Hi everyone,
there are some differences how a commission is calculated in different parts of the Zorro-manual.
First I thought only one can be right. But meanwhile I don't think either is.
1.)
https://www.zorro-trader.com/manual/en/account.htmText:
"...percentage of the trade value...negative percent value... The commission is then automatically calculated from the percentage using the formula Commission = -Percent/100 * Price / LotAmount * PIPCost / PIP. "
Formula in text: Commission = -Percent/100 * Price (/ LotAmount * PIPCost / PIP)
In other ways: -Percent/100 * Price * (Exchange rate counter -> account-currency)
--> Aren't the Lots missing here?
2.)
https://zorro-project.com/manual/en/spread.htmText:
"If a negative percent value is given (f.i. -0.25 for 0.25%), the commission of a trade is Percent/100 * PIPCost/PIP * Price * Lots * LotAmount."
Formula in text: Commission = Percent/100 * PIPCost/PIP * Price * Lots * LotAmount.
--> Should this be maybe: " / LotAmount" instead of " * LotAmount"?
or should PIP and LotAmount be in brackets?
3.) I think this one should be right: Percent/100 * PIPCost/PIP * Price * Lots
/ LotAmount.
This would be then:
-Percent/100 *
Price * Lots *
PIPCost / PIP / LotAmount.
=
-Percent/100 *
(Tradevolume in counter currency) *
(Exchange rate counter currency -> account-currency)Can anybody confirm this?
And can this be fixed in the mentioned links please?