Quantora Pip Value Calculator MT5: Professional Pip and Point Value Calculator for MetaTrader 5
Info
The Quantora Pip Value Calculator MT5: Professional Pip and Point Value Calculator for MetaTrader 5 is a Indicator for MetaTrader 5 that quantora pip value calculator mt5a professional trading utility designed to calculate the monetary value of pips and points directly inside metatrader 5. Unlike simple calculators that assume fixed pip values, Quantora Pip Value Calculator uses the trading specifications provided by the broker for the selected symbol.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Quantora Pip Value Calculator MT5: Professional Pip and Point Value Calculator for MetaTrader 5
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Quantora Pip Value Calculator MT5A professional trading utility designed to calculate the monetary value of pips and points directly inside MetaTrader 5.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - another powerful indicator for MetaTrader 5 traders.
Quantora Pip Value Calculator MT5Also recommended: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - similar indicator with strong performance on MetaTrader 5.
A professional trading utility designed to calculate the monetary value of pips and points directly inside MetaTrader 5.
Unlike simple calculators that assume fixed pip values, Quantora Pip Value Calculator uses the trading specifications provided by the broker for the selected symbol.
The dashboard provides an instant overview of pip value, point value, tick information, contract size and account currency.
Main Features
- Real-time Pip Value calculation
- Point Value calculation
- Adjustable lot size
- Quick calculations for 0.01 lot
- Quick calculations for 0.10 lot
- Quick calculations for 1.00 lot
- Current chart symbol support
- Optional custom symbol
- Automatic account currency detection
- Symbol Digits information
- Pip Size information
- Point Size information
- Tick Size information
- Tick Value information
- Contract Size information
- Broker-specific symbol data
- Professional Quantora dashboard
- Low CPU usage
- Works on all chart timeframes
- Supports Forex, Gold, Indices, Crypto and other broker-supported instruments
- Free and open-source MQ5 code
Broker-Aware Calculation
The calculator uses MetaTrader 5 symbol specifications including:
- SYMBOL_POINT
- SYMBOL_TRADE_TICK_SIZE
- SYMBOL_TRADE_TICK_VALUE
- SYMBOL_TRADE_CONTRACT_SIZE
This allows the calculator to adapt to the specifications supplied by the broker instead of relying on a fixed monetary pip value.
Lot Size Calculator
The Lot Size input allows the user to calculate pip and point values for a specific trading volume.
The dashboard also provides quick-reference pip values for:
- 0.01 Lot
- 0.10 Lot
- 1.00 Lot
This makes it easy to compare the monetary impact of different position sizes.
How to Install
Place:
- Quantora_Pip_Value_Calculator_MT5.mq5
inside:
- MQL5 → Indicators
Compile the source code using MetaEditor and attach Quantora Pip Value Calculator MT5 to any chart.
The indicator will automatically retrieve the symbol specifications and calculate the corresponding values.
Important Note
Symbol specifications, tick values, contract sizes and calculation methods may vary between brokers and financial instruments.
The values displayed by this indicator are based on the symbol information supplied by the connected MetaTrader 5 broker.
This tool is intended for informational and risk-management purposes and does not provide trading signals or financial advice.
Product Information
You may also like: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#property indicator_plots 0
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
input group "========== CALCULATION SETTINGS =========="
input double InpLotSize = 0.10;
input bool InpUseCurrentSymbol = true;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.