PIPS Profit Calculator

Formula

The formula to calculate the PIPS profit is:

\[ \text{Ppips} = \text{PG} \times \text{V} \]

Where:

$\text{Ppips}$ is the PIPS Profit ($)
$\text{PG}$ is the total number of pips gained
$\text{V}$ is the value of each pip ($)

What is a PIP?

A PIP (Percentage in Point) is a unit of measurement used in forex trading to express the change in value between two currencies. It is typically the smallest price move that a given exchange rate can make based on market convention.

Example Calculation

Example:

Total Number of Pips Gained: 150
Value of Each Pip: $0.10

Calculation:

\[ \text{Ppips} = 150 \times 0.10 = 15 \text{ dollars} \]