BitBrokerTrade
English
English
  • BitBrokerTrade
  • Exchange
    • What is an Exchange?
    • Connect Bitstamp
    • Connect Bitvavo
    • Connect Binance
    • Connect Coinbase advanced
    • Connect Bybit
    • Connect Kucoin
    • Connect Simulator
  • Traders
    • What is a Trader
    • Configurate Trader
    • Trader settings explained
  • FAQ
    • Explanation functionalities
      • Binance API management update
      • Binance API management update II
      • How does the application choose its language?
      • What is the difference between Updown strategy and BitBrokerTrade strategy?
      • How does the UpDown Strategy work
      • How much influence does the level of the return percentage have on the final profit?
      • What is the best return percentage to enter with the trader
      • How and on the basis of which you determine a 'ceiling rate'
      • How is the size of a transaction determined?
      • What is the minimum deposit amount in Euro
      • Exchange: amount reserved
      • Trader setting: Maximum open purchases
      • How does the calculation of the profit work?
      • Can I also try out the operation of the trader first without having to bring in money?
      • The dashboard shows the gross profit, but how do I calculate the net profit?
      • My dashboard suddenly shows a lower profit
    • Error messages
      • An open position but not enough crypto balance on the exchange
      • There are extremely high trading costs on a number of sales transactions
      • The trader does not make any purchases, what goes wrong?
      • My transaction line in the Purchase transactions screen has a red cross status ?!
      • Why does the sale of my BNB transaction give an error?
      • Dashboard data does not match historical transaction history
      • The transaction is not sold while the profit percentage has been achieved
  • Untitled
Powered by GitBook
On this page
  1. FAQ
  2. Explanation functionalities

How does the calculation of the profit work?

The profit determination is as follows: Suppose you have indicated that the trader is allowed to sell at 1.5% profit and that the average purchase amount is € 100 per trade.

The trader then notices a purchase moment for a crypto coin and makes the transaction. He gives an order for € 100 purchase. However, the exchange charges you 0.25% transaction costs and debits this from your free balance. In the transaction screen it appears that you have purchased for € 100 (while the actual costs are € 100.25).

When will the trader see a 1.5% profit? Once the value of the transaction is $ 101.50 (100 * 1.015), the bot is allowed to sell. The profit that is made is gross, because the total transaction costs (on average 0.5%) have yet to be deducted. Your return rate must therefore be higher than 0.5% to actually make a profit.

PreviousTrader setting: Maximum open purchasesNextCan I also try out the operation of the trader first without having to bring in money?

Last updated 4 years ago