tick value compare
Info
The tick value compare is a Script for MetaTrader 5 that diagnose differences between tick values, loss, and profit calculations in metatrader 5. this script compares symbol_trade_tick_value, symbol_trade_tick_value_loss, and symbol_trade_tick_value_profit for each symbol in market watch.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use tick value compare
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
diagnose differences between tick values, loss, and profit calculations in metatrader 5.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: exporting indicator values to csv files - another powerful script for MetaTrader 5 traders.
diagnose differences between tick values, loss, and profit calculations in metatrader 5.Also recommended: Write Double Indicator Values to Binary File - similar script with strong performance on MetaTrader 5.
this script compares symbol_trade_tick_value, symbol_trade_tick_value_loss, and symbol_trade_tick_value_profit for each symbol in market watch.
many expert advisors (eas) rely on tick values for risk-based lot sizing. when loss and profit calculations differ, as is common with cross-currency pairs on various brokers, it can lead to incorrect position sizing.
using symbol_trade_tick_value_loss provides a more conservative approach, while symbol_trade_tick_value often aligns with symbol_trade_tick_value_profit, leading to slightly larger lots.
the script offers empirical data for each symbol, enabling informed decisions based on your broker's specific behavior.
usage:
- add symbols for analysis to market watch.
- drop the script on any chart.
- configure input parameters and click ok.
- check the experts tab for a summary.
- enable "save csv" to export detailed per-symbol data to mql5/files/ for brokers with many symbols.
output:
- symbols are categorized as all_equal, tv_matches_profit, tv_matches_loss, or all_differ.
- a summary aggregates counts for each category.
interpretation:
- if most symbols are all_equal, your broker treats loss and profit identically, and any tick value property can be used.
- if tv_matches_profit is prevalent, use symbol_trade_tick_value_loss for risk-based sizing (conservative) and note that symbol_trade_tick_value aligns with profit (optimistic).
You may also like: Candlestick Statistics Calculation Tool - excellent alternative for script users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property version "1.00"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property script_show_inputs
input group "=== configuration ==="
input double inptoleranceabs = 1e-7;
input double inptolerancerel = 1e-5;.......
⚠ 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.