shah

understanding financing in Algogene platform

Programming


In the summary report, there is a financing metric. Can anyone explain how it works? My capital at the lowest was 70k, drawdown max -2.5% but there is financing value shown in the summary report. By right it should be zero for ago trading competition? 
 
Alfred
In real market, transaction costs can be breakdown into 

  1. Commission: usually a fixed fee or a percentage of your trading volume, per each transaction
  2. Financing Cost: such as swap fee, funding fee, which is not a fixed value but is determined by the market conditions
  3. Others such as tax, stamp duty, etc

For backtesting, the financing field is currently zero, because the team has not implemented a dynamic cost setting yet. 

However, if you connect the script to a real broker account, you will see some value for the financing part. It will be the net total funding fee/ swap fee you pay. Additionally, you can also find the daily financing breakdown under the "Account Balance" tab.