The trade history of SsmaTech's Master account is verified in near real-time by external auditors XM Global Limited and Myfxbook Ltd.
[ Auditors ]
Master account specifications: MetaTrader5 88569099, 1:500, USD, XM Global
Master account codename: "SsmaTech N3.1"
Auditor 1: XM Global Limited
Trade history as verified by XM Global Limited:
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Description: Basic statistics. Equity curve based on both open and closed trades.
Update frequency: Near real-time.
Auditor 2: Myfxbook Ltd
Trade history as verified by Myfxbook Ltd:
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Description: Advanced statistics. Growth curve based on closed trades, equity curve based on both open and closed trades.
Update frequency: Every 24-36 hours.
What follows are notes from SsmaTech's team on how to interpret Myfxbook's statistics for the purpose of evaluating the soundness of a strategy.
The easiest-to-interpret metrics to evaluate the profitability of a strategy are the average profit and loss in absolute value (Average Win, Average Loss) in relation to the win rate (Longs won, Shorts won). The average return on each trade (Expectancy, AHPR) is an eloquent metric as well. The long-term soundness of a strategy can be evaluated by relating the aforementioned 6 metrics to the overall number of trades (Trades).
The dataset can also be restricted to a specific time interval (Custom Analysis button) for a time-oriented perspective, eg. to compile statistics using the most recent data only.
Advanced users can gauge the risk taken in relation to the return by analyzing i) the linearity of the equity curve (Growth chart), ii) the day-to-day drawdown percentage (Drawdown chart), iii) the size of trades (Lots in the History tab) in relation to the size of the account (Balance), iv) the ratio between overall profits realized and overall losses realized (Profit factor).
Note: The risk-adjusted return (Sharpe ratio) and the Maximum Adverse/Favorable Excursion (MAE, MFE tabs) metrics, which typically offer an excellent assessment of the risk profile of a strategy, may be skewed in SsmaTech's case as hedging orders are employed to manage risk (eg. in lieu of conventional stop-loss orders).