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You have made a lot of mistakes in your calculations:
10 GBP must actually be sold (not bought!) at Bid GBPUSD 1.58389 in order to get 15.8389 USD
the price is correct and it is a Bid price not an Ask price as you stated
10 GBP must be sold at Bid GBPUSD 1.58389 to get 15.8389 USD
10 GBP should actually be bought at Ask GBPUSD 1.58399 to get -15.8399 USD
Careful with the calculations - there is a lot wrong with the calculations, including the confusion with profits/losses and the correct comparison of prices and their Bid/Ask descriptions. I've marked the correct ones in green and the errors in red.
And don't forget to draw clear conclusions - this is page five.
Dear Renat,
"confusion about profits/losses and the correct comparison of prices and their Bid/Ask descriptions" is with you, not with me.
Read again carefully, word by word, what I wrote. (The colourindicates an important link).
This is how the whole financialworld calculatesprofits/losses on ticks. (Excluding MetaQuotes Corp.)
If you do not want to - do not correct calculations: OK, YOU ARE THE BOSS !
And the newforexyoumade up can be patented : roughly MetaTrading.... MetaForex is also suitable because it is not realforex.
"Clearconclusions" already made - there is no point in continuing the argument, the situation is hopeless....
This is my last comment on the subject.
Good luck!
You didn't have an argument - you had unsubstantiated statements.
As usual, going out on pure calculations exposed the reality. You failed to prove your two conceptual errors correct (the third was just a typo), and went off into verbal demagoguery.
Вы совершили массу ошибок в своих вычислениях:
2. BUY EURGBP !!!We sold GBP on the opening, on the closing we BUY GBP result, no matter what the sign is! And we buy at Ask GBPUSD!
4. It is SELL EURGBP!!!We bought GBP on the opening, on the closing we sell the result GBP, without paying attention to the sign! And we sell at Bid GBPUSD!!!
2. BUY EURGBP !!!We sold GBP on the open, on the close - BUY GBP result, no matter the sign!!! And we buy at ASC!
4. This is SELL EURGBP !!!We bought GBP on the opening, on the closing we sell GBP PATTERN EURGBP, no matter what the sign! And we sell at BID !!!
Let's make it very simple on the fingers.
We have only two states in reality (EURGBP initial transactions are irrelevant, because we have already made a profit in GBP):
Our approach:
Answer me 2 questions:
You have to consider the physical meaning of the transaction at least. If we have GBP in hand we have to sell them, and if we have GBP shortage, we have to buy them back!
It is the lack of understanding of the physical meaning of transactions that leads to a narrow view of conversion transactions.
Thesequestionsshow howyou envisage conversion and trading in general...
That's where your mistake is ! You were cheated, Renat !
When you have BUY trade USDCAD (account USD) your profit CAD at which price must be converted to USD? Who told you there is aprofit/loss difference?!!!
You sell CAD, you buy the result in CAD - at the close you buy the result in CAD ! If you lose CAD you can buy becauseyou sold at the opening !
The value of the sign (profit/loss) does not matter for the close price or TICK_VALUE!
It is the deal type (Buy/Sell)!
By mistake explained to you the closing of trades!
Andyou made a mistake:SYMBOL_TRADE_TICK_VALUE_PROFIT andSYMBOL_TRADE_TICK_VALUE_LOSS!
You should useSYMBOL_TRADE_TICK_VALUE_LONG andSYMBOL_TRADE_TICK_VALUE_SHORT. They areverydifferent... That's all.
I see thatyou do not understand the physical meaning of the operation correctly. How do you open trades on EURGBP if you only have USD?
On the first page I gave an example:
Когда откроете сделка на EURGBP, а валюта депозита USD,
you practically have (roughly) Buy EURUSD and Sell GBPUSD. (The difference in volume does not matter, because they do not change at closing)
To close: Buy EURUSD at Ask(EURUSD) and Sell GBPUSD at Bid(GBPUSD).
Whenyou close (if it is a profit,if it is a loss) you will have the same prices: Bid(EURUSD) and Ask(GBPUSD).
You asked 2 questions incorrectly, I will answer:
1.if we have 10 GBP on hand, what operation and at what price should we execute the trade? our answer is to sell GBP at Bid GBPUSD rate, my answer is tosell GBP at Bid GBPUSD rate
2. if I havea shortfall of 10 GBP, how do I trade and at what price? our answer is to buy GBP at Ask price of GBPUSD, my answer is tobuy GBP at Ask price of GBPUSD
Your questions are wrong because your approach is wrong:
1. "to exchange +10 GBP into USD, you need to sell 10 GBP at Bid GBPUSD exchange rate of 1.58389 and receive 15.8389 USD"
do nottake into account the type of trade!
right:
1.1."to exchange +10 GBP from Buy EURGBP to USD, you must buy 10 GBP at Ask GBPUSD exchange rate 1.58399 and get 15.8399 USD "
1.2. "to exchange +10 GBP from Sell EURGBP to USD, you must sell 10 GBP at Bid GBPUSD exchange rate of 1.58389 to get 15.8389 USD "
2." toexchange -10 GBP to USD, you must buy 10 GBP at Ask GBPUSD 1.58399 and get -15.8399 USD"
2.1."to exchange -10 GBPfrom Buy EURGBPto USD, you must buy 10 GBP at Ask GBPUSD 1.58399 and get -15.8399 USD"
2.2."to exchange -10 GBPfrom Sell EURGBP to USD, you must sell 10 GBP at Bid GBPUSD exchange rate of 1.58389 and get -15.8389 USD "