How to calculate P/L?
 Biedrs kopš Nov 21, 2014  1 ieraksti bellco Apr 19 2015 at 06:38 OK: Trying to get an estimate of an EA-s profitability.So, as an approximation, I will take a (good) medium day on eurusd...Fri, Mar 6, 2015. Hi 1.1028, Low 1.0839; day's range=0.0189 (to 4 decimals)investing 0.0015 lot= \$15. for the day; High minus LowSo, day's profit calculation is (approximately) lot size x #pips; or 0.0015x189=0.2835What is this in dollars? Would I make about \$28?Please help.Thank you. Biedrs kopš Feb 18, 2014  85 ieraksti growthera Apr 20 2015 at 06:38 it's good to know the value of 1 pip. In this case, assuming your account is in USD, \$1. So yes, it's \$28. But, this will not be the case with non US currencies. There is a good article explaining this on investopedia: https://www.investopedia.com/ask/answers/06/pipandcurrencypair.asp Lūdzu ienāciet, lai komentētu.
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