MultiCharts Easter Sale has jumped in! Up to 50% off Explore offers
+1 888 340 6572
MultiCharts Project Management
previous_open_issue.png
Go to the previous open issue
previous_issue.png
Go to the previous issue (open or closed)
star_faded.png
Please log in to bookmark issues
feature_request_small.png
Open Feature request MC-532

MBTrading Cost basis for Open P/L in order and position tracker

action_vote_minus_faded.png
2
Votes
action_vote_plus_faded.png
next_issue.png
Go to the next issue (open or closed)
next_open_issue.png
Go to the next open issue
Description

MB Provides 2 ways to calculate Open P/L, the P/L for the day and the P/L for the avg cost basis. MC is only using the P/L for the day thus positions held overnight do not reflect the actual P/L as calculated by the avg cost basis.
ex: my current MC open P/L shows that I am up 93.90. My real P/L as calculated from by avg cost basis on the position held overnight should show aprox -$800

Steps to reproduce this issue

put on any trade thru MB Trading, hold over night and look and the MC Order and Position tracker the next day, it will only show the P/L since the session open for the current day, not the P/L since the trade was put on.

Comments (9)
#0
user-offline.png  Ulich05 (Ulich05)
Aug 04, 2011 - 05:28

this is for MC 7.0 build 4510

#0
user-offline.png  Ulich05 (Ulich05)
Aug 04, 2011 - 13:31

this is what MBT will report, http://uploadpic.org/v.php?img=770HuQmaLu

#0
user-offline.png  Dave (Dave)
Aug 04, 2011 - 13:34

Please provide us with answers to the following questions:
 
1) How is the value calculated: on ask, bid or trade basis?
2) What is the category of the symbol: Stock, Futures or Forex?
3) Did the issue exist in previous version of MultiCharts?
4) Is Open PL calculated in MultiCharts the same as the one calculated in MBT Navigator?

#0
user-offline.png  Ulich05 (Ulich05)
Aug 09, 2011 - 21:56

srry for delay, mkts been busy
1: value is calculated difference between avg cost basis amd the last last trade
2: futures
3: i reported the same issue on multicharts descressionary back on april 13 i believe, nvr got a reponse
4: Open PL in MC is showing the "Today Total P&L" section in MBT Navigator. it is showing correctly however "Today Total P&L" from MBT is totallyuseless, it looks at if you are long or short and calculates the difference from todays average price of the contract and the last trade price. It's a widly inacurate way of reporting P&L since it has zero relivance to anything anyone looks at
MC would be best to display the "Basis Toal P&L" result from MBT navigator which is the real drawdown for the total position.

#0
user-offline.png  Dave (Dave)
Aug 10, 2011 - 13:35

Thank you. The engineers are looking into this.

#0
user-offline.png  Dave (Dave)
Aug 12, 2011 - 11:46

We failed to reproduce the issue ( see MBT-OpenPL.png).  Do you want a different Open PL to be displayed in MC? Please send us screenshots showing the figures that you are talking about.

#0
user-offline.png  Ulich05 (Ulich05)
Aug 12, 2011 - 11:46

was the trade put on today or held overnight? Once the posotion is held overnight you will see the deviation between todays P&L and the basis total P&L

#0
user-offline.png  Ulich05 (Ulich05)
Aug 12, 2011 - 11:55

my screen will show exactly the same as yours had i put the trade on today, once held overnight though you will see the difference.

#0
user-offline.png  Dave (Dave)
Aug 24, 2011 - 15:56

The trade showed on the screenshot was held overnight. Please come to our Live Chat Mon-Fri between 6:30AM and 11AM EST so we can connect to your machine remotely for investigation.

History
Issue basics
  • Type of issue
    Feature request
  • Category
    Usability
  • Targeted for
    Not determined
  • Status
    Under Review
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (3)
People involved
Times and dates
  • Posted at
  • Last updated
Issue details
  • Resolution
    Not determined
  • Severity
    Normal
Attachments (3)
Commits (0)
There are no code checkins for this issue
Duplicate issues (0)
This issue does not have any duplicates