How to calculate profit in ea

zleepan · #1 (**permalink**) 09-04-2006, 03:04 PM

Been looking around and did not find my answer for this question

i want to know how to calculate the profit/loss

but i dont want it to calculate the totalprofit so using orderprofit will not work because it calculates the profit loss on all open pairs.

here is an example

i have the following open positions

i want to calculate the profit/loss on this hedge
Long gbpusd
short eurusd

and on this hedge
long eurusd
long usdchf

the to hedges should be calculated seperatly

zleepan

Kalenzo · #2 (**permalink**) 09-04-2006, 03:24 PM

First selcect order that u want to count (by magic number or position , and currency)

And then:

For long orders:
Bid - OrderOpenPrice() - Spread;
For short orders
OrderOpenPrice - Bid;

forex_trader · #3 (**permalink**) 09-06-2006, 02:47 PM

you can use:

if(OrderSelect(10, SELECT_BY_POS)==true)
Print("Profit for the order 10 ",OrderProfit());

Kalenzo · #4 (**permalink**) 09-06-2006, 02:49 PM

Quote:

Originally Posted by forex_trader

you can use:

if(OrderSelect(10, SELECT_BY_POS)==true)
Print("Profit for the order 10 ",OrderProfit());

Hi forex_trader, did u read the question?

Quote:

Originally Posted by zleepan

but i dont want it to calculate the totalprofit so using orderprofit will not work because it calculates the profit loss on all open pairs.

phoenix · #5 (**permalink**) 09-06-2006, 03:11 PM

buy :
{(OrderClosePrice-OrderOpenPrice)*lotsize*ContractSize}/OrderClosePrice

sell :
{(OrderOpenPrice-OrderClosePrice)*lotsize*ContractSize}/OrderClosePrice

codersguru · #6 (**permalink**) 11-23-2006, 12:58 PM

Quote:

Originally Posted by Kalenzo

First selcect order that u want to count (by magic number or position , and currency)

And then:

For long orders:
Bid - OrderOpenPrice() - Spread;
For short orders
OrderOpenPrice - Bid;

Maybe this formula better:

PHP Code:


			
if(OrderType()==OP_BUY) 
profit = (Bid - OrderOpenPrice()) / MarketInfo(OrderSymbol(),MODE_POINT); 

            if(OrderType()==OP_SELL)
profit = (OrderOpenPrice() - Ask) / MarketInfo(OrderSymbol(),MODE_POINT);