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How to calculate real PnL after fees

Why terminal results differ from strategy results and which costs you should never ignore.

22.07.2026 · PnLFlow

Start with the net result

Real PnL includes entry and exit fees, funding and slippage. Strategies should only be compared by their net result.

Measure series, not a single trade

One profitable trade says little about system quality. Use a meaningful sample, Profit Factor and expectancy.

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