Pip is calculated based on a few things, and regardless of what you are trading, you might find the lowest allowed pip value to be a common element. Contract size might be adjusted accordingly. If we take Forex as an example, a lot equals 100000, Energy equals 10 and so on, but they all have a pip value of 0.1 USD. I've already done a calculation to make it easier for you, especially if you use an EA. First, we need to calculate 100 Pip Value which is equivalent to 1.00 lot, because it equals Minimum Lot size which is allowed by Meta Trader * Tick Value which is located in market section as part of symbol specification * 100, then if Minimum Allowed Lot is 0.01 we split the result of 100 Pip Value formula on 100 and you will have the Pip Value.