GBPBOT
automatically detects whether the broker uses 2,3,4 or 5 decimal places for
price quotes. So in any case, as an example, if you want to set Take Profit of
an order (TP) to 35 pips and you are trading EURUSD, then you set it to 35
regardless of whether the price quotes use 2,3,4 or 5 decimal places. In the
case of EURUSD as one example of 5th decimal place pricing, the 4th place
decimal is the pip and the 5th a fraction of a pip. If the EURUSD moves from
1.50010 to 1.50020 then it has moved 1 pip. If it moves from 1.50010 to
1.50011, then it has moved 1/10th of a pip. For currencies with 3 decimal
places, such as the GBPJPY, if it moves from 90.700 to 90.710, then it has
moved 1 pip, if from 90.700 to 90.701, then it has moved 1/10th of a pip.