How much is one pip worth in dollars? Enter the pair and lot size — get the cash value per pip, including XAUUSD and XAGUSD. Useful for verifying your broker's quote and validating EA profit math.
For USD-quoted pairs (EURUSD, GBPUSD, XAUUSD), leave Quote→USD at 1.0. For JPY quote pairs (USDJPY), enter 1/USDJPY (e.g. 1/150 = 0.00667).
Pip value is the profit or loss in account currency when a position moves one pip. It's a function of three things: the pair's pip size (0.0001 for most FX, 0.01 for JPY pairs, 0.1 for XAUUSD), the contract size (100,000 for FX standard lots, 100 oz for gold), and the current quote-to-account-currency rate.
Every position-sizing algorithm inside an Expert Advisor uses pip value. If your broker reports symbol contract size or tick value incorrectly, the EA will over- or under-size every trade. This calculator is a quick sanity check: paste your broker's reported pip value into the same pair/lot combo and it should match to within 0.5%.
USDJPY's quote currency is JPY, so pip value depends on the current USDJPY rate. At 150.00 the pip value on 1 lot is about $6.67 — entered with Quote→USD = 1/150 = 0.00667.
Close but not identical. MT5 tick value is reported per 'tick' — which is often 1 point (1/10 of a pip) for 5-digit brokers. Multiply MT5's SymbolInfoDouble(symbol, SYMBOL_TRADE_TICK_VALUE) by 10 to get pip value.
Only for pairs where your account currency isn't the pair's quote currency. On a USD account trading EURUSD, it's always $10/lot. On a USD account trading USDJPY, it moves with USDJPY's rate.