Traders Return

Recently we have improved the cards of our traders to take into account the compound balance.

Compound balance means that we consider the profit or losses obtained in previous positions. For example, if a user invests 1000 USDT in a service and then wins 10% of profits from the allocated balance with one position, now we consider an investment balance in the following position of 1100 USDT.

The community requested this improvement, and we also believe that it is a positive change in Zignaly. This way, it is possible to get a better perspective in the long term of a provider's results and choose better between them. 

With the new stats, if the return is equal to 50% in 90 days, it means that if I invested 1000 USDT 90 days ago in this service, right now, I would have 1500 USDT. Here we need to make two observations:

  • We are not considering the success fee or monthly price. So it is necessary to subtract that part. For profit-sharing services, if it shows a 90% return and the success fee is 30%, you can have an approximate balance equal to 60%. It is not correct, but it gives you an order of magnitude. For copy trading services, it would be necessary to subtract the monthly price. 
  • We always consider the reinvest option as the profit-sharing option. When you connect to a copy trading service, Zignaly automatically reinvests the profits in the service. For Profit-Sharing services, we give the user the option to reinvest the profits or withdraw them. The new stats show the results for a reinvest profit sharing option to be consistent with the copy trader mode. 

Cards Composition - The basics

Let's take a look at the trader cards. 

tcard.png 1 Basic information about the service (name, logo, success fee, exchanges where the trader operates, spot/futures, etc.)

2 Return: Return from both closed and open positions.
Open positions: (floating) return from opened positions taking into account the selected time. 

3 Chart with the return on each day. Let's analyze them below in detail.
4 Number of followers and link to see the trader profile

 

Return

At the moment, the Return is accounting for both closed and open positions.

This means that if the user started with 1000 USDT, and if the return of the closed position is 33.71%, his balance would be right now, 1337.1 USDT. He has no loss on his open positions (0% in return), which means 

1337.1 *(1-0)= 1337.1 USDT.

And it means 33.71% in Return. 

(If the open positions had a -13.5% return. The calculation would be 1337.1*(1-0.135)= 1156.59 USDT 

And it means 15.66% in Return. )

 

Return Chart

In new charts, we show the trader's return each day from the initial allocated balance. 

Let's take a look at this trader, which is easy to analyze because he doesn't overlap positions.

mceclip1.png

According to this chart, this provider's return was:

on December 16 - 42.07%

on December 17 - 135.21%

 

This means that if the user started investing 1000 USDT in this service on December 16, the allocated balance was 1000*1.4207=1420.7, and on December 17, 2351.1 USDT.

 

If we check the positions, we can see that on day December 17; this provider closed a position with a net return from the allocated balance of 65.56%.

mceclip3.png

 

And according to the card, the balance passed from 42.07% to 135.21%, which looks much more. Here is the explanation.

If we suppose that the user invested at the beginning of the period 1000 USDT, it means that on December 16, the user had an invested balance of 1420.7 USDT. So, because the position had a net return from the allocated balance equal to 65.56%, the balance passed from 1420.7 USDT to 2352.11 USDT (1420.7*1.6556=2351.11). 2352.11 is a 135.21% from 1000 USDT initially invested.

18.-Returns-Timeframe-Filter-WHITE.gif

 

There are two things to consider

  • We count the return of the position the day that the position is closed because it is the day that the balance is affected.
  • If there are positions opened before the analyzed time and closed during it, we don't consider them for the return. Similarly, if a user starts investing in a service, all the positions opened are not replicated in his account, or neither he participates in them.  

💡  If you still have any questions, please don't hesitate to contact us.

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