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Charts Pips Won/Lost Incorrect vote results

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Charts Pips Won/Lost Incorrect Discussion

mlollar (mlollar)
Apr 27 2010 at 15:05
44 posts

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.
Staff (Staff)
Apr 29 2010 at 11:05
1387 posts
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!

andreilupusoru (andreilupusoru)
May 06 2010 at 11:04
6 posts
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

mlollar (mlollar)
May 06 2010 at 14:51
44 posts
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.
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