Use a forex pip profit calculator checklist to verify your inputs before you run the numbers: confirm the pair, pip size, trade direction, and the entry-to-exit distance in pips. Double-check the account currency and the exchange rate setting so the profit figure reflects your actual settlement currency.
Next, validate the position size and calculation basis (standard/mini/micro or units), then confirm spread and any commission assumptions. Finally, compare the computed result against a quick sanity check using pip value for your lot size—this step helps catch rounding errors and misread decimals.