π― Convert Points to PipsΒΆ
Convenience method: converts points to pips, automatically handling the difference between 5-digit brokers (1 pip = 10 points) and 3-digit brokers (1 pip = 1 point).
API Information:
- Sugar method:
MT5Sugar.pointsToPips(String symbol, double points) - Underlying method:
getDigits()(which callsMT5Account.symbolInfoInteger()) - Source: MT5Sugar convenience layer
π½ InputΒΆ
| Parameter | Type | Required | Description |
|---|---|---|---|
symbol |
String |
β | Symbol name (e.g., "EURUSD") |
points |
double |
β | Points value to convert |
β¬οΈ OutputΒΆ
Returns: double - Pips value
Conversion rules: - 5-digit brokers (EURUSD, GBPUSD, etc.): 1 pip = 10 points - 3-digit brokers (USDJPY): 1 pip = 1 point - 2-digit brokers (Gold, indices): 1 pip = 1 point
Examples: - EURUSD (5 digits): 50 points β 5.0 pips - USDJPY (3 digits): 50 points β 50.0 pips - XAUUSD (2 digits): 50 points β 50.0 pips
π¬ Just the essentialsΒΆ
- What it is. Convert broker's points to standard pips.
- Why you need it. Pips are industry-standard, points are broker-specific.
- Auto-detects. Handles 5-digit vs 3-digit brokers automatically.
- For display. Use pips when showing results to users.
π― PurposeΒΆ
Use this method when you need to:
- Display point values in industry-standard pips.
- Compare trading results across different brokers.
- Report strategy performance in pips (standard measure).
- Convert internal calculations (points) to user-friendly format (pips).
π Usage ExamplesΒΆ
1) Convert points to pipsΒΆ
String symbol = "EURUSD";
double points = 50;
double pips = sugar.pointsToPips(symbol, points);
System.out.printf("%s: %.0f points = %.1f pips%n",
symbol, points, pips);
// Output: EURUSD: 50 points = 5.0 pips
2) Handle different broker typesΒΆ
String[] symbols = {"EURUSD", "GBPUSD", "USDJPY", "XAUUSD"};
double points = 100;
System.out.printf("Converting %.0f points to pips:%n", points);
for (String symbol : symbols) {
int digits = sugar.getDigits(symbol);
double pips = sugar.pointsToPips(symbol, points);
System.out.printf(" %s (%d digits): %.1f pips%n",
symbol, digits, pips);
}
// Output:
// Converting 100 points to pips:
// EURUSD (5 digits): 10.0 pips
// GBPUSD (5 digits): 10.0 pips
// USDJPY (3 digits): 100.0 pips
// XAUUSD (2 digits): 100.0 pips
3) Display trade profit in pipsΒΆ
String symbol = "EURUSD";
double entryPrice = 1.12340;
double exitPrice = 1.12390;
double point = sugar.getPoint(symbol);
// Calculate profit in points
double profitPoints = (exitPrice - entryPrice) / point;
// Convert to pips for display
double profitPips = sugar.pointsToPips(symbol, profitPoints);
System.out.printf("Trade closed:%n");
System.out.printf(" Entry: %.5f%n", entryPrice);
System.out.printf(" Exit: %.5f%n", exitPrice);
System.out.printf(" Profit: %.0f points (%.1f pips)%n",
profitPoints, profitPips);
// Output:
// Trade closed:
// Entry: 1.12340
// Exit: 1.12390
// Profit: 50 points (5.0 pips)
4) Calculate strategy statistics in pipsΒΆ
String symbol = "GBPUSD";
// Example: Strategy generates average 35 points per trade
double avgPointsPerTrade = 35;
double avgPipsPerTrade = sugar.pointsToPips(symbol, avgPointsPerTrade);
// Example: Max drawdown was 150 points
double maxDrawdownPoints = 150;
double maxDrawdownPips = sugar.pointsToPips(symbol, maxDrawdownPoints);
System.out.printf("Strategy statistics (%s):%n", symbol);
System.out.printf(" Avg profit: %.0f points (%.1f pips)%n",
avgPointsPerTrade, avgPipsPerTrade);
System.out.printf(" Max drawdown: %.0f points (%.1f pips)%n",
maxDrawdownPoints, maxDrawdownPips);
// Output:
// Strategy statistics (GBPUSD):
// Avg profit: 35 points (3.5 pips)
// Max drawdown: 150 points (15.0 pips)
5) Compare stop loss across symbolsΒΆ
String[] symbols = {"EURUSD", "USDJPY", "XAUUSD"};
double slPoints = 50; // Same SL in points for all
System.out.printf("Stop Loss comparison (%.0f points):%n", slPoints);
System.out.println("Symbol | Digits | Points | Pips | Price Units");
System.out.println("---------|--------|--------|--------|------------");
for (String symbol : symbols) {
int digits = sugar.getDigits(symbol);
double pips = sugar.pointsToPips(symbol, slPoints);
double point = sugar.getPoint(symbol);
double priceUnits = slPoints * point;
System.out.printf("%8s | %6d | %6.0f | %6.1f | %." + digits + "f%n",
symbol, digits, slPoints, pips, priceUnits);
}
// Output:
// Stop Loss comparison (50 points):
// Symbol | Digits | Points | Pips | Price Units
// ---------|--------|--------|--------|------------
// EURUSD | 5 | 50 | 5.0 | 0.00050
// USDJPY | 3 | 50 | 50.0 | 0.050
// XAUUSD | 2 | 50 | 50.0 | 0.50
6) Real-time spread monitoring in pipsΒΆ
String symbol = "EURUSD";
System.out.printf("Monitoring %s spread:%n", symbol);
for (int i = 0; i < 5; i++) {
int spreadPoints = sugar.getSpread(symbol);
double spreadPips = sugar.pointsToPips(symbol, spreadPoints);
System.out.printf(" Spread: %2d points (%.1f pips)%n",
spreadPoints, spreadPips);
Thread.sleep(1000);
}
// Output:
// Monitoring EURUSD spread:
// Spread: 10 points (1.0 pips)
// Spread: 12 points (1.2 pips)
// Spread: 11 points (1.1 pips)
// Spread: 10 points (1.0 pips)
// Spread: 13 points (1.3 pips)
π Important NotesΒΆ
- Pip vs Point:
- Point = smallest price increment broker offers (broker-specific)
-
Pip = standard industry unit (0.0001 for FX, 0.01 for JPY)
-
Conversion rules:
-
Common digit configurations:
- 5 digits (0.00001): EURUSD, GBPUSD, AUDUSD β 10 points = 1 pip
- 3 digits (0.001): USDJPY, EURJPY β 1 point = 1 pip
-
2 digits (0.01): XAUUSD, indices β 1 point = 1 pip
-
When to use:
- β Displaying results to users
- β Comparing across brokers
- β Strategy performance reports
- β Industry-standard communication
-
β Internal calculations (use points)
-
Reverse conversion:
Digit examples:
EURUSD (5 digits):
Price: 1.12345
Point: 0.00001
Pip: 0.0001 (4th decimal)
50 points = 5 pips
USDJPY (3 digits):
Price: 110.123
Point: 0.001
Pip: 0.01 (2nd decimal)
50 points = 50 pips
XAUUSD (2 digits):
Price: 1850.50
Point: 0.01
Pip: 0.01 (same as point)
50 points = 50 pips
See alsoΒΆ
- Low-level method:
SymbolInfoInteger- gets digits - Related:
getDigits()- get decimal places - Related:
getPoint()- get point size - Related:
getSpread()- get spread in points