Tax Implications for Your Trading System

Tax implications of your trading should always be taken into account. And in order to do so, I have just created a new money management script that will allow you to measure your trading strategy performance by accounting Taxes.
Depending on your country, you would pay a different tax on each trade depending on how long that trade has been held in your account. A day trader you probably will pay more tax than a long-term trader and for this reasons I have added three custom input fields in this money management script.

% Tax: The default Tax rate you need to pay for each trade that shows a profit
% Tax after N-Days: The new Tax rate you would pay if the trade has been held more than N-days in your account.
N-Days: The number of days the trade must be held in order to apply the second (usually lower) tax rate.

In order to apply this item:
- Download it by clicking on the "Download" link at the bottom.
- Install it by double clicking on the downloaded file
- Update your trading system
- Select "Money Management" tab
- Click on "Add an existing money management script"
- Select "Tax Implications for Your Trading System"
- Click on "Load Selected Item"
- Click on "Update a trading system" to save your strategy

Now, the tax amount will be calculated for each position that shows a profit and this amount will be added as a commission to the exit trade.

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