What the detailed report from MetaTrader 4 will tell us

In connection with the popularization of MetaTrader 4 trading terminal, the transaction statistics are often found in a detailed form. To get it is quite simple: just right-click on the "Terminal" MT4 window and select "Save as detailed report". This is often very convenient, because all the statistics are in one document.

Detailed Statment Options in MetaTrader 4

Opening any detailed report from MT 4, we will see many different items, let's see what they mean:

– Gross Profit - total profit on transactions with positive results;
– Gross Loss - the total loss on transactions with a negative result;
– Total Net Profit - the difference between Gross Profit and Gross Loss;
– Profit Factor - profitability factor, which is calculated by the formula Gross Profit\Gross Loss;
– Expected Payoff - profit expectation, the result of dividing the net profit by the number of trades;
– Absolute Drawdown - The drawdown from the initial balance, showing how much the balance decreased relative to the initial value;
– Maximal Drawdown - Money Drawdown, showing the maximum recorded drawdown in money terms (the difference between the last maximum and the current minimum) - can exceed the Absolute Drawdown, showing the amount of possible loss even if the trade is positive;
– Relative Drawdown - relative drawdown, shows the maximum drawdown in percent relative to the initial deposit;
– Total Trades - the number of completed transactions - the more this indicator is, the more reliable all the others are;
– Short Positions (won%) - the number of closed short positions, in brackets - the percentage of profitable short positions of their total number;
– Long Positions (won%) - the number of closed long positions, in parentheses - the percentage of profitable long positions of their total number;
– Profit Trades (% of total) - the total number of profitable trades, in brackets - the percentage of the total number of trades;
– Loss Trades (% of total) - the total number of profitable trades, in brackets - the percentage of the total number of trades;
– Largest Profit Trade - trade with the maximum profit - extremely profitable trades may be unrepresentative (except for trend trading systems);
– Largest Loss Trade - the deal with the maximum loss;
– Average Profit Trade - average profit on the trade, calculated by the formula Gross Profit\Profit Trades;
– Average Loss Trade - average loss on the trade, calculated using the Gross Loss\Loss Trades formula;
– Maximum Consecutive Wins ($) - the number of trades in the longest sequence of profitable trades, the amount of profit on these trades is given in brackets;
– Maximum Consecutive Losses ($) - the number of trades in the longest sequence of losing trades, the amount of loss on these trades is given in brackets;
– Maximal Consecutive Profit (count) - maximum profit in the sequence of profitable trades, the number of trades in this sequence is given in brackets;
– Maximal Consecutive Profit (count) maximum loss in the sequence of losing trades, the number of trades in this sequence is shown in brackets;
– Average Consecutive Wins - the average value of the sequence of profitable trades;
– Average Consecutive Wins - the average value of the sequence of losing trades.

Understanding all that is written in detailed report from MetaTrader 4, you can easily evaluate your and not only your success in trading on .