Trading glossary

Trading glossary

The numbers a trading journal reports, explained with the formula, a worked example and the traps that make them wrong.

Terms

R multiple — a trade's result measured against what it risked→ Expectancy — the average result per trade over many trades→ Profit factor — total winnings divided by total losses→ Max drawdown — the biggest fall from a peak to a later low→ MFE and MAE — how far price went for and against a trade→

See them on your own trades

ApeX Journal works out every figure above from your MetaTrader 5 history, with nothing to type in.

What the MT5 trading journal does→ ApeX Journal user manual→