Many brokers use different point sizes for their trading instruments. This is especially true for CFDs and Future contracts. While some brokers quote instruments with 2 decimal price points, others do use 3 or 4 decimals on the same instrument.
Since Stop Loss or Take Profits are expressed in points, knowing the right point sizes of your broker is necessary in order to set the right parameters for the MacroSpike EAs.
This will explain how to find the right point sizes and set the EAs correctly.
In order to find the right point sizing of an instrument look at the instrument list in the MacroTrader.
By checking the only the values from the MetaTrader terminal, one could have the impression that the point size for CL_Q17 would be 3. This is not the case though. A look into the MacroTrader’s instrument list reveals that the spread is 0.3. If you would like a Take Profit of 25 (so a TP at 46.81 if you enter with a buy order at 46.56) you would have to enter ‘TP = 2.5’ into the EAs settings.
