Monday, October 28, 2013

Estimated Profit

Starting from today, 6pm, all the ML Bots with version greater or equal than 6.11 can view the "Estimated Profit" in the Tradelog. 

What is this? This is the projection of the profit, computed as sum of the selling prices - (minus) sum of the buying prices / (divided by) 2.  

The profit is computed as difference between the actual selling prices and the buying prices, divided by two because the profit will be "full" only when the selling (or buying) part of the trade will be performed. This profit is "estimated" because prices can go and up down, and you could sell (for example) sell at slighly higher or lower value. In a normal market the two values (estimated profit and real profit) are close.

Let's have an example. The bot in the image bought 4 Dissension Boosters 20 minutes ago at 1.92. The Estimated Profit of the trade is 2.008 because the selling price here is 2.924 and the buying price is 1.92 (and thus (2.924-1.92)/2 and multiplied by 4 is 2.008).  Only the CardLog, of course, can tell you the real Profit, so let's click on the link (see second image).

The CardLog basically says that the profit on a single item Dissesion Booster is 0.473 tixs on average. Multiplied by 4 (because 4 items are involved in the trade) we get 1.892: a value very close to the Estimated profit.

Hope you'll like!

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