Charts Pips Won/Lost Incorrect vote results
Charts Pips Won/Lost Incorrect Discussion
Apr 27, 2010 at 15:05
788 Views
3 Replies
Apr 27, 2010 at 15:05
If I go long 1 lot and it loses 100 pips, but go short 3 lots and it wins 50 pips, by a fixed calculation of pips, I'm down 50 pips. However I won $50 So in reality I should be showing a win of 50 pips overall. The calculation would be (3 * 50) - (1 * 100) = 50. Pip calculations should take lot sizes into account and from what I see on the charts that display pips won/lost they don't. I'll see for any given day when the account is up, the pips calculation is negative.
The World's Currency Market is Our Oyster.
Member Since Jul 31, 2009
1444 posts
Apr 29, 2010 at 11:05
Well, it's not an error in the calculation, just a different calculation from what you've described. Your observation is correct and it's indeed absolute pips chart and not averaged as you've described.
Added to our to do list - thanks for the suggestion!
Added to our to do list - thanks for the suggestion!
Member Since Nov 10, 2009
6 posts
May 06, 2010 at 11:04
Those lot sizes are taken into account when you take a look at the equity. I don't think it's needed. I like it the way it is. If I win 10 pips with 10 lots, and loose 100 pips with 0.1 lot I think that the chart should show me that I'm not very good with winning pips not that I'm a winner. (10*10)-(0.1*100) = 100-10 = 90. This is not what I want to see
May 06, 2010 at 14:51
Except your pips are worth different values and you can't compare a $10 pip with a $1 pip. I see what you are saying and that would be reflected in your balance. I'm winning dollars but losing pips and doesn't make sense. Maybe it should be a user option to do it either way.
The World's Currency Market is Our Oyster.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
