Graphs Tab Glossary
Average Profit By Month - This graph shows a strategy's individual monthly returns in $ (by month in a year). The average returns per month serve as a general seasonal overview of trading performance.
Detailed Equity Curve - This graph offers greater insight into trading performance than a general equity curve graph. It displays net profit on a bar-by-bar basis revealing equity drawdowns and run-ups. Flat or non-trading periods are also shown to present a detailed overview of equity performance.
Drawdown - The Drawdown graph illustrates each trade's drawdown vs. Trade Number for all trades in the Strategy Analyzer Report.
Drawdown P/L - This graph displays each trade's drawdown together with Realized Profit/Loss in $ vs. Trade Number in a bar graph format. The smaller the bar, the closer the trade was to its individual maximum drawdown. Winning trades are displayed in green, losing trades in red.
Equity Curve Line - This graph displays an equity (in $) vs. trade number for all closed trades. The equity curve line chart presents trading performance on a trade-by-trade basis. This chart does not use time on its x-axis, but rather the realized profit per trade. This all-purpose equity chart is best used as a general snapshot of trading performance.
Equity Curve Area - This graph is an area graph of the Equity Curve Line. It displays the equity curve area (in $) vs. trade number for all closed trades.
Losing Trades - The Losing Trades graph displays profit in $ vs. Trade Number for all losing trades for the open report. When the strategy has outlier trades, they are represented with large dots.
Maximum Adverse Excursion - This graph is best used to determine protective money management stops for a trading strategy. It graphs each trade's realized Profit/Loss vs. Drawdown in a scatter graph format. The green up arrows represent winning trades and the red down arrows represent losing trades. Look to place a protective stop in an area that captures the majority of winning trades while simultaneously limiting the strategy's exposure to large drawdowns.
Maximum Adverse Excursion, % - Produces the Maximum Adverse Excursion graph, but uses percentages rather than dollar amounts. This graph is best used for longer-term evaluations.
Maximum Favorable Excursion - This graph is best used to determine trailing stops for a trading strategy. The Maximum Favorable Excursion graph shows the realized Profit/Loss vs. Drawdown in a scatter graph format. The green up arrows represent winning trades, and the red arrows represent losing trades. Look to place a trailing stop in an area that captures the majority of winning trades while simultaneously limiting the strategy's exposure to profit erosion. For more information on Maximum Favorable Excursion, refer to the book Campaign Trading by John Sweeney.
Maximum Favorable Excursion, % - Produces the Maximum Favorable Excursion graph, but uses percentages rather than dollar amounts. This graph is best used for longer-term evaluations.
Monthly Net Profit - This graph represents the equity of the strategy on a monthly basis.
Run-Up - The Run-up graph displays each trade's run-up vs. Trade Number for all trades in the Strategy Analyzer Report.
Run-Up P/L - Graphs each trade's run-up to realized profit distance in bar graph format. The smaller the bar, the closer the trade was to its individual maximum run-up. Winning trades are displayed in green, losing trades in red.
Total Trades - This graph illustrates the profit in $ vs. Trade Number for all trades. Blue line stands for the average profit/loss. When the strategy has outlier trades, they are represented with large dots, in green (positive) or red (negative).
Underwater Equity Curve - This graph serves as a pessimistic review of equity performance over time. Each black vertical bar represents a new equity high based on monthly data. The negative curve between equity peaks represents the percent retracement from the previous high.
Winning Trades - The Winning Trades graph displays profit in $ vs. Trade Number for all winning trades for the open report. When the strategy has outlier trades, they are represented with large dots.