If you would like to analyze the effectiveness of your trading and study specific operations made on your account in more detail, you can use the report generation function in the MetaTrader 4 platform. To use this function, you need to:
- Go to the "Account History" tab in the MetaTrader 4 trading platform;
- Right-click the mouse for the context menu;
- Choose the option "Save as Report" in the context menu.
Trading reports can be generated for a variety of different time periods. To specify the time period you prefer, click the option "Custom Period" in the context menu of the "Account History" tab.
Daily trading reports (Confirmation) and monthly reports (Statement) are usually sent to the email address the account holder specified when registering.
Composition of a Standard Report:
- 1. Deposit/Withdrawal – the total value of deposits or withdrawals for the reporting period. If there were no deposits or withdrawals, the Deposit/Withdrawal value will be equal to 0;
- 2. Credit Facility – available credit;
- 3. Closed Trade P/L – total profit or loss on transactions closed during the statement period. This indicator describes the financial result for the given time period;
- 4. Floating P/L - floating profit and loss on all open transactions on the Client’s account at the moment the report is generated;
- 5. Margin – margin requirements for all open transactions at the moment the report is generated;
- 6. Balance – total financial result of all completed transactions and operations on the trading account at the moment the report is generated;
- 7. Equity - the composition of the account when the report is generated. This is calculated using the following formula: Equity = Balance + Credit + Floating Profit- Floating Loss;
- 8. Free Margin - funds on the trading account that can be used to open new positions at the moment the report is generated. This is calculated using the following formula: Free Margin = Equity - Margin.
You also have the option in the MetaTrader 4 platform to generate detailed reports, which include supplementary indicators along with the main report data (the composition of a standard report). This allows you to carry out a more thorough analysis of the work on your trading account.
To generate a detailed report, you must:
- Go to the "Account History" tab in the MetaTrader 4 trading platform;
- Right-click the mouse for the context menu;
- Choose the option "Save as Detailed Report" in the context menu.
Supplementary Components of a Detailed Report:
- 1. Gross Profit - total profit on transactions with positive results for the reporting period;
- 2. Gross Loss - total loss on transactions with negative result for the reporting period;
- 3. Total Net Profit - net profit, the difference between the Gross Profit and Gross Loss indicators;
- 4. Profit Factor - profitability, coefficient that shows the relation of Gross Profit to Gross Loss;
- 5. Expected Payoff - expected profit, the result of dividing net profit by the number of transactions;
- 6. Absolute Drawdown - drawdown from initial balance, shows how much the balance has decreased in relation to the initial value;
- 7. Maximum Drawdown - value that shows the maximum recorded drawdown, expressed in monetary terms. Difference between the last maximum and current minimum. This may exceed Absolute Drawdown, showing the size of possible loss even if trading is positive;
- 8. Relative Drawdown - relative drawdown, shows the maximum drawdown expressed as a percentage in relation to the initial deposit;
- 9. Total Trades - the number of the transactions made on the trading account;
- 10. Short Positions (won%) - the number of closed short positions, the percentage of profitable short positions of the total is in parentheses;
- 11. Long Positions (won%) - the number of closed long positions, the percentage of profitable long positions of the total is in parentheses;
- 12. Profit Trades (% of total) - the total number of profitable transactions, the percentage of the total is in parentheses;
- 13. Loss Trades (% of total) - the total number of loss-making transactions, the percentage of the total is in parentheses;
- 14. Largest Profit Trade - transaction with the maximum positive financial result;
- 15. Largest Loss Trade - transaction with the maximum negative financial result;
- 16. Average Profit Trade - average profit on a transaction (Gross ProfitProfit Trades);
- 17. Average Loss Trade - average loss on a transaction (Gross LossLoss Trades);
- 18. Maximum Consecutive Wins ($) - number of transactions in the longest sequence of profitable transactions (the sum of profit on these transactions in the deposit currency is in parentheses);
- 19. Maximum Consecutive Losses ($) - number of transactions in the longest sequence of loss-making transactions (the sum of loss on these transactions in the deposit currency is in parentheses);
- 20. Maximum Consecutive Profit (count) - the maximum profit in the sequence of profitable transactions (the number of transactions in this sequence is indicated in parentheses);
- 21. Maximum Consecutive Loss (count) - the maximum loss in the sequence of loss-making transactions (the number of transactions in this sequence is indicated in parentheses);
- 22. Average Consecutive Wins - average size of sequence of profitable transactions;
- 23. Average Consecutive Loss - average size of sequence of loss-making transactions.