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When you start to use the MT4 platform for the first time, the first thing that is strange for a new trader is to calculate pips and convert them into dollars. Our trading minds use dollars or percentage gains to measure success.

**What is a pip in trading?**

**PIP, price interest, or percentage interest point, is a measurement unit for asset movement representing the lowest price increase for a given pair. For EURUSD or GBPUSD, for example, 0.0001 is one pip. However, for JPY pairs, 0.01 is one pip.
**

Now we can analyze pip value in forex trading.

## How to Measure pips in the MT4 platform?

To measure pips in the Mt4 platform, you need to use the “Crosshair” tool from the MT4 platform. Just press the Crosshair button in the chart’s left upper corner (see image below) and measure the distance between two prices on the MT4 chart.

## How to calculate pips in MT4 for forex pairs?

To calculate pips on the MT4 app or MT4 desktop, you need to remember that one pip for significant pairs is 0.0001, and for yen pairs, one pip is equivalent to 0.01. For another MT4 asset, you need MT4 to see increment value during live trading.

For example, how to count 10 pips in MT4?

If you trade USD pairs, you need to count pips using 0.0001 increments. In that case, when you add 10 pips on 1.3012, you will get 1.3022. If you trade JPY pairs, when you add 10 pips on 112.15, you will get 112.25.

**How to add a pip counter on MT4?**

If you need a pip counter indicator that will count your pips in MT4 for all open positions, you can add a free indicator to your chart. **Would you please download for free the pip counter indicator?**

Add “pip_counter.ex4” in the indicator folder and drag and drop on your chart.

## How to count pips and analyze market trends without MT4?

To analyze the forex and stock market without MT4, you can use an excellent TrendSpider automated technical analysis software platform that uses sophisticated machine learning algorithms to detect trends on the chart. In this software, you can do backtesting, count pips, make no coding strategies, and trade plans.

## How to count pips on EURUSD?

To calculate pips on EURUSD, you need to remember that the 0.0001 difference in price is one pip. So if the EURUSD price gain from 1.3001 to 1.3002, it is a 1 pip gain. Please see the image below:

**So how to count pips on EURNZD?**

**To calculate pips on EURNZD, you need to remember that the 0.0001 difference in price is one pip. So if the EURNZD price gain from 1.6900 to 1.6901, it is a 1 pip gain. So, for example, if we trade 1 micro lot and have 1 pip gain from 1.6900 to 1.6901, it is around 0.07 USD.**

Pip Value = (One Pip / Exchange Rate) * Lot Size

## How to calculate JPY pips?

To calculate pips on JPY (Japanese pair), you must remember that a 0.01 difference in price is one pip. So, how to count a USDJPY pip? For example, price gain from 112.12 to 112.13 is 1 pip difference on USDJPY.

How to count pips on GBPJPY?

To count pips on the GBPJPY currency pair, you need to remember that a 0.01 difference in price is one pip. So, for example, price gain from 156.32 to 156.33 is 1 pip difference on GBPJPY.

**How to count pips on USDMXN?**

**To calculate pips on USDMXN, you need to remember that the 0.0001 difference in price is one pip. So if the USDMXN price gain from 20.1565 to 20.1566, it is a 1 pip gain.
**

## How to count pips on gold?

1 pip in XAUUSD for 1 micro lot trading size is US$0.01.

If we trade Gold on the Metatrader platform, 1 micro lot trading size for 100 pips is $1. If we buy 1 micro lot from 1693.00 to 1694.00, it is $1 or 100 pips. If we buy 1 mini lot from 1693.00 to 1694.00, it is $10 or 100 pips. Finally, buying 1 lot from 1693.00 to 1694.00 is $100 or 100 pips.

Gold or XAUSUD pip count in the various platform is based on ounces calculation.

Gold is traded in ounces, where 1 ounce of gold (XAUUSD) is 1000 units or 1 micro lot with a pip value of $0.01. So based on that, 10 ounces of gold are 10,000 units or 1 mini lot with a pip value of $0.1.

