'Please upload your account into ForexFactory, you will understand very quickly!!'
No,no I really wouldn't. I told you I am not a trader like you. I see no reason to be concerned from moment to moment. If you opened a trade with the take profit of 20 pips, would you say to your clients at 19 pips that your profit is, what ever 19 pips greater than the balance is? You would be misleading them unless you closed the trade right then. It isn't anything while the trade is open. It is in a potential state, not a state of existence. It has the potential to be a profit or loss but without the key element of closing the trade, everything is still in flux. When the trade closes then, and only then is a record made. It is digital not analog. You win or you lose, ones or zeros.
Even matter when not directly observed is in a state of potential. It is called into the state of existence by some act. A profit or loss on a trade does not exist until the trade is closed. That act of closing the trade, completing the loop, calls a profit (or loss) into existence. All you have to do is to not close the trades until they are in profit and keep enough money in the account that the broker doesn't close them either.
Are you making money with your own automated trading skills? Do you know good people that have coded automated systems for Metatrader for you? Do you have customers that pay you for your knowledge or programming services?
I am making money from my automated trading systems and I do all my own coding for MT4 and cTrader(cAlgo). I have customers pay me for my reverse engineering skills, programming projects, and sale of fully automated trading systems. I would be happy to assist you and be part of your network.
ForexAssistant posted: It isn't anything while the trade is open. It is in a potential state, not a state of existence. It has the potential to be a profit or loss but without the key element of closing the trade
I'm not an expert into accounting, but all I know his you have to declared everything... including current positions even if not closed. It will declared into differents boxes as you say they aren't closed yet.... but you can't ignore them. They are part of the game now.
ForexAssistant posted: If you opened a trade with the take profit of 20 pips, would you say to your clients at 19 pips that your profit is, what ever 19 pips greater than the balance is? You would be misleading them unless you closed the trade right then.
In any case, I would mislead anyone by mentionning actual state, It is better to warn that the picture of accounting may be changed by current positions. Now, and this is a fact that you can't ignore, by having a green equity, you could have already placed positive StopLoss.... things that you can't do when equity is red.... therefore, by not mentionning red equity, you mislead... not the opposite case.
Anyway, don't be surprise in future if people say you are up +6%... 90% traders would consider it like this. I can understand that is better to look at 53% rather than 6%.... but you close your eyes on reality.
@RedRhinoLab : Nice, finally someone with a real business, lots of experience, 15 year track records for his systems and a professional communication pattern. If you have read the original topic and if you are interested to team up: How much do you charge?
'15 year track records', Oanda took the first trade for a non millionaire in the summer of 2001. The forex spot market did not exist before that. 4/15 - 6/01 is less than 14 years and I doubt your trader was the one that was first. Back then, you still had to have hundreds of thousands to work with or you couldn't get in. Unless of course you guys want to change history too, in which case this forum has become fantasy island and all conversation is basically pointless.
Actually since we can not agree on basic definitions further conversation on any point is rather pointless. So I will bid you gentlemen adieu and I hope you find whatever it is you're looking for in Life.....