By viewing profit and loss in pips, you can assess the success of your trades via the less emotionally loaded pips rather than dollar values.
In this article, we will guide you through the process of configuring TradingView to display profit and loss as pips. Whether you are a beginner seeking to understand the concept of pips or an experienced trader looking to streamline your analysis, this step-by-step guide will help you harness the power of pips within the TradingView platform.
Navigate to the TradingView website and login.
Select the asset you want to trade
Connect to BlackBull Market via the trading panel .
Right click on the chart and select ‘Settings’ or click the settings wheel in the top right corner.
Click on the ‘trading’ tab within the Chart Settings window.
Under the ‘appearance’ label, find the ‘Profit and Loss’ option. Next to this option is a drop-down menu. By default, this is set to ‘Money’. Select ‘Pips’ to view the performance of a trade in pips.
If you want to view the details associated with your take profit and stop loss in pips also, find the drop-down menu next to the label ‘Brackets profit & loss’, and change the default ‘Money’ to ‘Pips’.
Now when you open a trade, you will see that your trades performance is measured in pips rather than money.