DESCRIPTION: Below you can find a guidance in case you want to calculate the profit or loss in MT5
POSSIBLE REASON: You might be wondering on the steps on how to calculate profit/loss in MT5 to ensure you're getting the correct amount of winning/loss in order to optimize your trading strategy
RESOLUTION STEPS:
- Calculate the profit/loss which is determine by the differences between sell and buy price:
- For Buy Positions: Change in price = (Contract Close Price) - (Contract Open Price)
- For Sell Positions: Change in price = (Contract Open Price) - (Contract Close Price)
- Calculate the contract size based on lot size. For this case, the lot size is 0.01 which means the contract size is 0.01 x 100,000 = 1000
- Raw profit/loss is Change in price x contract size
- The contract size is related to to Lot size. 1 Lot equal to Contract Size. In this case for AUDCHF, 1 lot = 100,000
- For Forex, kindly convert the amount you get in raw profit/loss from the you're trading currency back to USD. For this case, which is from CHF back to USD