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Reputation: 6311

TradingView Strategy Tester Profit Calculation formula

How does TradingView's Strategy Tester really calculate the profit?

I read an article in their Help center. It states that they calculate it by (close rate - open rate).

My attempt

In my case, for the first order, it would've been 3.6307 - 3.5487 = 0.082. $0.082 is definitely not $6.28.

The Profit % however matches, even tho I didn't include the fees. profit % = (close rate - open_rate) / open_rate * 100 = (3.6307 - 3.5487) / 3.5487 * 100 = 2.3107053287119226759094879815144 (matches)

How did they receive $6.28 profit?

enter image description here

Upvotes: 1

Views: 1443

Answers (1)

Charizard_knows_to_code
Charizard_knows_to_code

Reputation: 430

First, lets calculate your Gross Profit:

Profit is :(3.6307-3.5487) * 84 = 6.888 
//Sell Price - Buy price times the contracts you traded

//Commission is 0.1% of the value traded; that means the commission you pay is 

(3.6307 + 3.5487) * 84* 0.1% = 0.6031........ 
//I combined calculation for buy side and sell side here

Net profit = 6.888 - 0.6031 = 6.2849 (appx)

Upvotes: 2

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