Hi Folks.

Hope everyone is having a great weekend and resting up for next week's expected craziness.  Tuesday is the day the U.K. Parliament is scheduled to vote on P.M.Theresa May's Brexit plan, and to say that plan is unpopular is putting it mildly.  So the GBP charts are likely going to look like roller-coaster blueprints both before and after the vote.  So proceed this week with extreme caution.

But that's not the point of this email.  As the header indicated I have a very helpful tool for you to download right from this email (no webpage buffer needed for this one).

Thanks to Val in the trade room who passed this one along to me.

It's an indicator that calculates the value of the pips you are trading.  As you may or may not know, the EURUSD, USDJPY and GBPUSD have fixed pip values of $10 per pip.

All of the other pairs have pip values that vary over time, depending on current price.  For instance, as of this morning the GBPJPY was valued at $9.22/pip, while the GBPAUD was at $7.20 and the GBPCAD was at $7.53.

Maybe you don't care, but when I trade and aim for "20 pips" what I'm really looking for is 20 pips where the pip value will equal $200 (meaning the full $10 pip).  So when I am trading the GBPJPY, I actually need about 22-23 pips to get that same value.

It's a nice tool to have and worth looking at each morning to know hat my actual pip count will need to be if I'm going for my flexible 20 pips.

You can download right from here:  http://www.simple4xsystem.net/pipcalc.zip 

Unzip the file, deposit into your MT4 platform's indicator folder (File=>Open data folder=>MQL4=>Indicators is the file path you need to follow).  After you copy and paste the indicator into the folder, don't forget to turn your platform off and reopen.  then load the indicator as yo would any other indicator.

When you load onto a chart, under the Input tab you can adjust the lot size to whatever figure you are trading so you can get as accurate a value as possible.

I hope you find this as useful as I have, and a big thanks once again to Val for the share.

Jeff