**Watch the video on how to calculate pips for XAUUSD below:**

## How to calculate pips on Silver XAGUSD?

**To calculate pips on silver in MetaTrader, you need to know that 1 micro lot trading size for 100 pips is $1. If we buy 1 micro lot from 24.51 to 25.51, it is $1 or 100 pips. If we buy 1 mini lot from 24.51 to 25.51, it is $10 or 100 pips. If we buy 1 lot from 24.51 to 25.51, it is $100 or 100 pips. Usually, XAGUSD pip equals $1 for 1 mini lot trade size.**

Some other brokers that do not use MT4 as a trading platform use this formula:

For Silver (XAG/USD):

1 lot – 5000 oz. of silver = pip value of $5.00

1 mini lot = 500 oz. of silver = pip value of $0.50

1 micro lot = 50 oz. of silver = pip value of $0.05

## How to calculate pips on oil?

**To calculate pips on the oil, you need to know that the smallest price change for Crude Oil is 0.01 or 1 pip. So when the price rises from 40.00 to 40.01, it is 1 pip.**

**So, how to count pips on brent crude oil in Metatrader?**

If we trade Oil on the Metatrader platform, 1 micro lot trading size for 1 pip target is $0.01. If we buy 1 micro lot from 40.00 to 40.01, it is $0.01 or 1 pip. If we buy 1 mini lot from 40.00 to 40.01, it is $0.1 or 1 pip. If we buy 1 lot from 40.00 to 40.01, it is $1 or 1 pip. When traders calculate oil pips than 1 lot oil trading size, 1 pip move equals $1.00.

## How to count pips on crypto?

**To calculate pips on crypto, you must remember that a 0.01 difference in price is one pip. So usually, if crypto rises from 34.01 to 34.02, it is 1 pip. **

So, how to count pips on bitcoin?

## How to calculate pips on BTCUSD?

** To calculate the BTCUSD number of pips, remember that 1 pip size of BTCUSD is $0.01. So the bitcoin price gain from 56689.94 to 56689.95 is 1 pip difference on BTCUSD (bitcoin).**

So how to calculate bitcoin pips:

The 1 pip value of bitcoin (BTC/USD) per 1 lot is 0.01 USD.

Next, the 1 pip value of bitcoin (BTC/USD) per 1 mini lot is 0.001 USD.

Finally, the 1 pip value of bitcoin (BTC/USD) per 1 micro lot is 0.0001 USD.

If we trade 1 lot in MT4 and the bitcoin price rises from 57000.00 to 57001.00, that means 100 pips gain or $1.

If we trade 1 mini lot in MT4 and the bitcoin price rises from 57000.00 to 57001.00, that means 100 pips gain or $0.1.

If we trade 1 micro lot in MT4 and the bitcoin price rises from 57000.00 to 57001.00, that means 100 pips gain or $0.01.

## How to count pips on indices?

**To count pips on indices in the MT4 or MT5 platform you need to detect that a 0.1 difference in price is one pip. The indices price gain from 5000.00 to 5000.10 is 1 pip difference on indices trading instrument. For example, to count pips on SPX500 if you see a price difference from 3865 up to 3865.1, it is 1 pip.
**

## How to count pips on US30?

**To count pips on US30, you must remember that a 0.1 difference in price is one pip. The US30 price gain from 25000.00 to 2500.10 is 1 pip difference on USD30. If you add 15 pips on 25000.00 US30 prices, you will get 2501.5.**

If we trade 1 lot size of US30 in MT4, 1 pip is $0.1.

If we trade 1 mini lot size of US30 in MT4, 1 pip is $0.01.

If we trade 1 micro lot size of US30 in MT4, 1 pip is $0.001.

For example, if we trade 1 lot size and the price goes from 33500.00 till 33575.00, 250 pips gain or $25 in the MT4 platform.

## How to count pips on NAS100 (NASDAQ)?

**To calculate the number of pips on NAS100 or NASDAQ, you need to know that a 0.1 difference in price is one pip. The NAS100 price gain from 13800.00 to 13800.10 is 1 pip difference on NAS100. If you add 20 pips on 13800.00 NAS100 prices, you will get 13802.00.**

If we trade 1 lot size of NAS100 in MT4, 1 pip is $0.1.

If we trade 1 mini lot size of NAS100 in MT4, 1 pip is $0.01.

If we trade 1 micro lot size of NAS100 in MT4, 1 pip is $0.001.

For example, if we trade 1 lot size and the NAS100 price goes from 13800.00 till 13875.00, 750 pips gain or $75 in the MT4 platform.