Strategy Profit indicators and how they're calculated
Let’s take a look at the 2 main Strategy Profit indicators and how they're calculated - Total Profit % and Today’s Profit %.

# Total Profit % In the simplest case, Total Profit % indicator reflects the percentage change of the Manager's Equity - if the manager didn't deposit to or withdraw funds from the Strategy account.
However, if there were Deposits/Withdrawals made by the manager to/from the Strategy, they would also affect Manager's Equity of the Strategy. In this case, Total Profit % is calculated as a compound percentage of all separate Profit or Loss percentages of all periods between one deposit/withdrawal to the next one.

# Change of Manager’s Equity is NOT an Indicator of Strategy Performance

It is important to note that Manager’s Equity of a Strategy may change due to deposits or withdrawals of funds from the Strategy by the Manager, without any trading. Such deposits or withdrawals do not affect profitability (Profit %).
A Strategy’s Profit % may change only as a result of Manager’s trading activity, either profitable or unprofitable.
A deposit by the Manager to the Strategy will increase Manager’s Equity but won’t change Profit % of the Strategy. Similarly, a withdrawal of funds by the Manager will reduce Manager’s Equity but won’t change Profit % of the Strategy.
This explains why you may see, for example, a significant increase or decrease of Manager’s Equity that seems not to be reflected in Profit %: this would indicate that the Equity change was due to moving funds to/from the Strategy, NOT due to trading.
The following examples elaborate on different scenarios of deposits, withdrawals, and trades by a Manager in a Strategy:

## Example 1: Deposits Don't Change Profit %:

Consider a Strategy with the following indicators:
• Initial Manager’s Equity: 1.0 BTC
• Current Manager’s Equity: 1.5 BTC
• Profit %: 50%
📥 If the Manager deposits 0.5 BTC to their Strategy:
• Manager’s Equity will increase: 1.5 ↗ 2.0 BTC
• Profit % will remain at: 50% ➡ 50%
↔️ Thus the deposit wouldn't change Profit %. 📈 However, you will see an increase in Manager’s Equity upon the deposit.

## Example 2: Withdrawals Don't Change Profit %:

Again, lets consider a Strategy with the same indicators as in Example 1:
• Initial Manager’s Equity: 1.0 BTC
• Current Manager’s Equity: 1.5 BTC
• Profit %: 50%
📤 If the Manager withdraws 0.5 BTC from their Strategy:
• Manager’s Equity will decrease: 1.5 ↘ 1.0 BTC
• Profit % will remain at: 50% ➡ 50%
↔️ Thus the withdrawal wouldn't change Profit %. 📉 However, you will see that Manager’s Equity reduced upon the withdrawal.

## Example 3: Change of Manager's Equity alone isn't an indicator of increase of Profit %

The following example along with an explanation would be useful for Strategy Managers who want to understand how their Strategy Profit % would be affected by their deposits and withdrawals.

### In this example:

1. 1.
A Manager created a Strategy with an Initial Equity of \$100. 📈 They made a profit of \$50 (+50%): the Strategy's Equity became \$150.
2. 2.
📥 The Manager then deposited an additional \$100, bringing the Equity to \$250. 📈 After this, the Manager earned an additional \$50 in profit. However, this \$50 profit was made on top of the Equity of \$250 after the last deposit, thus it was a 20% profit. Compounded with (not added to!) the previous 50%, the Total Profit % became 80% — see calculations in the table below.
3. 3.
📤 The Manager then withdrew \$200 from the Strategy, leaving it with \$100 Equity. 📉 They further suffered a loss of -\$50 or -50%. Compounded with (again, not added to!) the previous +80%, the Total Profit % became -10% — see calculations in the table.
Deposit (+) or Withdrawal (-)
Equity after D/W
P/L in the selected period
Total P/L, \$
Profit % in the selected period
Compound Product
Total Profit,
%
1.Initial Equity: \$100
\$100
+\$50 📈
+\$50
+50%
1.5
+50%
2.Deposit: +\$100 📥
\$250
+\$50 📈
+\$100
+20%
1.5*1.2=1.8
+80%
3.Withdrawal: -\$200 📤
\$100
-\$50 📉
+\$50
-50%
1.8*0.5=0.9
-10%
It is important to note that in this example the Total Profit earned was +\$50 (positive), but Total Profit % was -10% (negative).
If you're a Follower and need to understand the profitability of your Following - ignore the Strategy Manager's Equity and pay attention to your Profit % of the Following in your Portfolio.

# Today's Profit % Today’s Profit % indicator reflects the change in Equity since the start of the current day (as opposed to the change of Initial Equity).

## Example 4:

1. 1.
A Strategy manager allocated \$100 toward his Strategy. This is the Initial Equity.
2. 2.
The Strategy manager has traded for some time and has made a \$60 profit (60%). The Equity of the Strategy has already grown from \$100 to \$160. The Total Profit % = 60%
3. 3.
The trader decides to trade again and makes a \$5 profit bringing their Equity to \$165.
The \$5 increase in Equity from \$160 to \$165 will result in:
• Increase of initial \$100 Equity by \$5 = 5% increase of Total Profit %
• Increase of today's Equity by \$5 from \$160 = 3.12% increase in Today's Profit % (because \$5 is 3.12% from \$160)
Based on the information above, when reviewing Strategy statistics it is important to keep in mind that Total Profit % and Today's Profit % are different indicators the value of which will differ from one another based on numerous factors:
• Initial Equity of a Strategy
• Deposits to a Strategy
• Withdrawals from a Strategy
• Equity changes due to realized and unrealized P/L, trade fees and overnight financing