PipForge™ is a professional-grade pip value calculator built for traders who demand accuracy beyond the basics. Unlike generic calculators, PipForge™ handles forex, indices, gold, and crypto, converting pip values directly into your account currency.
Even more, it goes beyond standard pip rounding by calculating pipettes, the extra decimal place that makes all the difference for scalpers, algo traders, and high-volume positions. PipForge™ is designed to deliver the level of precision required for serious risk management.
created by Adrian Volkov
reviewed byJaron Bancroft
PipForge™ Pip Value Calculator
Input Parameters
How to Use PipForge™ for Exact Pip & Pipette Values
PipForge™ is a precision pip value calculator engine for professional risk management. It supports forex, indices, metals, energy, and crypto, converts results into your account currency, and, unlike basic tools, calculates pipettes (the extra decimal place) for scalpers and algorithmic traders.
- Select Instrument & Account Currency: Choose your pair or symbol (e.g., EUR/USD, GBP/JPY, XAU/USD, BTC/USD) and your account currency (USD, EUR, GBP, JPY, etc.).
- Enter Lot Size: Standard, mini, micro, or any custom size. The engine adapts tick/pip sizes per instrument.
- Calculate: Instantly get the value per pip and per pipette in your account currency.
- Apply to Position Sizing: Multiply by stop distance to set risk, or invert to determine lot size for a fixed money risk.
Why Pipette Precision Improves Risk Management
Most pip value calculators round the results to whole pips and assume USD accounts. That’s fine for estimates, but it’s not enough for tight stops, volatile instruments, or large positions. PipForge™ outputs both pip and pipette values in your account currency to prevent hidden slippage in sizing.
- Scalping: A 0.1 pip difference compounds over dozens of trades.
- JPY pairs: Different decimal conventions (pip = 0.01) require correct handling of pipettes (0.001).
- Cross-currency accounts: Automatic conversion avoids manual errors when your account isn’t in the quote currency.
The Math Behind PipForge™
Key Definitions
- Pip (FX majors): 0.0001; JPY pairs: 0.01
- Pipette: one tenth of a pip (0.00001 for most FX; 0.001 for JPY pairs)
- Contract size (1 lot FX): 100,000 units of the base currency
Core Formula (When Account Currency = Quote Currency)
Pip Value (per lot) = Contract Size × Pip Size
Examples:
- EUR/USD: 100,000 × 0.0001 = $10 per pip (pipette = $1)
- GBP/JPY: 100,000 × 0.01 = ¥1,000 per pip (pipette = ¥100)
Cross-Currency Conversion (Account ≠ Quote)
First compute the pip (or pipette) value in the quote currency, then convert to account currency using the live FX rate:
Pip Value (account) = Pip Value (quote) ÷ Conversion Rate
Example (EUR account, GBP/JPY): ¥1,000 per pip ÷ EUR/JPY 160.00 ≈ €6.25 per pip (pipette ≈ €0.625)
Non-FX Instruments
- Indices/Commodities: Use instrument tick size & tick value; PipForge™ maps these, then converts to account currency.
- Gold (XAU/USD): Tick size often $0.01; value per tick depends on contract/lot mapping.
- Crypto (BTC/USD): Uses quote-currency ticks and converts results to your account currency.
Real-World Example
Scenario: You trade EUR/JPY from a EUR account with 1.20 lots. Your stop is 12.5 pips.
- Pip value (per lot): ~€6.25 (from example above)
- For 1.20 lots: €6.25 × 1.20 = €7.50 per pip
- Risk: €7.50 × 12.5 = €93.75
- Pipette value (per lot): ~€0.625 → for 1.20 lots ≈ €0.75 per pipette
That extra decimal place keeps your risk aligned to plan-critical for tight stops and larger sizes.
Pro Tips
- Scalpers: Use pipette values when stops are < 5 pips.
- Swing traders: Re-check value before events, conversion rates shift.
- Algo traders: Align your bot’s tick size with PipForge™ pipette output.
- Risk managers: Bake the pip value into a fixed-fractional model to keep R constant across symbols.
Frequently Asked Questions (FAQ)
Does PipForge™ calculate pipettes?
Yes. It returns both pip and pipette values for precise sizing, especially useful for scalping and automation.
Can I use non-USD accounts?
Absolutely. Results are converted into your selected account currency automatically.
Which markets are supported?
Forex majors/minors/JPY pairs, indices, metals (e.g., XAU/USD), energy, and popular crypto pairs.
How does it differ from basic calculators?
It supports multiple asset classes, cross-currency accounts, and pipette precision, with instant results. No manual conversions!
Is this suitable for beginners?
Yes. Enter symbol, lot size, and account currency; the tool handles pip size, tick value, and conversions.
Any best-practice guidance?
Use pip/pipette values to size positions before entry. Agencies like the CFTC and ESMA emphasize disciplined risk management for retail traders.
Join the Discussion
What’s your toughest pair for sizing—GBP/JPY, gold, or crypto? Share your position-sizing tips and pipette workflows below.