Find System by Name

Wait


 

Forum: Collective2 Suggestions, Feedback, Questions

New?Last PostPosted By#Subject
5/18/13 (9:32)Matthew Klein2Error in reported annual return
5/17/13 (21:26)Matthew Klein2How do I edit a system description?
5/17/13 (10:07)Mark Winslow1Checking Portfolio Correlation
5/17/13 (3:28)Ofer Wolfson1STC FX orders not adhering to parking limits
5/16/13 (11:25)Kevin Mcgrath, ph.d.3Set limit entry based on open price
5/15/13 (9:01)Volatility Breakout9How much is 1 lot of forex?
5/15/13 (7:15)Ozgur Y1Delay in Statistics
 
Older subjects >>



Post new message

 
Subject:question about billing
Posted by:User Removed ( C2 Score: 982)  New msg
 
Ignore user's posts for week month forever
When:5/17/12 (9:14) 
Systems:
 
If 1)my system charges 22$ for a profitable week, 2)my system got a 15$ profit in the first week, 3)my system got another 15$ profit(total 30$ in two weeks) in the second week,

I know that subscribers would not be charged for the first week, but would subscribers be charged for the second week?Zen Fx
  
 
Subject:question about billing
Posted by:Matthew Klein (Admin)  New msg
When:5/17/12 (10:09) 
 

In response to post by User Removed of 5/17/12 (9:14)

If 1)my system charges 22$ for a profitable week, 2)my system got a 15$ profit in the first week, 3)my system got another 15$ profit(total 30$ in two weeks) in the second week, ...

See entire

Generally, you are correct - for "pay per profitable period" billing, customers are not charged until and unless your total Model Account profit exceeds the subscription charge (and is above any previous high-water mark).

However, my answer is complicated by the fact that there is a $100 minimum profit requirement before charging, to eliminate uncertainty and bad feelings about rounding, data/time granularities of equity calculations, etc. So I'm not sure if the very small numbers in your example ($22, $15, $30) are meant simply to illustrate your question clearly, or if they are meant as the real and specific numbers you are asking about.

As a general rule, your algorithm for billing is correct (billing happens after subscription cost is exceeded) but in real life billing won't take place if a system ekes out a $30 Model Account profit.
  
 
Subject:question about billing
Posted by:User Removed ( C2 Score: 982)  New msg
 
Ignore user's posts for week month forever
When:5/17/12 (10:23) 
Systems:
 

In response to post by Matthew Klein of 5/17/12 (10:09)

Generally, you are correct - for "pay per profitable period" billing, customers are not charged until and unless your total Model Account profit exceeds the subscription charge (and is above any previous high-water mark)....

See entire

Thanks for the explanation, Matthew.

Can you give an example here about the "a $100 minimum profit requirement" based on a system which charges $22 for a profitable week?

And, for that system, if the provider got $20 profit for each week in 5 consecutive weeks, would subscribers be charged for the 5th week?

Thanks again
  
Back up to list of subjects