Performance is a risk-adjusted measure of returns. It estimates what percentage return you can expect on every dollar that you risk on a trade.
“Performance over time” shows how your performance changed in the selected time period.
This can be different to the Total P&L chart if the number of trades that are traded in different time periods shows large swings.
Use this chart to look for patterns in your returns – which are independent of the number of trades you are trading.
For those interested in the details, it is calculated as follows:
(Win Rate * Avg Winning P&L + (1-Win Rate) * Avg Losing P&L) / Avg Losing P&L
“Expected P&L by trade over time ”uses the average P&L per trade as an alternative way to look at your returns.
Use this chart if you are experimenting with your individual trade exposure.For example if your “Performance over time” shows 2 periods of 10 trades each with returns of +5% and -5%.It may be that your average returns on the winning period was €500 per trade, and on your losing period was €100 per trade.
Determine the most appropriate view for your own trading style.