Detailed account history on MetaTrader 4

The MT4 platform is an integral part of trading for many traders. No wonder, it is intuitive, transparent, and at the same time offers a whole spectrum of possibilities. One of the interesting features is the insight into a more advanced history of orders, which transparently projects a deeper picture of what was happening on our account. Standard MetaTrader 4 account history is available in the third tab terminal only gives us a list of closed transactions with their details. MT4 allows you to save this history in the form of a separate file, but also has the option of saving a detailed report with many interesting additional data.

The problem is that the report is almost entirely in English (even though the language on the platform changes to Polish) and many of the phrases sound extremely enigmatic or deceptively similar. This article will dispel your doubts and teach you to read it properly.

How to save the transaction history

To generate a report in a separate file, go to the tab in the Terminal Account historyand then right-click on any item. Function Save the report will allow us to save the story in the basic form. After clicking and choosing a location, we automatically open a new file in .html format.

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Option Save the detailed report creates a different file that is enriched with things like:

• graphic depicting the capital curve,
• additional statistical data.

The capital curve

The graphic on the horizontal (x) axis numbers the transactions, and the vertical (y) axis numbers the account balance. herself curve it is based on the balance of closed positions, so it does not include open positions and what happened before they were closed (e.g. capital retirement).

Statistic data

Below we present a description of the definitions of individual items from the report by numbering.

1. Gross profit - total income (only profitable trades are counted)
2. Gross loss - total cost (only lossy transactions are counted)
3. Total net profit - net profit, i.e. the difference between the two above values
4. Profit Factor - measure of the rate of return, i.e. the ratio of total revenue to total cost
5. Expected Payoff - net profit divided by the number of closed transactions
6. Absolute Drawdown - maximum capital drawdown in relation to the initial margin
7. Maximal Drawdown - the maximum drawdown of capital calculated from the highest value of the account balance - may be higher than the Absolute Drawdown and show a loss even in the period when the account has a profit.
8. Relative Drawdown - this is Maximal Draw Down expressed as a percentage of the initial deposit
9. Total Trades - total number of closed positions
10. Short positions (won%) - number of short positions (percentage of positions with profit)
11. Long positions (won%) - number of long positions (percentage of positions with profit)
12. Profit Trades (% of total) - the number of positions ended with a profit (percentage of the total)
13. Loss Trades (% of total) - number of items ended with a loss (percentage of the total)
14. Largest - profit trade / loss trade - highest profit / loss in a single transaction, expressed in the account currency
15. Average - profit trade / loss trade - average profit / loss for a single transaction, expressed in the currency of the account
16. Maximum - consecutive wins / consecutive losses - maximum continuous profit / loss expressed in the account's deposit currency
17. Maximal - consecutive profit (count) / consecutive losses (count) - maximum continuous quantity profitable / lossy transactions
18. Average - consecutive wins / consecutive losses - average of continuous profit / loss trades

Please note that all these data do not include open positions.