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Confused About Wins/Losses Ratio

  • #1
  • First Post: Jan 13, 2019 10:47am Jan 13, 2019 10:47am
Okay I had 3 small winning trades over a 3 day period making 12.5 pips after the spread I scaled out 3 times per trade took off 98% of my position at target 1 another 1% exit as target 2 and final 1% at target 3.

On the 4th day I hit a 5.4 pip loss on 0.5 lot which is the same I trade with the 3 other days. Overall i was 7.1 pips in profit over the 4 days however my account was in the negative and all those wins over 3 days were gone with 1 loss of 5.4 pips?

I'm confused with this?
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  • #2
  • Jan 14, 2019 4:24am Jan 14, 2019 4:24am
check the comission and swap.
  • #3
  • Jan 14, 2019 4:53am Jan 14, 2019 4:53am
Quoting Pipanator
Okay I had 3 small winning trades over a 3 day period making 12.5 pips after the spread I scaled out 3 times per trade took off 98% of my position at target 1 another 1% exit as target 2 and final 1% at target 3. On the 4th day I hit a 5.4 pip loss on 0.5 lot which is the same I trade with the 3 other days. Overall i was 7.1 pips in profit over the 4 days however my account was in the negative and all those wins over 3 days were gone with 1 loss of 5.4 pips? I'm confused with this?
Dear Pipanator,

I can guarantee anyone reading will be as confused as you are because not all of the info is provided. If you would like others to try and help, please include more details like what were you trading. You can even paste a history of the trades with covered personal info. All instruments all have different prices for spread cost.

There are also swaps and commissions to check. Keep in mind commonly there is 3x swaps on Wed/Thurs, which can be in points and judging by your targets the tipple swap could have impacted your closed remaining profits.

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #4
  • Jan 15, 2019 2:34am Jan 15, 2019 2:34am
I am trading the GBPUSD. I don't hold position overnight. I'm trying out a commission based ecn broker, which I calculated to be cheaper, plus as a scalper you get more accurate prices.

I just found out that the brokers take more than 1 spread from your trade if you have 3-4 profit exit levels! They take a percentage off each one rather than only the 1 spread from the start of the trade! Apparently the ecn accounts with commission with little spread take less away from you overall in my opinion unsure for longer term traders.
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  • #5
  • Last Post: Jan 15, 2019 6:57pm Jan 15, 2019 6:57pm
Quoting Pipanator
I am trading the GBPUSD. I don't hold position overnight. I'm trying out a commission based ecn broker, which I calculated to be cheaper, plus as a scalper you get more accurate prices. I just found out that the brokers take more than 1 spread from your trade if you have 3-4 profit exit levels! They take a percentage off each one rather than only the 1 spread from the start of the trade! Apparently the ecn accounts with commission with little spread take less away from you overall in my opinion unsure for longer term traders.
Dear Pipanator,

So, spread is the gap between the Bid and Ask, right? In the end, it is the same if closing out not a volatile times. For example, At $10 per pip, if you close 1 lot position for 12 pips with 2 pip spread ($120 - $20 = $100) or close 0.5 lots and then another 0.5 lots for 12 pips with 2 pip spread on each too ( $60 - $10 and $60 - $10 = $100 ). This is the percentage you mentioned, and in that case it was 50% spread or half the spread as half the position was closed. Spread is in effect from opening the position, but can change while your trade is active. Best to place trade at lowest/ average spread and close it at the same.

In both cases the final spread cost is the same regardless in how many bits you closed the trade, if closed in similar market conditions.

Hope that helps,
Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
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