How To Measure Pips On Your MT5 / MT4 Using Your Mobile Phone

Here’s a quick guide on how to measure pips on your MT5.

Open MT5/MT4: Start by launching your MT5 platform and opening your trading account.

Access Trading Tools: Go to the ‘Tools’ tab and select ‘Options’. Under the ‘Trade’ tab, you’ll find the ‘Pip Calculation’ option.

Calculate Pips: Using the MT5 pip calculation techniques, input your trade details. MT5 will automatically calculate and display your pips.

Understand Pip Value: Understanding the pip value’s importance will enable you to manage your risk better. It gives you an idea of the change in value per pip movement.

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