This post will show you how to use our synthetic indices profit and loss calculator. We will begin with the explanation of the inputs required to use this calculator and then walk you through how to use our profit calculator to estimate the profit or loss you will make in your synthetic indices order.
Inputs Needed to use profit Calculator.
For you to use our Synthetic Indices Profit Calculator, you need to put four things in place: a stop-loss price, an entry price, a lot size, and a closing price. When you input the above parameters, our calculator will help you calculate your profit and loss based on the information you provided.
(1). Stop loss price: This is the price level at which you intend to exit from your position in a trade.
(2). Entry price: This is the price at which you intend to enter a trade.
(3). Closing price: This is the price at which you intend to take your profit.
(4). Lot size: This is a measure of the amount of an asset you want to buy or sell in a transaction. Check out our lot size calculator.
How to use our Synthetic Indices Profit Calculator.
Using this calculator is very simple. You just need to give it the entry price, stop-loss price, lot size, and closing price, and it will calculate the profit or loss you stand to make when the trade ends.
In the picture below, I have input my lot size as 0.5, my entry price as 547931.50, my closing price as 547990.90 and Stop loss of 547890.90. The calculator determined my profit and loss to be $29.7 and $20.29 respectively.