Backtesting: profits and base currency issue
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I've noticed that MT4 backtesting uses the entry price to convert profits into the base currency. Why so?
EUR/USD - Base currency: EUR
Buy Entry: 1.4100 | 1000€ = 1410$
Ipotetical Exit: 1.4200 => 1410$ /1.4200 = 992,957 => 1000€ - 992,957 = 7,04€ profit
Ipotetical Exit: 1.4000 => 1410$/1.4000 = 1007,142 => 1000€-1007,142€ = -7,14€ loss
Backtester says: 100pips = 10$ => 10$/1.41 = 7.09€ which is the mean of the previous two values.