What These Stats Are — and Where to Find Them?
(All Available Free on Myfxbook)
Most beginners focus on entries, indicators, and predictions.
Professionals focus on numbers about themselves.
If you don’t know these stats, you’re not trading — you’re guessing.
The good part? All of them are available for free on Myfxbook.
1. Risk–Reward Ratio (R:R)
Risk–reward tells you how much you risk to make a certain amount.
Example:
Risk 100 to make 300 → 1:3 R:R
Why it matters:
- Higher R:R allows lower win rate
- Lower R:R demands higher accuracy
How Risk–Reward Decides How Often You Need to Be Right
| Risk–Reward (R:R) | What It Means | Win Rate Needed to Break Even |
|---|---|---|
| 1 : 1 | Risk 1 to make 1 | ~50% |
| 1 : 2 | Risk 1 to make 2 | ~34% |
| 1 : 3 | Risk 1 to make 3 | ~25% |
| 1 : 4 | Risk 1 to make 4 | ~20% |
| 1 : 5 | Risk 1 to make 5 | ~17% |
Key insight:
You don’t need to be right most of the time.
You need your winners to be bigger than your losers.
On Myfxbook:
Derived from Average Win vs Average Loss.
2. Win Rate (Hit Ratio)
Win rate is how often your trades win.
Example:
40 winning trades out of 100 → 40% win rate
Beginner mistake:
- Chasing high win rates
Reality:
- Many profitable traders win only 35–50%
- Win rate alone means nothing without R:R
On Myfxbook:
Shown directly as win percentage.
3. Trade Frequency
Trade frequency is how often your strategy trades.
Example:
- 3–5 quality trades per week
vs - 20 random trades per day
Why it matters:
- More trades = more costs + emotional fatigue
- Fewer trades = patience + discipline
Good trading is about repeatability, not activity.
On Myfxbook:
Seen via total trades and average trade duration.
4. Expectancy (The Most Important Number)
Expectancy answers one question:
“If I repeat this trade many times, do I make money?”
Example:
- Expectancy = +50 pips
→ On average, each trade adds value
Positive expectancy = edge
Negative expectancy = eventual loss
On Myfxbook:
Shown directly in pips and money.
5. Maximum Drawdown (Your Psychological Limit)
Drawdown is how much your account falls during losing phases.
Example:
- Strategy max drawdown = 15%
Most traders underestimate how hard recovery becomes after large losses.
How Drawdowns Affect Recovery
| Drawdown | Loss on Capital | Return Needed to Break Even |
|---|---|---|
| 5% | Small setback | ~5.3% |
| 10% | Manageable | ~11.1% |
| 20% | Serious | ~25% |
| 30% | Dangerous | ~43% |
| 40% | Very hard | ~67% |
| 50% | Critical | 100% |
Key lesson:
Losses grow linearly.
Recovery grows exponentially.
On Myfxbook:
Shown clearly as max / relative drawdown.
6. Risk Per Trade (Trader Dependent, Often Ignored)
Risk per trade is how much of your capital you risk on one trade.
Common professional ranges:
- Conservative: 0.25–0.5%
- Standard: 1%
- Advanced (proven edge, high expectancy): 2–3%
Important:
Professionals increase risk only after hundreds of trades confirm consistency and expectancy.
Beginners should always start small.
On Myfxbook:
Not shown directly — inferred from lot size, drawdown, and worst trades.
7. Profit Factor (Quick Health Check)
Profit factor compares total profits to total losses.
Example:
Profit Factor = 1.8
→ For every 1 unit lost, 1.8 units gained
Guidelines:
- Below 1.2 → weak
- 1.3–1.6 → average
- 1.6+ → strong
On Myfxbook:
Shown directly.
Final Takeaway
If these conditions are met:
- Positive expectancy
- Controlled drawdown
- Sensible risk per trade
- Healthy profit factor
The strategy works.
Trading is not about being right.
It’s about staying consistent long enough for probabilities to play out.
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