pips ticks for CFDs?

CFD SGP20 example

spread is 19

is it 1.9 pips for SQX or 19 pips?

for example

If I set SGP20 settings

pip/tick size = 0.1

pip/tick step = 0.01

then SQX pip is

pip = (pip/tick step = 0.01) / (pip/tick size = 0.1) = 0.1

so

broker spread * pip = 19 * 0.1 = 1.9 SQX pips

but if I set SGP20 settings

pip/tick size = 0.01

pip/tick step = 0.01

then SQX pip is

pip = (pip/tick step = 0.01) / (pip/tick size = 0.01) = 1

so

broker SPREAD * pip = 19 * 1 = 19 SQX pips

SQX pip is a relationship between

pip/tick size and pip/tick step

correct?

Hi, I have the same question.

In my mind, you should change your settings in INSTRUMENTS coz the pip of your broker is not the standard pip, which means, it’s 19 pips for your broker but 1.9 for SQX.

Take EURUSD for example, it’s 0.0001USD for 1 pip on SQX, but 0.00001 for 1 pip on ICMarkets.

I hope someone could answer your question.

Yeah, it was a bit confusing also for me at the beginning.

I put pip/tick size and pip/tick step in the SQX config as the broker’s config (in you example 0.00001 for Forex and 0.01 for SGP20) and measure all SQX configs (Spread, Slippage, …) using this units (e.g. 19 for SGP20).

Pls also find a chart attached

Then evaluating the right Spread and Slippage to use for the tests, since variability is pretty high especially on some instruments, is a bit tricky but this is another story.

Hope this helps.

M

<p style=”text-align: left;”>The chart…</p>

The RIGHT chart

No way to load the attachment. let’s try with pdf