Calculate key performance indicators commonly used on Myfxbook to assess trading account profitability and risk.
Performance Metrics
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Understanding Myfxbook Performance Metrics
The Myfxbook platform is a popular service for tracking and analyzing forex trading accounts. It provides a suite of performance metrics that help traders understand their profitability, risk management, and overall trading strategy effectiveness. This calculator helps you compute some of the most essential metrics, enabling you to gain deeper insights into your trading performance.
Key Metrics Calculated:
Profit Factor: This ratio measures the amount of gross profit generated relative to the gross loss. A profit factor greater than 1 indicates that the account is profitable. It's calculated as:
Profit Factor = Gross Profit / Gross Loss
Win Rate: This metric represents the percentage of trades that were profitable. A higher win rate generally indicates a more successful trading strategy, though it must be considered alongside the average win/loss ratio. It's calculated as:
Win Rate = (Winning Trades / Total Trades) * 100%
Net Profit: The actual profit or loss after accounting for all gains and losses.
Net Profit = Gross Profit – Gross Loss
Net Profit Percentage: The net profit relative to the starting balance, expressed as a percentage.
Net Profit Percentage = (Net Profit / Starting Balance) * 100%
How to Use This Calculator:
To use this calculator, simply input the following details from your trading account's statement or analytics platform (like Myfxbook itself):
Starting Balance: The account balance at the beginning of the period you are analyzing.
Ending Balance: The account balance at the end of the period.
Gross Profit: The sum of all profits from winning trades during the period.
Gross Loss: The sum of all losses from losing trades during the period.
Total Trades: The total number of trades executed during the period.
Winning Trades: The number of trades that resulted in a profit.
Click the "Calculate Metrics" button to see your calculated Profit Factor, Win Rate, Net Profit, and Net Profit Percentage. These figures can help you compare your performance against benchmarks, identify areas for improvement, and make more informed trading decisions.
function calculateMyfxbookMetrics() {
var startingBalance = parseFloat(document.getElementById("startingBalance").value);
var endingBalance = parseFloat(document.getElementById("endingBalance").value);
var grossProfit = parseFloat(document.getElementById("grossProfit").value);
var grossLoss = parseFloat(document.getElementById("grossLoss").value);
var totalTrades = parseInt(document.getElementById("totalTrades").value);
var winningTrades = parseInt(document.getElementById("winningTrades").value);
var resultDiv = document.getElementById("result");
var resultValueDiv = document.getElementById("result-value");
var resultDetailsP = document.getElementById("result-details");
// Clear previous results
resultValueDiv.innerHTML = "–";
resultDetailsP.innerHTML = "";
resultDiv.style.display = 'none'; // Hide initially
// Input validation
if (isNaN(startingBalance) || isNaN(endingBalance) || isNaN(grossProfit) || isNaN(grossLoss) || isNaN(totalTrades) || isNaN(winningTrades)) {
resultDetailsP.innerHTML = "Please enter valid numbers for all fields.";
resultDiv.style.display = 'block';
return;
}
if (totalTrades totalTrades) {
resultDetailsP.innerHTML = "Winning trades cannot be more than total trades.";
resultDiv.style.display = 'block';
return;
}
if (grossLoss < 0 || grossProfit < 0 || startingBalance < 0 || endingBalance 0) {
profitFactor = grossProfit / grossLoss;
} else if (grossProfit > 0) {
profitFactor = Infinity; // Handle division by zero if gross loss is 0 and gross profit is positive
} else {
profitFactor = 0; // If both are zero or negative, profit factor is 0
}
var winRate = (winningTrades / totalTrades) * 100;
var netProfit = grossProfit – grossLoss;
var netProfitPercentage = 0;
if (startingBalance > 0) {
netProfitPercentage = (netProfit / startingBalance) * 100;
}
// Format results
var formattedProfitFactor = profitFactor === Infinity ? "∞" : profitFactor.toFixed(2);
var formattedWinRate = winRate.toFixed(2) + "%";
var formattedNetProfit = netProfit.toFixed(2);
var formattedNetProfitPercentage = netProfitPercentage.toFixed(2) + "%";
// Display results
resultValueDiv.innerHTML = formattedProfitFactor;
resultDetailsP.innerHTML = `
Profit Factor: ${formattedProfitFactor}
Win Rate: ${formattedWinRate}
Net Profit: $${formattedNetProfit}
Net Profit %: ${formattedNetProfitPercentage}
`;
resultDiv.style.display = 'block';
}