Formula for calculating profits

[Oleksnadr Myronchuk]

I made a purchase at a price of 0.9615 and sell it when the price was 0.9586.

other parameters look like this:

spread 0,0004

volume 0,2

leverage 1:100

balance 10000

I try to calculate the profit:

((open_price - close_price) - spread) * (volume * balance * leverage) = profit

So, if we substitute numbers:

((0.9615 - 0.9586) - 0.0004) * (0.2 * 10000 * 100) = 500.00

but in the history of deals shows the following: profit 60,50

Please explain what parameters I need to take into the formula for calculating profits. What is the formula for calculating profit ?

[Dr Matthias Hammelsbeck]

Oleksnadr Myronchuk:

I made a purchase at a price of 0.9615 and sell it when the price was 0.9586.

other parameters look like this:

spread 0,0004

volume 0,2

leverage 1:100

balance 10000

I try to calculate the profit:

((open_price - close_price) - spread) * (volume * balance * leverage) = profit

So, if we substitute numbers:

((0.9615 - 0.9586) - 0.0004) * (0.2 * 10000 * 100) = 500.00

but in the history of deals shows the following: profit 60,50

Please explain what parameters I need to take into the formula for calculating profits. What is the formula for calculating profit ?

First remark: you sold at 0.9615 and bought at 0.9586.

The formula for short position: 

profit = (close_price - open_price) × Contract size × Lots.

 By using your numbers you get 58 CHF.

Now you must convert this value to your depot currency using the former currency exchange rate.

Hope that helps.

Matthias