How to measure Pips in MT4
If you want to learn more about MT4 then you have come to the right place. After numerous requests we have decided to start a blog section dedicated to teaching MT4 basics. In this part, we will focus on how to measure Pips in MT4.
For this article we will assume that you already know what a Pip is. However, if you are not sure what a Pip is be sure to read this article for more information.
Now, let us dive right in and see how to measure Pips in MT4. First you need to find the “Line Studies Toolbar” as seen below)…
After you have located the Line Studies Toolbar, look for the “Crosshair” tool as seen in the example below…
Simply click on the crosshair icon and move your mouse over to your chart…After you have done so you will notice that there are two Crosshair lines (horizontal and vertical) on your chart. You will also notice the Crosshair moves wherever you move your mouse.
You will see that the crosshair tool gives you a horizontal line (shows price level) and vertical line (shows time & date) on the chart as you move it around. After selecting the Crosshair find a candle that you would like to measure on the chart.
Make sure to keep your mouse button clicked because the moment you release your mouse button the crosshair tool will disappear. If this happens, do not stress, simply select the Crosshair tool again and start over.
From the information above it should give you all the guidance on how to measure Pips in MT4. It might seem challenging at first, but after a couple of attempts it will become a very easy task.
We hope that this MT4 tutorial has been helpful and useful to you. Be sure to check out our MT4 Basics blog for more articles like this one. Our team has also developed a highly detailed Forex Trading for beginners manual which also teaches how to use MT4 in a lot of detail.
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