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 please note – this is not a Trader’s Diary.
The purpose of the “Statistics” section on the Veles website is to show you the basis for calculating the service’s commission. That is, its task is to determine the Gross profit, which is the result of the difference between opening and closing orders. Our platform will calculate 20% of the Gross profit received in the deal and deduct it from the balance in the user’s personal account. If the Gross result is negative, the service commission is not deducted.
For the user, this total is only an interim one, and not what will be credited to the exchange balance. The exchange’s trading fee must be deducted from the Gross Profit, and we get a Net profit.
When trading on a Spot, Net profit is what is credited to your exchange balance.
In the case of trading on Futures, this result is also intermediate, since it does not take into account the exchange “Funding fee”. We do not show data on the Funding fee, as the platform currently does not have such permissions.
The Gross profit can be calculated not for all trades, but only for those where the Take Profit or Stop Loss set by the bot was executed. Some of the deals end up with errors (this includes liquidations), some of the deals may be cancelled – therefore, there are no totals for them in our table, and to summarize the results, you will have to refer to the Trading History section on your exchange.
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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.
Note. If the exchange’s commission is less than 0.01, then there will be dashes in the column, although it is cumulative in the total amount.
The exchange’s commission in the table is indicated in USDT and is calculated at the exchange rates at the time of closing the deal. If the commission for the BTC/ETH deal is in ETH or BTC, then the table will indicate it in USDT. If it’s in BNB, then there will be a dash.
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. Do not focus on the page with the PnL chart on the exchange, which you see first of all in the terminal or in the application. It shows information about the total Unrealized P&L, which includes all currently open positions – and they are usually negative, this is normal.
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).
