On the main screen of the trade journal, there are a couple of resources immediately available at the top: the total return of your trades, batting average, and profit factor.
You might be wondering what these are for, so in this article, we will explain each one!
Total Return: this is the actual rate of return of an investment or a pool of investments over a given evaluation period. Once you start opening and closing trades this meter will show the return you have made over the trades you have logged.
Batting Average: this is calculated by dividing your total wins by the total amount of trades. If you made 100 trades and 71 were wins your batting average would be 71%
Profit Factor: this is the gross profit ratio to the gross loss of all the trades in the portfolio. This is denoted as a fraction: gross winning trades / gross losing trades. Whatever value that ends up being (displayed as a decimal) will be the expected earnings per dollar invested.
As an example of this, if you have a profit factor of 2.7, then for every $1 dollar invested, you may expect a $2.70 return.