% change should be changed! vote results
% change should be changed! Discussion
Nov 08, 2010 at 12:28
804 Views
5 Replies
Nov 08, 2010 at 12:28
Currently the % change shown after each trade is worked out on the starting capital, this is not a true reflection of the risk or reward of the trade to the account if the account has been around for a while and grown nicely.
I would rather see the % change worked out on the account balance as it was when the trade was opened not on what it was 6 months ago!
Vaco
I would rather see the % change worked out on the account balance as it was when the trade was opened not on what it was 6 months ago!
Vaco
vgauci3@
Nov 20, 2010 at 06:59
ROI is always calculated on the 'invested capital', irrelevant of whether or not each trade size is calculated based on the capital invested or on the current balance. (ie: compounded or not)
I guess since some people would also like to be able to see each trade's return as a % of the balance it was opened at, if this is going to be implemented, I recommend giving the user the option to select either option (in that column) to view stats based on his/her own preference.
I guess since some people would also like to be able to see each trade's return as a % of the balance it was opened at, if this is going to be implemented, I recommend giving the user the option to select either option (in that column) to view stats based on his/her own preference.
Member Since Sep 23, 2010
19 posts
Nov 20, 2010 at 10:09
Lets take one example, you deposited=$100 and now you have $1000 as your account balance. If you trade EUR/USD pair and win $100 on that trade making your total balance as $1100($1000+$100). Currently the % change is 100% oin myfxbook but it should be 10%(($100/$1000)*100) on that trade.
Everything belongs to God!
Nov 20, 2010 at 14:10
(edited Nov 20, 2010 at 14:12)
If we're talking in terms of ROI - yes it is indeed 100% that results from that single trade you've used as an example.
If we're talking in terms of 'change in account balance' then it would be the latter. (ie : 10%)
I guess, it's a case of preference at what one wishes to see.
Personally, I find it useful to see it as ROI (ie: as a % of capital invested)
UPDATE:
Since I wanted to verify the calculation, I just checked the calculations and the way it is currently, it is actually calculating this figure as a 'change in the account balance' and not as ROI. I guess we all made the same assumption.
I assumed too, that it was being calculated as ROI.
Therefore, this suggestion can be closed.
If we're talking in terms of 'change in account balance' then it would be the latter. (ie : 10%)
I guess, it's a case of preference at what one wishes to see.
Personally, I find it useful to see it as ROI (ie: as a % of capital invested)
UPDATE:
Since I wanted to verify the calculation, I just checked the calculations and the way it is currently, it is actually calculating this figure as a 'change in the account balance' and not as ROI. I guess we all made the same assumption.
I assumed too, that it was being calculated as ROI.
Therefore, this suggestion can be closed.
Nov 21, 2010 at 08:21
ranesh posted:
UPDATE:
Since I wanted to verify the calculation, I just checked the calculations and the way it is currently, it is actually calculating this figure as a 'change in the account balance' and not as ROI. I guess we all made the same assumption.
I assumed too, that it was being calculated as ROI.
Therefore, this suggestion can be closed.
I just checked it too and you are incorrect, it is calculated as ROI
vgauci3@
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