which is usually 100 shares of stock in US. [1] Each stock exchange has its own regulations regarding round lot sizes: they can range anywhere from 1-100 shares, depending on the exchange. [2] Any quantity less than this normal unit is referred to as an odd lot.
If the tick is too big then the opposite happens and time priority is given far too much of an advantage. The size of a tick is picked to basically balance those two priorities. Tick sizes can be fixed (e.g., USD 0.0001) or vary according to the current price (common in European markets) with larger increments at higher prices.
The first and most significant level of support (S 1) and resistance (R 1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H − P), and below it (P − L). The first resistance on the up-side of the market is given by the lower width of prior trading added ...
A lot has defined boundaries (or borders) which are documented somewhere, but the boundaries need not be shown on the land itself. Most lots are small enough to be mapped as if they are flat, in spite of the curvature of the Earth. A characteristic of the size of a lot is its area. The area is typically determined as if the land is flat and ...
A Singapore Tourist Pass may be purchased from S$22 [64] (inclusive of a S$10 refundable card deposit and a 3-day pass) for the payment of public transportation fares. The card may be purchased at selected TransitLink Ticket Offices, LTA Kiosks, Passenger Service Centres and Singapore Visitors Centres, and can be refunded at both TransitLink ...