The formula to calculate the PIPS profit is:
\[ \text{Ppips} = \text{PG} \times \text{V} \]
Where:
A PIP (Percentage in Point) is a unit of measurement used in forex trading to express the change in value between two currencies. It is typically the smallest price move that a given exchange rate can make based on market convention.
Example:
Calculation:
\[ \text{Ppips} = 150 \times 0.10 = 15 \text{ dollars} \]
