Ex. 3: Calc value per pip

The Forex Smart Tools Trade Log offers some of the functions of a mini-spreadsheet in the form of the Calculation type custom parameter. To understand its use, we present a series of examples for you to study.

Question: I want to calculate my actual value per pip made.

Answer: You could use the calculation parameter to do just that with the following formula:

(( [Grossvalue] + [Swap] ) — [Commission] ) / [Workingpips]

Here’s what it would look like on the trade input tab

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Ex. 3: Calc value per pip