Support Board
Date/Time: Sun, 24 Nov 2024 01:35:46 +0000
[User Discussion] - P&L Calculation
View Count: 2135
| [2013-08-20 20:13:08] |
| rwilliams1 - Posts: 346 |
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Is there a way to make the real time P&L of a trade be based on the bid and ask prices? For instance, if I have a Buy order that was just filled, is there a way to have the real time P&L be based on what the current Bid price would be (the price I can currently sell at)? Or vice/versa if I have a Short trade that is filled, is there a way to have the real time P&L be based on the current Ask price would be (the price I can currently buy at)? I'm asking because at the moment, my actual real time p&l is slightly off because it doesn't take into account what the current spread prices are. Thanks, your help is appreciated. |
| [2013-08-21 00:04:42] |
| Sawtooth - Posts: 4118 |
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Here's a spreadsheet study that does it: http://www.sawtoothtrade.com/free-stuff-1.html Date Time Of Last Edit: 2015-08-14 01:43:25
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| [2013-08-21 04:42:10] |
| rwilliams1 - Posts: 346 |
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Thanks so much... Any chance that this feature could be integrated into the main program? I would think it is a very useful feature for showing accurate p&l calculations if traders are buying and selling at the bid and ask which I assume the majority of traders do.
Date Time Of Last Edit: 2013-08-21 04:44:02
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| [2013-08-27 18:30:44] |
| rwilliams1 - Posts: 346 |
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Just following up on my previous post to see if there is any chance of integrating this feature into the program. It's especially burdensome when spread trading two instruments and trying to plot the difference between the two. Having each chart based on the last price instead of bid/ask makes it virtually impossible to get an accurate p&l. Thanks.
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| [2013-08-27 19:57:26] |
| joshtrader - Posts: 488 |
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+1 The P/L should show, IMO, the profit or loss if one were to close the trade manually at that exact moment (by using "Flatten" or some other method), which of course means selling at the bid and buying at the offer. Date Time Of Last Edit: 2013-08-27 19:58:50
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| [2013-08-28 19:22:53] |
| User30668 - Posts: 108 |
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+1 I completely agree. This would be very useful. |
| [2013-08-28 20:37:15] |
| Futures Operator - Posts: 239 |
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+1, agree, only way it makes sense.
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| [2013-09-04 00:24:20] |
| rwilliams1 - Posts: 346 |
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To SC Tech Support. I understand you're probably busy and may not be able to immediately respond to the most recent posts above. However, would you be able to at least acknowledge whether or not you have received the most recent posts above regarding the p&l display? Thank you.
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