How will Expert Advisors (EA’s) be affected by the introduction of the 5th decimal point?
Some if not all EA’s will be affected by the introduction of a 5th decimal point. To make sure that your EA is brought into line with this change you must adjust your take profit / stop loss settings, as well as any other pip value related parameters by multiplying your current levels by 10. For example, if you are currently using a stop loss level of 40 pips and a take profit level of 80 pips on each trade, in order to bring your EA in-line with the new pricing format, you must change your take profit level to 800 and your stop loss level to 400 respectively. Also, please be aware that some EA’s may need more fundamental changes to their code for them to be compatible with the new pricing format. To make sure your EA works as you expect, we advise that you contact your EA provider to implement the necessary changes, as well as testing the new version on a demo account.