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submitted by
bc_varney
8 months, 10 days ago
— Peformance evaluation is critical to improvement.
A key trading parameter is the "Basis Average Price" and "Basis Closed P&L" . These two give the trader a means of evaluting per trade performance.
Calculating trade performance are done as follows:
Pips from trade = Basis Average Price - Price from the closing trade ( produces total pips)
Performance = Basis Closed P&L divided by Pips from trade
The performance calculation produces a number. As trades improve the number increases. This way the trader can track daily trade efficiency and do more of the trades that make the higher number.
Problem: The "Basis Average Price" and "Basis Average P&L" are turned off in Forex. The "Total Average Basis" is only visible during a trade. Once the trade is complete and lots=0 the Total Average Basis value is erased. If entries or exits were made in quick succession just before closing the position it is almost impossible for the trader to record the Total Basis Average price before it is erased. There just isn't any easy way to get the Basis value for pips and P&L with out these values. Value can be reconstructed using the order book but if I have many trades that can be difficult.
Suggestion: Is it possible to turn the Basis Average and Basis Average P&L back on. Basis Average was active over 1.5 years ago. If that can't be done can the Total Cost Basis value remain visible at the close of a trade. (lots value returned to zero)
3 comments
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category: MBTDesktopPro | Views: 3
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tags:
navpro | tag it
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