Forex Pip Calculator

Forex Pip Calculator

Pip values in forex vary by pair type: USD-quote pairs (EURUSD, GBPUSD) have fixed $10/lot pip values. JPY pairs (USDJPY, EURJPY) have variable pip values. Cross pairs (EURGBP, GBPAUD) require an additional conversion step.

Forex Pair Specifications

• EURUSD: pip=0.0001, contract=100,000, pip_value=$10.00/lot
• GBPUSD: pip=0.0001, contract=100,000, pip_value=$10.00/lot
• USDJPY: pip=0.01, contract=100,000, pip_value=~$6.50/lot (varies)
• USDCAD: pip=0.0001, contract=100,000, pip_value=~$7.40/lot (varies)
• EURGBP: pip=0.0001, contract=100,000, pip_value=varies (cross pair)

Python Example

from gfil_calculators.position_size import calculate_position_size

# EURUSD with $5,000 account
result = calculate_position_size(5000, 1.0, 30, "EURUSD")
print(f"Lots: {result['lots']}, Risk: ${result['risk_amount']}")

# GBPJPY with $10,000 account
result = calculate_position_size(10000, 2.0, 40, "GBPJPY")
print(f"Lots: {result['lots']}, Risk: ${result['risk_amount']}")