Reading Myfxbook: Returns, Drawdown and Profit Factor
Originally published 2025-05-18. Translation and editorial review: 14 October 2026. Market figures refer to the original reporting period.
Note: The illustrations in this article are only representative images. Use for educational purposes only. It is not related to our account in any way.
If you are a trader using Myfxbook to check the results of your own trading system or account. This article will take you to understand important values that can tell you both the “opportunity” and “risk” of your portfolio in depth.
🔍 Understanding the basic values on the home page
✅ Gain
Myfxbook Gain uses time-weighted return to reduce the effect of deposits and withdrawals. A 120% Gain is not simply profit divided by all money ever deposited.
✅ Abs. Gain
Absolute Return which is calculated from the total deposit amount and calculated by comparing the net profit amount with the total deposit amount
✅ Daily / Monthly
Daily: Average daily return.
Monthly: Average monthly return These two values are good for looking at the long-term growth trend of the system.
✅ Drawdown – Value that you cannot overlook.
Myfxbook reports the highest of its end-of-day, intraday and growth drawdown measures. Update frequency can affect what is observed; read the methodology alongside the percentage.
A 94.46% drawdown represents a severe peak-to-trough decline under the reported measure. It leaves only 5.54% of the peak value and signals very high capital risk.
📊 Dive into the Advanced Statistics tab.
✅ Long Won / Short Won
shows the win rate of Buy and Sell orders respectively. The higher the percentage, the higher the win rate. It shows that the system is very accurate on that side.
✅ Profit Factor
Profit Factor = gross profit from winning trades ÷ the absolute gross loss from losing trades over the measured sample.
Profit Factor = 1 means aggregate gross profits equal aggregate gross losses. It does not establish a 1:1 risk-to-reward ratio for individual trades.
Profit Factor = 2 means aggregate gross profit is twice aggregate gross loss. It does not establish a 1:2 risk-to-reward ratio for individual trades.
Evaluate Profit Factor with trade count, costs, drawdown, open exposure and out-of-sample results; a high value alone does not establish robustness.
🔎 Analysis of Trading Activity and History tabs.
✅ Open Trades
List of currently open commands. (Not yet closed for profit or loss)
✅ History
History of all closed trades. You can click to see details of each order.
In this tab note the SL (Stop Loss) and TP (Take Profit) fields.
If TP/SL is not specified in each command It's equal to opening the door for risks to escalate. And that's why it's common in systems with very high drawdowns. For example, the demo account with 94.46% of drawdowns had no TP/SL set at all.
📌 Summary:
Reading values on Myfxbook is not just to see if the system “Is it profitable or not?” but must be evaluated together with Risk level, especially the Drawdown, Profit Factor, and setting TP/SL is considered an important factor that reflects the stability of a trading strategy over the long term.
🧠 If you are analyzing your own trading system. Let's take a step back and look at these numbers. Then ask yourself: “Are we okay with the risks we see?”
Understanding is an investor's best defense.
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