How to Read Your MT4 Trading Statement

MetaTrader 4 trading statements allow you to evaluate your overall trading performance and examine your individual trades.

To access trading reports in MT4:

• In MetaTrader 4, go to the "Account History" tab in the lower "Terminal" menu.
• Right-click to bring up a drop-down menu.
• Select "Save as Report" from the drop-down menu.

By right-clicking in the "Account History" tab, you can choose to generate a trading report for the entire history of trading ("All History"), the "Last 3 Months," or the "Last Month." Or generate a report for the time period of your choice by selecting "Custom Period."

Daily trading reports (Confirmations) and monthly reports (Statements) are sent to your registered email address.

What You'll Find in Your Trading Report:

• 1. Deposit/Withdrawal: the total result of deposits and withdrawals to/from the account over the reporting period (if no deposits or withdrawals were made, "Deposit/Withdrawal" will read 0
• 2. Credit Facility: credit available
• 3. Closed Trade P/L: total profits or losses from transactions closed during the period
• 4. Floating P/L: total floating profits and losses on all transactions open on a client's account at the time the report is generated
• 5. Margin: total margin for all open transactions at the time the report is generated
• 6. Balance: the total financial result of all completed trading and non-trading transactions on the trading account at the time the report is generated
• 7. Equity: the total financial result of all completed trading and non-trading transactions as well as open positions on the trading account at the time the report is generated, calculated using the following formula: Equity = Balance + Credit + Floating Profit - Floating Loss
• 8. Free Margin: funds available to open a new position at the time the report is generated, calculated using the following formula: Free Margin = Equity - Margin.

In addition to regular trading reports, MetaTrader 4 allows you to generate a "detailed report," which also includes additional information about your trading account, allowing you to analyze your trading performance more thoroughly.

To generate a detailed report:

• In MetaTrader 4, go to the "Account History" tab in the lower "Terminal" menu.
• Right-click to bring up a drop-down menu.
• Select "Save as Detailed Report" from the drop-down menu.

What You'll Find in Your Detailed Report (in addition to the information found in regular trading reports):

• 1. Gross Profit: the sum of total profits on profit-earning positions over the reporting period
• 2. Gross Loss: the sum of total losses on loss-making positions over the reporting period
• 3. Total Net Profit: the difference between "Gross Profit" and "Gross Loss"
• 4. Profit Factor: a measure of your return, a coefficient showing the ratio of "Gross Profit" to "Gross Loss"
• 5. Expected Payoff: your "Total Net Profit" divided by the number of transactions made
• 6. Absolute Drawdown: drawdown from the initial acount balance, how much the balance has decreased in relation to the initial deposit
• 7. Maximum Drawdown: the largest drop from a peak to a trough during a certain time period (expressed as a monetary value), it may be higher than the "Absolute Drawdown" and show a loss even during a profit-earning period
• 8. Relative Drawdown: shows the "Maximum Drawdown" expressed as a percentage of initial deposit
• 9. Total Trades: the total number of completed transactions on the trading account
• 10. Short Positions (Win%): the number of short positions closed during the period (the percentage of short positions which earned a profit is shown in parentheses)
• 11. Long Positions (Win%): the number of long positions closed during the period (the percentage of long positions which earned a profit is shown in parentheses)
• 12. Profit Trades (% of Total): the total number of profit-earning transactions during the period (the percentage out of the total number of transactions is shown in parentheses)
• 13. Loss Trades (% of Total): the total number of loss-making transactions during the period (the percentage out of the total number of transactions is shown in parentheses)
• 14. Largest Profit Trade: the most earned on a single transaction
• 15. Largest Loss Trade: the most lost on a single transaction
• 16. Average Profit Trade: the average amount earned on transactions which earned a profit (Gross Profit / Profit Trades)
• 17. Average Loss Trade: the average amount lost on transactions which made a loss (Gross Loss / Loss Trades)
• 18. Maximum Consecutive Wins ($): the longest streak of consecutive profit-earning transactions (the total profits earned on these transactions, in the deposit currency, is shown in parentheses)
• 19. Maximum Consecutive Losses ($): the longest streak of consecutive loss-making transactions (the total losses earned on these transactions, in the deposit currency, is shown in parentheses)
• 20. Maximum Consecutive Profit (count): the most earned on a transaction during the streak of consecutive profit-earning transactions (the number of transactions in the streak is shown in parentheses)
• 21. Maximum Consecutive Loss (count): the most lost on a transaction during the streak of consecutive loss-making transactions (the number of transactions in the streak is shown in parentheses)
• 22. Average Consecutive Wins: the average number of consecutive profit-earning transactions
• 23. Average Consecutive Loss: the average number of consecutive loss-making transactions