EarnForex
Incorrect commission calculation?
I've seen the other similar closed issues and I understand that those were indeed correct but the results I'm getting is seem different.
In the screenshot above, when UseCommissionToSetTP = true, commission = $8.25
- Why is Risk, USD Input = Results? It seems like it's ignoring commission.
- Reward, USD Input seem high, shouldn't it be commission + result?
Please correct me if I'm wrong, I love your EA.
First of all, thanks for having checked previous closed issues on this topic!
As for this case, the idea is that if you leave the TP line where it is now and then remove the commission, the position size will also increase, resulting in an even higher potential reward.
Sorry, you're probably right but I'm just looking for clarification.
If my calculation is correct, Risk should be 101.33 - 8.25 = 93.08 and Reward should be 101.33*2 + 8.25 = 210.91
Am I wrong?
No, the risk stays the same in the left column because it's just % x Balance. And the reward stays the same there because it's basically (TP distance / SL distance) * Risk.
Ok, I think I get it.
Is it possible to change risk value to include commission. So that when it hits stop loss, the total loss (including commission) equals the risk %?
But it already does include that. If you lose that trade, you lose 101.14 as is written in the Risk Result column.
Currently if you lose that trade you lose 101.14, but you also lose 8.25 commission, so 101.14+8.25 is more than 1% of account. Sorry if I wasn't clear on that, hopefully that was better.
OH! okay, so the results column is not the "final" value when you enter trade? I just entered a demo trade and the amount at SL and TP is very close to what I thought it should be, which is
SL = (Risk, USD Results) - Commission TP = (Reward, USD Results) + Commission
I guess it's not exact because of lot step size.
The Results column is the final value. There should only be minor differences due to rounding or currency rate changes (when profit currency is different from the account currency).
To be honest, I'm still confused but I appreciate your time and effort so I'm going to leave it here.
Can I request a feature? Right now, you can input "TP Multiplier for SL Value" but it'd be nice if there was a TP Multiplier text field on the interface so you can change it on the fly.
Thanks!