Abbreviation: OpenPositionProfit
Category: Trading Strategy: System Information
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
Calculation:
For long trades,
(price – entry price) * shares traded
For short trades,
(entry price – price) * shares traded
Note that the entry price incorporates any specified slippage and/or point value.
Discussion:
Computes the current open position profit. When graphed, provides a useful means of analyzing, troubleshooting and improving a trading strategy.