ALUMINIUM Pip Value Calculator

Knowing what one point of ALUMINIUM is actually worth, before you size a trade, is what this calculator answers — using ALUMINIUM's own real contract size and point value rather than a flat forex assumption.

How do I calculate pip value for ALUMINIUM?

At ALUMINIUM's stored contract size (1,000 units per lot), here's what one point of movement is worth at three common lot sizes.

Say a trader opens 1.00 lot of ALUMINIUM, with a stop loss 48 points away and a take profit 96 points away.

Why does pip value change between instruments?

Pip/point value depends on an instrument's own contract size convention and current price, not a universal rule. ALUMINIUM is worth $1,000.00 per point per lot at its stored contract size — a different contract size (common across brokers for commodity) would scale that figure directly.

Why is pip calculation different for non-standard-decimal instruments like this one?

Most forex majors use a 4-decimal pip convention, but plenty of instruments don't: JPY pairs use 2 decimals, and ALUMINIUM uses its own quoting convention (one point here equals a raw price move of 1). This calculator uses ALUMINIUM's own real pip/point size rather than assuming the generic 4-decimal convention, which would silently miscount the move.

Conclusion

This only holds if 1,000 units per lot is actually your own broker's real contract size for ALUMINIUM — it's a figure that varies by broker, especially outside plain forex majors. Always confirm your own platform's ALUMINIUM specification (Market Watch, then Specification) before trusting a pip/point value for a real trade. See the difference between points and pips, Wikipedia's entry on percentage in point (pip) for the underlying concept, and real MT4 screenshots comparing pip value across different lot sizes.

Contract specification

Frequently asked questions