Inside this article

What to verify

EURJPY quotes yen per euro. The monetary value of a pip depends on contract size, volume and account currency; never assume that one fixed pip value applies to every MT5 broker.

Practical procedure

Inspect the MT5 symbol specification and record contract size, tick size, tick value, minimum volume and spread. Compute the movement in JPY first, then convert to your account currency using a contemporaneous exchange rate.

Common mistakes

Do not confuse pip and point. A conventional JPY-pair pip is often 0.01 while the displayed point may be smaller. Check Digits and Tick Size; an XAUUSD sizing formula does not transfer to EURJPY.

Verification checklist

Estimate planned loss at the stop in account currency, allowing for distance, volume, spread, commissions and conversion. Reconcile the estimate with the risk calculator and a minimum-size demo execution.

Interpreting the outcome

Different brokers can display different theoretical losses for the same lot count. Verify contract specifications and conversion before blaming the formula. Define the technical stop first, then size the position.

Limitations and sources

Primary references are MetaTrader 5 documentation, live broker symbol specifications and account deal history. Contract settings vary; the worked procedure is educational, not an entry signal.

Sources