Pip Calculator

📸 Gallery

Add Wishlist

Pip Calculator Indicator
Pip calculator is an automatic risk management tool for MT5 users. Best for forex and stock traders who evaluate risk before making buy/sell decisions.

CATEGORIES: MT5, INFORMATIONAL
Updated on: 08.11.2023
The Pip Calculator is an automatic MT5 trading value indicator. It determines the price value changes per pip based on your account deposit currency and expected trading lot size.

Apart from technical analysis, traders require to manage risks by adjusting their trading volume. For busy traders, it becomes hard to calculate the value per pip and adjust lot sizes during active trading hours. Especially if you are a frequent trader, you need to be quick in decision-making to avoid missing other ongoing opportunities. In this regard, a quick pip value calculation tool may help boost the speed of your risk calculation process.

According to our review, the Pip Calculator suits all the timeframes of MT5. Besides, it supports all types of forex, stocks, and cryptocurrency charts.

How to use the Pip Calculator Indicator in MT5?

Once you install the Pip Calculator on your MT5 platform, it automatically initiates its calculation process by determining your deposit currency. Next, it uses the expected trading lot size to calculate the value per pip and point. The indicator uses one trading lot by default to determine the pip value. Nevertheless, you can always change it according to your expected trading volume size in the indicator’s settings.