It is very important for a trader to see the full picture of his work, including all the results of the trades and changes in the exchange balance sheet. You can use a paper notebook or spreadsheets for this, but there are also applications called Trader’s Diary. Just like the Veles service, they connect to your exchange account via the API, but with read-only access, save records from there and provide this information in a convenient way.
There is a “Statistics” section on the Veles website, but we must warn you that this is not a Trader’s Diary.
The purpose of the “Statistics” section on the Veles website is to show you the base for calculating the service commission, that is, its task is to determine the Gross profit, the result of the difference between opening and closing orders. This total is an interim one, not something that will be credited to your exchange balance. Additionally, you can see the exchange’s commission.
But the Gross profit can be calculated not for all deals, but only for those where the take profit or stop loss order set by the bot has worked. Some deals are stopped with errors (this includes liquidations), some deals are canceled – therefore, there are no totals for them in the table.
There is also no data on exchange funding fee – for this, Veles would need a different set of permissions.
On the page https://veles.finance/cabinet/statistics can be seen:
Gross – the difference between opening and closing orders.
Net – which is Gross minus the exchange commission (https://help.veles.finance/en/exchange-transaction-fees/).
Commission – the “Statistics” page shows you exchange commission (not service one).
The right and left sides of the screen show statistics independently of each other, there are different filters for displaying the results.
The Veles commission is displayed in the personal cabinet, in the same place where the wallet is replenished:
https://veles.finance/cabinet/account/balance
In the case of Futures trading, we recommend checking the “Closed P&L” section on the exchange – these are the totals for closed positions.
Attention! P&L on the exchange and P&L at Veles are different parameters in meaning, although they are called the same way. On Veles, this is a measure of the net price movement. On the exchange, P&L is taking into account the leverage. It turns out that 1% P&L on Veles is 10% P&L on the exchange with x10 leverage.
Alternatively, you can connect an external trader’s diary (examples of such diaries are TradersDiaries, TabTrader, TraderMakeMoney, etc.), which takes statistics from the exchange and provides it in a more convenient form (although it already has its limitations, each of them has its drawbacks).
