Enter your trade results as R-multiples to calculate win rate, expectancy, profit factor, and view your equity curve.
Most traders look at P&L and nothing else. Profitable traders look at the numbers behind the P&L — because P&L alone tells you almost nothing useful about whether your system has edge.
| Metric | What it tells you | Target |
|---|---|---|
| Win rate | % of trades that close in profit | Depends on R:R — 40% can be profitable |
| Profit factor | Gross profit ÷ gross loss | Above 1.5 is solid |
| Expectancy | Average R gained per trade | Any positive number is a working edge |
| Avg win / avg loss ratio | How big wins are vs losses | Higher is better; aim for 1.5:1 or above |
| Max consecutive losses | Worst losing streak in sample | Plan for 2× your worst streak |
Expectancy is particularly important because it is the only metric that tells you whether your system makes money per trade on average, adjusted for both win rate AND profit ratio. A positive expectancy — even 0.2R — means you make 20 cents for every dollar risked on average. Over 300 trades, that compounds significantly.
The equity curve tells the story of your trading over time. A consistently rising curve with shallow drawdowns indicates stable edge and good risk management. A curve with sharp drops followed by slow recoveries suggests emotional trading, oversized positions after losses, or revenge trading patterns.
Expectancy is the average R you expect to make per trade over a large sample. The formula is: (Win Rate × Average Win) − (Loss Rate × Average Loss). A positive expectancy means your system makes money over time. An expectancy of 0.5R means you expect to make half your initial risk per trade on average.
Statistical significance typically requires at least 30–50 trades for a rough estimate and 100+ trades for meaningful conclusions. With fewer trades, variance dominates and results are not reliable indicators of true edge. Tracking 200+ trades per setup gives much stronger data.
A healthy equity curve trends upward with relatively small drawdowns. The smoother the curve, the more consistent the edge. A curve with frequent sharp drops suggests large losing trades, emotional trading, or inadequate risk management. The slope of the curve reflects your expectancy per trade.
Tradapt calculates all of these metrics automatically from your real trade history — broken down by setup, session, instrument, and time of day. No manual entry of R-multiples required.
Start free — no card requiredCalculate your profit factor from gross profit and gross loss instantly.
Determine optimal position size for any trade based on your risk.
All these stats calculated automatically from your real trade history.