How is the YTD calculated for a trading signal
Hi
How is the YTD is calculated, adding did not total as shown, comulative did not add up. Any idea? Thanks
The total growth of a signal is the accummulated profit on top of all prior profit.
So its not the accummulated month on top of the prior months only.
This is also how monthly profit works, accummulated new profit over all prior month's profit.
Hi
How is the YTD is calculated, adding did not total as shown, comulative did not add up. Any idea? Thanks
Had the same problem to understand the way to calculate the YTD return.
Its misleading for those who are interested to register for a signal.
Had the same problem to understand the way to calculate the YTD return.
Its misleading for those who are interested to register for a signal.
Its not misleading, its the correct way of calculating an investment's growth.
If you had invested in a signal from the very first day, this is how much (%) your investment would have grown.
The problem is that many signals are not published in MQL5 from their very first day, so people don't have the chance to witness their growth from up close.Hi
How is the YTD is calculated, adding did not total as shown, comulative did not add up. Any idea? Thanks
What is a YTD?
Year to date
Its not misleading, its the correct way of calculating an investment's growth.
If you had invested in a signal from the very first day, this is how much (%) your investment would have grown.
The problem is that many signals are not published in MQL5 from their very first day, so people don't have the chance to witness their growth from up close.Well, an simple answer for a YTD growth is the sum of the monthly growth.
For MQL5 is not the case. Take a signal, take the sum of its monthly return, they never match the YTD printed on the signal.
An example of a live signal on MQL5 (I wont mention the name):
Total for year 2018 is 175.95%
Total for year 2019 is 175.13%
175.95 + 175.13 = 351.08% growth rate for the signal
Where on the signal a big 12,479% is printed!
(This is what I mean by misleading)
Well, an simple answer for a YTD growth is the sum of the monthly growth.
For MQL5 is not the case. Take a signal, take the sum of its monthly return, they never match the YTD printed on the signal.
An example of a live signal on MQL5 (I wont mention the name):
Total for year 2018 is 175.95%
Total for year 2019 is 175.13%
175.95 + 175.13 = 351.08% growth rate for the signal
Where on the signal a big 12,479% is printed!
(This is what I mean by misleading)
You've got the math wrong Husain.
Its 175.13% on top of 175.13%, its not 175.95 + 175.13.
You fail to understand the meaning of accummulation.
The growth applies to the starting capital that has been invested from day 1.
The YTD growth is not the sum of monthly profits, because every month's profit is on top of all previous months accummulated profit.
You've got the math wrong Husain.
Its 175.13% on top of 175.13%, its not 175.95 + 175.13.
You fail to understand the meaning of accummulation.
The growth applies to the starting capital that has been invested from day 1.
The YTD growth is not the sum of monthly profits, because every month's profit is on top of all previous months accummulated profit.
Thanks Eleni for the clarification...
I will try to work it out from a live signal data from MQL5
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Hi
How is the YTD is calculated, adding did not total as shown, comulative did not add up. Any idea? Thanks