HOW TO USE THIS TOOL
Six-step workflow
- Copy current values from the official account, platform, or journal.
- Keep every unit consistent; do not mix ticks, points, pips, dollars, or percentages.
- Enter the planning assumptions without changing them to force a preferred answer.
- Calculate and read every output, including the warning below the headline number.
- Verify instrument specifications and binding firm rules at the official source.
- Save the result with its date and compare it with what actually happened.
FORMULA & EXAMPLE
Understand the output
Formula: Total costs = trades × (commission + other fees + spread/slippage estimate).
Worked example: 120 trades with $7.75 total cost each consume $930 of a $4,000 gross result, leaving $3,070.
Common mistakes: counting one-way commission as round trip, excluding losing trades, using zero slippage, and comparing gross backtests with net live results.