How to compute the monetary value of one pip

1. Lot size in base units

   "Lot size in base units" is the position size expressed in BASE currency units. Standard lot = 100,000 (default), Mini = 10,000, Micro = 1,000. Must be a positive number.

2. Pip size

   "Pip size" is the price increment that defines one pip. Default 0.0001 (most pairs); JPY-quoted pairs use 0.01. Pick from your broker's spec sheet — never assume.

3. Conversion rate

   "Conversion rate to account currency" converts pip value into your account's currency. If quote = account currency, use 1; otherwise use the current rate from quote → account.

4. Press Run

   Result is pipValue = lotSizeUnits × pipSize × quoteRate. For a 100,000 EUR/USD long with pip 0.0001 and USD account: 100,000 × 0.0001 × 1 = $10 per pip. Negative rates aren't accepted.