Your scorecard represents your trading performance at a glance.
Combined with your trading goals it shows you if you are hitting your target performance, and the areas that might need to improve.
Performance is a measure of your trading returns. It uses the expectancy calculation to estimate the returns on your trades and is measured as:
For example, if you win 50% of the time, your winners average $90 and your losing trades average -$100 then your Performance is ($90*50%) - ($100*50%) / -100 which is an implied performance of -5%
Win Rate tells you what percentage of your trades are winners. It is measured as Total Winners / Total Trades.
Risk Reward tells you how large your winning trades are compared to your losing trades. It is measured as Average Winning P&L / Average Losing P&L.
Disposition tells you how long you spend in winning trades compared to losing trades. It is measured as Average time in winners / Average time in losers.
Once you set your performance goal, the scorecard will show you how each metric is performing.
Use the calendar to select the range of trades you would like to evaluate.
