Maximum drawdown measures the maximum loss that your trading system incurred over a certain period of time. It's a measurement of risk, and one of the most important ones for any trader to understand. In order to calculate this, you need to know what your starting capital was, how much you lost during the period in question, and how long it took for you to recover from those losses.
If you're new to trading, you might not be familiar with expectancy. This is a term that refers to the average amount of money a trader can expect to make on a given trade.
Expectancy is calculated by multiplying the probability of winning on any given trade by the profit per unit in that trade. So if I have a 50% chance of winning $100 when I trade and I'm trading one contract at $100 per contract, my expectancy is $50 * 1 * 1 = $50.
The higher the expectancy, the better off you are—you'll have more money coming in and less going out than if your expectancy were lower.
Avg hold time for winners
Displays the average duration of your winning trades.
Avg hold time for losers
Displays the average duration of your losing trades.
Displays the number of trades you have made during the selected period.
Longs / Shorts
Displays the number of BUY trades compared to the number of SELL trades.
Longs = BUY
Shorts = SELL
Displays the profits made with BUY trades.
Displays the profits made with SELL trades.
Displays the largest profit from a single trade.
Displays the largest loss from a single trade.
Displays the average profit of your winning trades.
Win Average = (Win Trades Profit / Total Win Trades)
Displays the average loss of your losing trades.
Loss Average = (Loss Trades Amount / Total Loss Trades)
Total Pips is a metric that represents the total number of pips gained or lost on a trade. It is calculated by subtracting the initial entry price from the final exit price, then dividing that number by two.
Total Pips is one of the most important metrics in trading because it determines whether or not you've made a profit on your trade. If you have more total pips than you started with, you made money!
Avg pips per trade
Average pips per trade is the average number of pips gained or lost on each trade.
The average pip per trade can be calculated by dividing the total number of pips gained by the total number of trades.