There are many factors that can influence profit calculation. Consider synced positions, partially filled orders, trading fees, and much more. Due to these factors, it is difficult to display the exact profit.
The profit displayed on your dashboard is calculated by comparing your starting balance with the current total value of all assets held by your trading bot. This gives you a calculated view of your profit performance over time.
Therefore, Cryptohopper has chosen to display profit based on the Start balance and the Total assets in USDT on the exchange (or another quote currency). The difference between these two values represents the profit.
Extra things to know:
Reset: Click on reset if you want to reset the profit to 0%. It will look at the current Total USDT in assets on the exchange (or other quote currency).
Total USDT in assets on exchange (or other quote currency): Only the cryptocurrencies that have a trading pair with your selected quote currency will be taken into account for the calculation. Do you own a cryptocurrency that doesn't have a trading pair with your quote currency? Then the shown value will be lower than on your crypto exchange.
Edit: Edit the start balance of your trading bot.
Verify Start Balance: Ensure that the start balance accurately reflects the total value of all assets initially deposited into your bot. Incorrect starting balances are a common cause of calculation discrepancies.
Steps to Verify Profit Calculation: Go to the 'Stats' section, locate 'Start Balance', and verify that your original investment is correctly entered. Then review the displayed profit percentage and total to confirm they match your expectations.
Tips for Accurate Profit Tracking
Regular Updates: Always update your starting balance if you make significant deposits or withdrawals.
Periodic Review: Regularly review your profit metrics to ensure accuracy, especially after major changes in holdings or trading strategies.
Compare Account Values: Align the total value currently held in your account against your starting balance to help identify any discrepancies.