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Daily Profit Calculations
Jun 18, 2023 at 09:43
614 Views
3 Replies
Member Since Mar 31, 2023
8 posts
Jun 18, 2023 at 09:43
Hi
I live in Australia, so the cycle for me is 8am until 7am the following day i think.
I have a number of accounts and I am trying to work out the profit for a 24 hour period of trading. Can someone guide me in the best way to do this please.
I live in Australia, so the cycle for me is 8am until 7am the following day i think.
I have a number of accounts and I am trying to work out the profit for a 24 hour period of trading. Can someone guide me in the best way to do this please.
Jun 18, 2023 at 13:03
The methods below should be followed to determine the profit for a 24-hour trading session involving multiple accounts:
Determine the start and end times.
Gather trading data.
Calculate the profit or loss per trade.
Sum up the profits and losses from all trades.
If I get you right.
Determine the start and end times.
Gather trading data.
Calculate the profit or loss per trade.
Sum up the profits and losses from all trades.
If I get you right.
Member Since Apr 26, 2023
25 posts
Jul 05, 2023 at 17:36
Note starting balances.
Track trades: entry/exit prices, volumes.
Calculate profit/loss per trade.
Sum up individual profits/losses.
Consider additional factors (fees, interest).
Total profit/loss for the 24-hour period.
Track trades: entry/exit prices, volumes.
Calculate profit/loss per trade.
Sum up individual profits/losses.
Consider additional factors (fees, interest).
Total profit/loss for the 24-hour period.
forex_trader_3332733
Member Since Jun 26, 2023
40 posts
Jul 06, 2023 at 00:30
Shiloh2001 posted:
Hi
I live in Australia, so the cycle for me is 8am until 7am the following day i think.
I have a number of accounts and I am trying to work out the profit for a 24 hour period of trading. Can someone guide me in the best way to do this please.
Pretty simple. I check daily profits using Daily candles, You should use UK open as standard, that is what I use.
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