Thank you for your response. However, it did not address my specific query regarding the calculation of Stop Loss and Take Profit values in the input fields before opening a position. I am seeking clarification on how the Entry Price is determined.
In your previous response, you provided the formula for P&L calculation as: (ππππ’ππΓ(πΈππ‘ππ¦πππππβπ΅ππ/π΄π ππππππ))β(πΆπππππ π ππππ +ππ€πππ )(VolumeΓ(EntryPriceβBid/AskPrice))β(Commissions+Swaps)
If the Entry Price is the same as the Bid/Ask Price (for example, 3152), and considering a Volume of 1 with Commissions and Swaps as 0, the result would be: 1Γ3152β3152β(0+0)=00Γ3152β3152β(0+0)=0 This result appears to be incorrect.
I am specifically inquiring about the functionality within Spotware's cTrader, as shown in the attached screenshot. How are these calculations interconnected? For instance, if I enter 100 pips, how is the price formulated as 64517.05, when my current price is 64528.600? Additionally, could you provide detailed documentation on these calculations?
Your assistance in clarifying these points would be greatly appreciated. Thank you.
Saad_D
06 May 2024, 12:01 ( Updated at: 07 May 2024, 05:53 )
RE: Inquiry Regarding Stop Loss and Take Profit Formulas in cTrader
PanagiotisCharalampous said:
Thank you for your response. However, it did not address my specific query regarding the calculation of Stop Loss and Take Profit values in the input fields before opening a position. I am seeking clarification on how the Entry Price is determined.
In your previous response, you provided the formula for P&L calculation as: (ππππ’ππΓ(πΈππ‘ππ¦πππππβπ΅ππ/π΄π ππππππ))β(πΆπππππ π ππππ +ππ€πππ )(VolumeΓ(EntryPriceβBid/AskPrice))β(Commissions+Swaps)
If the Entry Price is the same as the Bid/Ask Price (for example, 3152), and considering a Volume of 1 with Commissions and Swaps as 0, the result would be: 1Γ3152β3152β(0+0)=00Γ3152β3152β(0+0)=0 This result appears to be incorrect.
I am specifically inquiring about the functionality within Spotware's cTrader, as shown in the attached screenshot. How are these calculations interconnected? For instance, if I enter 100 pips, how is the price formulated as 64517.05, when my current price is 64528.600? Additionally, could you provide detailed documentation on these calculations?
Your assistance in clarifying these points would be greatly appreciated. Thank you.
@Saad_D