How to calculate pips per week?

Hello,

I was wondering what's the right way to calculate pips per week? I've exported the detailed report per week from MetaTrader, opened in Excel and then added another column profit/lot size.

It turns out I have made 796 pips! This seems rather unrealistic, because say I might open a trade at 118.30 and then shortly another at 118.24 with TP of 117.70 and 117.64. Should in this case this be counted as 126 pips gain, or with some average method? What's the right way to go about counting pips?

Thanks!

I would say net gian/loss. If you average, then that is just what it is, an average of what you have made/loss, if you take net p/l then you know exactly where you are. Just my thoughts on that.

To clarify 796 pips is the net gain - net loss. How do I make the figure more realistic?

As was stated a long time ago on the forum here "pip counting is a mugs game" Acct balance is how score is kept in this game

One thing I do that makes accounting simpler is I make the trades in which I scale into into one trade w/ avg Entry and Exit if not all are closed at same time.

IMHO: MetaTrader gives an awkward format of data in ‘statement’.

There are some redundant and insufficient data.