Tradovate users may notice discrepancies in their P&L statements when syncing or uploading files to TradeZella. These issues often stem from the way commissions and fees are handled. This guide will help you understand why these discrepancies occur and how to resolve them.
File Upload
If you uploaded your Tradovate file and noticed that your Net P&L is slightly different, it may be due to the CSV file not including commissions or fees. Tradovate currently does not reflect commission or fees in their CSV files, which means you will see your GROSS P&L in TradeZella.
How to Resolve:
Manual Entry:
You can add commissions and fees manually to each trade.
Set Default Commission and Fee Rules:
Use the default commission and fee rules feature to automate this process. Here’s a helpful article on how to set default commission and fee rules: How to Set Default Commissions and Fees for Your Trades.
Sync Method
When syncing your Tradovate account, only commission and fees for same-day trade data will be imported. Tradovate does not provide commission and fee information for historical data. So, you may see discrepancies due to that.
How to Resolve:
Manual Entry for Older Trades:
Manually add commissions and fees to each older trade.
Set Default Commission and Fee Rules:
Apply the same method of setting commission and fee rules as mentioned above. Here’s the help article again: How to Set Default Commissions and Fees for Your Trades.
If you’re unsure about the commission and fee structure, reach out to Tradovate for clarification. You can also contact our support team for assistance in adding these rules.
Additional Notes
Always reach out to Tradovate to inquire about the commission and fee structure. Our support team is also available to help you set up these rules.
Understanding and resolving Tradovate P&L issues requires a clear approach to handling commission and fee data. Whether you choose file upload or syncing methods, the above steps will guide you in correcting discrepancies and ensuring accurate P&L statements in TradeZella.
Need further support? Contact our support team at support@tradezella.com