ShareCharts Pips Won/Lost Incorrect Votes Results
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Charts Pips Won/Lost Incorrect Discussion
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Member Since Jan 24, 2010 44 posts
Victory Markets, LLC (mlollar)
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. |
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Member Since Jul 31, 2009 1126 posts
Ethan (Staff)
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.
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Member Since Nov 10, 2009 6 posts
Andrei Lupusoru (andreilupusoru)
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
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Member Since Jan 24, 2010 44 posts
Victory Markets, LLC (mlollar)
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.
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