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mt4 position size and expected profit vs actual profit issue

  • Post #1
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  • First Post: Jun 5, 2015 2:28am Jun 5, 2015 2:28am
  •  Cobby
  • | Joined Aug 2010 | Status: Member | 286 Posts
A question for the position size guru's... using mt4

I've just come across a position size issue and wonder if someone might be able to explain it for me?
in mt4 i have a significant difference in my expected profit and shown actual profit

profit long 1 >> the position size is 0.06 and the current profit is 1 point...yet the actual profit displayed is $0.08 --- my expected profit was 0.06*1 = $0.06
profit long2 >> the position size is 0.06 and the current profit is 57 point...yet the actual profit displayed is $4.45 --- my expected profit was 0.06*57 = $3.42
profit short 1 >> the position size is 0.06 and the current profit is 36 point...yet the actual profit displayed is $2.81 ---my expected profit was 0.06*36 = $2.16

each shows roughly an increased position size of 0.018 greater than expected.
when the position is in negative territory the result is amplified even more at roughly 0.02 greater than expected.

does anyone know what is going on here?
is this happening to anyone else?
thanks in advance,

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  • Post #2
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  • Jun 5, 2015 2:35am Jun 5, 2015 2:35am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,423 Posts
Your account is it in dollars?
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #3
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  • Jun 5, 2015 2:38am Jun 5, 2015 2:38am
  •  Cobby
  • | Joined Aug 2010 | Status: Member | 286 Posts
in AUD FerruFX
 
 
  • Post #4
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  • Jun 5, 2015 2:44am Jun 5, 2015 2:44am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,423 Posts
Quoting Cobby
Disliked
in AUD FerruFX
Ignored
So there's no issue. You must take in consideration the pip value in your calculation.
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #5
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  • Jun 5, 2015 2:50am Jun 5, 2015 2:50am
  •  Cobby
  • | Joined Aug 2010 | Status: Member | 286 Posts
Quoting FerruFx
Disliked
{quote} So there's no issue. You must take in consideration the pip value in your calculation.
Ignored
ahh yes of course, I can't see the forest for all the trees occasionally.

thank you, FerruFX...
 
 
  • Post #6
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  • Jun 5, 2015 3:06am Jun 5, 2015 3:06am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,423 Posts
You're welcome!
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #7
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  • Last Post: Jul 2, 2020 7:44pm Jul 2, 2020 7:44pm
  •  Gbera
  • | Joined Jul 2020 | Status: Junior Member | 1 Post
Please I need an indicator that can divide my screen view to multiple view for the same pair using different time frame, and what am doing in one will be reflected in all views
 
 
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