Trading metrics glossary

Profit factor is gross profit divided by gross loss — the dollars won for every dollar lost. Above 1.0 means a net-profi...

Expectancy is the average profit or loss you can expect per trade. In dollars it is the mean net P&L across all closed t...

An R-multiple expresses a trade’s result as a multiple of the dollars you initially risked. If you risked $100 (entry to...

Win rate is the share of decided trades that were winners — winning trades divided by winners plus losers. Scratch (brea...

Payoff ratio is your average winning trade divided by the absolute value of your average losing trade — how many dollars...

Maximum drawdown is the largest peak-to-trough decline in your account equity, measured in dollars and as a percentage o...

MAE (Maximum Adverse Excursion) is the worst unrealised loss a trade showed while open; MFE (Maximum Favourable Excursio...

Time-weighted return measures your trading performance independent of when you deposited or withdrew cash. It splits the...

Recovery factor is net profit divided by the absolute maximum drawdown — how many times your worst peak-to-trough loss y...

The Sharpe ratio measures return per unit of volatility — the average daily return divided by the standard deviation of...

The average winner is the mean net P&L of your winning trades; the average loser is the mean of your losing trades (a ne...

Holding time is how long a trade stayed open, from the first entry fill to the last exit fill. TradeJournalOS reports th...

The trade calendar aggregates your net P&L by calendar day (in US market time) into a heatmap, so green and red days, st...

Drawdown duration is the longest stretch your equity spent below a prior peak — from the high to the day it finally made...