zero profit indicator - I need it
Current price(cp) at any moment defines the profit loss of your trades along with the trades open price(op) and the number of lots(nl) placed on the trade. So if in a buy or long situation
(cp-op)*nl = Profit loss
adding more trades then trade 1 has open price of op1 with lots nl1 trade2 has open price of op2 with lots of nl2 so to find the break even price solve for cp in
(cp-op1)*nl1 + (cp-op2)*nl2 + (cp-op3)*nl3 = 0
cp = (op1*nl1+op2*nl2+op3*nl3)/(l1+l2+l3) for current price break even point of multiple trades with different size lots
iExposure
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Does anyone have zero profit indicator for opened trades?
Assuming you have 10 trades opened in gold, I want to know at what point, there is zero profit if I close them all...
Would be nice if it worked for all trades, for only buy trades and for only sell trades.
In other case, how do you calculate that? :p