Brokerage Fees

Long timeframe trading reduces the impact of brokerage fees on overall profitability. Medium timeframe trading has lower brokerage fee impact relative to short timeframe trading. Subtracting per-trade fees from each trade log return would produce a net equity curve and more realistic compound return. Reported compound returns exclude fees. Higher trade frequency on short timeframes results in brokerage fees consuming a disproportionate share of profits. The impact of trading fees depends on the platform and trade size.