Win Rate
What it is: The percentage of your trades that were profitable. Formula: (Winning trades ÷ Total trades) × 100 What to look for: Win rate alone doesn’t tell the whole story. A 40% win rate can be extremely profitable if your winners are much larger than your losers. A 70% win rate can lose money if your losses are outsized. Always look at win rate together with profit factor.Profit Factor
What it is: The ratio of your gross profits to your gross losses. Formula: Total gross profit ÷ Total gross loss What to look for:| Profit Factor | Interpretation |
|---|---|
| Below 1.0 | You’re losing money overall |
| 1.0–1.5 | Marginally profitable — small edge |
| 1.5–2.0 | Solid profitability |
| Above 2.0 | Strong edge |
| Above 3.0 | Excellent — but verify with enough sample size |
Consistency Score
What it is: A measure of how stable your win rate is over time. Why it matters: A trader with a 55% win rate that’s consistently 55% every week is in a very different position than one whose win rate swings between 20% and 90%. The consistency score helps you understand how reliable your edge is — whether your results are steady or highly variable. Lower values indicate higher consistency.Sharpe Ratio
What it is: A measure of your risk-adjusted returns. It compares your average daily profit to the volatility (standard deviation) of those daily returns, annualized. What to look for:| Sharpe Ratio | Interpretation |
|---|---|
| Below 0 | Losing money for the risk taken |
| 0–1.0 | Moderate risk-adjusted returns |
| Above 1.0 | Good risk-adjusted performance |
| Above 2.0 | Excellent — high returns relative to the variability of those returns |
Max Drawdown
What it is: The largest peak-to-trough decline in your cumulative P&L during the selected period. It measures the worst losing streak you experienced. Why it matters: Max drawdown tells you the worst-case scenario you actually lived through. If your max drawdown is 2,000 and your total P&L is 3,000, you had to endure giving back two-thirds of your profits at some point. This is critical for understanding whether your strategy is emotionally and financially sustainable for you.Average P&L Per Trade
What it is: Your total P&L divided by the number of trades. Why it matters: This tells you the expected value of each trade you take. If your average P&L per trade is positive, you have a positive expectancy — over many trades, you should make money. If it’s negative, you’re losing money on average with each trade you take.Largest Win / Largest Loss
What they are: The single biggest winning trade and single biggest losing trade in the selected period. Why they matter: These help you check if your P&L is being driven by a few outlier trades or by consistent performance. If your total P&L is positive but one massive winner accounts for most of it, your edge might not be as reliable as the headline number suggests.Trade Count
What it is: The total number of trades in the selected period, using flat-to-flat counting. Why it matters: More trades means more data and more reliable metrics. It’s also useful for monitoring overtrading — if your trade count is climbing but your win rate and P&L aren’t keeping up, you may be forcing trades.MAE (Maximum Adverse Excursion)
What it is: The furthest price moved against a trade during its lifetime, measured in points. For longs, this is the lowest point below your entry; for shorts, the highest point above your entry. Why it matters: MAE reveals how much “heat” your trades take before you exit. High MAE on winning trades means you’re getting the direction right but entering at poor prices or enduring unnecessary drawdown. High MAE on losing trades may indicate you’re holding losers too long. Available for ES, MES, NQ, and MNQ trades only.MFE (Maximum Favorable Excursion)
What it is: The furthest price moved in your favor during a trade’s lifetime, measured in points. Why it matters: MFE shows how much opportunity each trade offered. Compare MFE to your actual captured profit to see your exit efficiency — if MFE is consistently much larger than your captured profit, you’re leaving money on the table by exiting too early. Available for ES, MES, NQ, and MNQ trades only. For a deeper dive into MAE/MFE, see the MAE/MFE Analysis page.How metrics work across filters
All metrics in TurtleMetrics recalculate dynamically when you apply filters. Change the date range, switch accounts, or look at a specific setup or tag — the numbers update to reflect exactly the slice of data you’re looking at. This means you can ask questions like “What’s my win rate on Monday mornings?” or “What’s my profit factor on pullback setups in live accounts?” and get precise answers.Related
How P&L Is Calculated
The math behind gross and net P&L.
Dashboard
See your metrics in action.