The Strategic Dashboard:
Your Options, Visualized
Results
Explore the intricacies of our results by perusing the documentation.
Calculated Fields
Navigate through the intricacies of our calculated fields for in-depth insights and analytical clarity.
ROI
ROI indicates the percentage of net profit or loss in relation to the total capital at risk per trade. ROI helps to assess whether a strategy is adequately compensating for the level of risk taken.
Entry Net
IF Trade Type is T2, T5, T6 or T7 THEN
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IF(open_sell_leg_price-open_buy_leg_price > 0, (open_sell_leg_price-open_buy_leg_price) * -1, open_sell_leg_price-open_buy_leg_price)
ELSE
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IF(open_sell_leg_price-open_buy_leg_price < 0, (open_sell_leg_price-open_buy_leg_price) * -1, open_sell_leg_price-open_buy_leg_price))
Exit Net $
IF Trade Type is T2, T5, T6 or T7 THEN
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IF(close_sell_leg_price-close_buy_leg_price < 0, (close_sell_leg_price-close_buy_leg_price) * -1, close_sell_leg_price-close_buy_leg_price)
ELSE
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IF(close_sell_leg_price-close_buy_leg_price > 0, (close_sell_leg_price-close_buy_leg_price) * -1, close_sell_leg_price-close_buy_leg_price)
Entry Sell $
=IF(open_sell_leg_price > 0, open_sell_leg_price * -1, open_sell_leg_price)
Exit Buy $
=IF(close_buy_leg_price > 0, close_buy_leg_price * -1, close_buy_leg_price)
Entry Buy $
=IF(open_buy_leg_price < 0, open_buy_leg_price * -1, open_buy_leg_price)
Exit Sell $
=IF(close_sell_leg_price < 0, close_sell_leg_price * -1, close_sell_leg_price)
# of Trades
Total number of closed trades (both winning and losing) generated by a strategy.
The total number of trades is important for a number of reasons.
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First, the number should be large enough for strategy results to be of any statistical significance.
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Second, the number can help validate that your strategy is trading at the frequency you expect.
Profit Factor
The amount of money a trading strategy made for every unit of money it lost.
Profit Factor is calculated by the formula:
Profit Factor = (Win% x Avg Win) / (Loss% x Avg Loss)
* A value above 1 indicates that the trading system is profitable
* A value below 1 indicates that the trading system is not profitable
Expectancy Per Trade
Expectancy per Trade is the average amount a trader can expect to win/lose using a particular system/strategy.
This is calculated by the formula:
Expectancy = (Win% x Avg Win) – (Loss% x Avg Loss)
* A positive value (above zero) indicates that the trading system is profitable
* A negative value (below zero) indicates that the trading system is not profitable
# of Trades per Month
Average number of trades per month
Expectancy Per Month
Trade Expectancy per Month is the average amount a trader can expect to win/lose using a particular system/strategy for a period of 30 days (month).
This is calculated by the formula:
Expectancy per Month = Expectancy per Trade x # of Trades per Month
* A positive value (above zero) indicates that the trading system is profitable
* A negative value (below zero) indicates that the trading system is not profitable
Expectancy
Per Year
Trade Expectancy per Year is the average amount a trader can expect to win/lose using a particular system/strategy per year.
This is calculated by the formula:
Expectancy per Year = Expectancy per Month x 12 months
* A positive value (above zero) indicates that the trading system is profitable
* A negative value (below zero) indicates that the trading system is not profitable
Avg Win
Gross Profit divided by the number of winning trades generated by a strategy.
Avg Loss
Gross Loss divided by the number of losing trades generated by a strategy.
Win Rate
Win percentage, also referred to as the "Percent profitable" or "win rate," indicates the percentage of winning trades in relation to the total number of closed trades generated by a strategy.
While it can provide some insights into a strategy's performance, it is important to consider it in context and alongside other performance metrics.
This is calculated by the formula:
Win Rate = (Number of Winning Trades / Total Number of Closed Trades) x 100
Limitations of Win Rate:
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Average Trade Size: As you've noted, a high win rate doesn't necessarily mean a strategy is successful. A strategy may have many small winning trades, resulting in a high win rate, but if the average winning trade is small, it may not be a profitable strategy in the long run.
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Large Winners: Conversely, a strategy with a low win rate may still be profitable overall if it can achieve a few substantial winning trades that offset the losses from smaller losing trades.