1st Day Results and numbers what do they mean?

[jpedroza]

so I just jumped in live with $500USD and played for 1 day with just 3 settings, fast slow and aggressive. But now I'm looking at the numbers and it does not make sense to me. What do they mean. For example it says my account balance now is $525 and available to trade is $360 that is straight forward. But on the mt5 app this is what it shows under history.

Profit = money made
credit = ???
deposit = ??? I deposited 500 but where did the 7 cents come from?
withdrawal = ???
balance = the balance of my forex account I assume?

This is what it shows on the active trading which now it's only doing a few pairs not all 10 that I had going yesterday not sure why, but maybe the bots sold and just has not reordered. Or maybe forex forced a sale I don't know.

balance = what's in my forex account - I would think this is good considering I started with 500.
equity = ???
Margin = ???
Free Margin = guessing the money I have available to trade???
Margin Level = ???

 

[johnvam]

what tradepairs you used and what settings?

 

[Midnightblue]

It looks like you currently had an open trade. Margin is the amount of your money that is tied up in a position

 

[Emma]

so I just jumped in live with $500USD and played for 1 day with just 3 settings, fast slow and aggressive. But now I'm looking at the numbers and it does not make sense to me. What do they mean. For example it says my account balance now is $525 and available to trade is $360 that is straight forward. But on the mt5 app this is what it shows under history.
View attachment 1960
Profit = money made
credit = ???
deposit = ??? I deposited 500 but where did the 7 cents come from?
withdrawal = ???
balance = the balance of my forex account I assume?

This is what it shows on the active trading which now it's only doing a few pairs not all 10 that I had going yesterday not sure why, but maybe the bots sold and just has not reordered. Or maybe forex forced a sale I don't know.
View attachment 1962
balance = what's in my forex account - I would think this is good considering I started with 500.
equity = ???
Margin = ???
Free Margin = guessing the money I have available to trade???
Margin Level = ???

Balance is your deposit plus your profit. in this report you have some open position. Margin is connected to the leverage..kind of dificult to explain, but I suggest to go on babypips website to learn a bit about trading, they have good lessons ...

 

[Natasa]

Congratulations, you made 24 bucks.

 

[David]

Looks like you’re getting the hang of it quickly . Let me break down those numbers for you:

• Profit = what you’ve gained or lost from trades.
• Credit = usually small broker adjustments, bonuses, or rounding (that 7¢ is nothing to worry about).
• Deposit = the money you put in ($500).
• Withdrawal = money you’ve taken out (if any).
• Balance = your account total not counting open trades.

On the live screen:

• Balance = same as above.
• Equity = your balance plus/minus any open trades still running (real-time value).
• Margin = the money locked up to keep trades open.
• Free Margin = what’s left to open new trades.
• Margin Level = a % showing how healthy your account is (higher = safer, under 100% is dangerous).

The bot trading fewer pairs just means positions closed and no new ones opened yet. Not a forced sale.

Your balance has grown, equity will move around with the market, and margin stats just show how much “space” you have to keep trading.

 

[MARKC]

so I just jumped in live with $500USD and played for 1 day with just 3 settings, fast slow and aggressive. But now I'm looking at the numbers and it does not make sense to me. What do they mean. For example it says my account balance now is $525 and available to trade is $360 that is straight forward. But on the mt5 app this is what it shows under history.
View attachment 1960
Profit = money made
credit = ???
deposit = ??? I deposited 500 but where did the 7 cents come from?
withdrawal = ???
balance = the balance of my forex account I assume?

This is what it shows on the active trading which now it's only doing a few pairs not all 10 that I had going yesterday not sure why, but maybe the bots sold and just has not reordered. Or maybe forex forced a sale I don't know.
View attachment 1962
balance = what's in my forex account - I would think this is good considering I started with 500.
equity = ???
Margin = ???
Free Margin = guessing the money I have available to trade???
Margin Level = ???

Hi,

Here’s what those terms mean in your MT5:

• Balance: The total money in your account, not counting open trades.
• Equity: Balance plus or minus profit/loss from your open trades.
• Margin: The amount of money used to keep your trades open.
• Free Margin: The money left that you can still use to open new trades.
• Margin Level: A percentage showing Equity vs. Margin. The higher it is, the safer your account is.

So in your case, your balance grew from your $500 deposit, and the numbers are just showing how much is used and how much is free for new trades.

Regards,
Mark