Enter the total number of pips gained and the value of each pip ($) into the calculator to determine the PIPS Profit.
PIPS Profit Formula
The following formula is used to calculate the PIPS Profit.
Ppips = PG * V
- Where Ppips is the PIPS Profit ($)
- PG is the total number of pips gained
- V is the value of each pip ($)
How to Calculate PIPS Profit?
The following example problems outline how to calculate PIPS Profit.
Example Problem #1:
- First, determine the total number of pips gained. In this example, the total number of pips gained is given as 100.
- Next, determine the value of each pip ($). For this problem, the value of each pip ($) is given as 20.
- Finally, calculate the PIPS Profit using the equation above:
Ppips = PG * V
The values given above are inserted into the equation below:
Ppips = 100 * 20 = 2000 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total number of pips gained = 300
value of each pip ($) = 20
Entering these values and solving gives:
Ppips = 300 * 20 = 6000 ($)
