Glossary

Account: A local FTJ trading-account record with a name, base currency, balances and cash flows. Each trade belongs to one account.
Base Currency: The denomination currency of an FTJ account and the currency used for account-level P/L and journal-wide Break-Even tolerance classification for that account’s trades.
Break-Even Tolerance: A journal-wide absolute Net P/L amount used to classify small positive or negative account-base outcomes as Break-even for review. It does not rewrite actual P/L and is separate from the Exclude-break-even Win Rate denominator option.
Broker Reported P/L: Usable booked account-currency P/L supplied by an integrated broker/platform for an eligible imported trade.
Calculated P/L: P/L rebuilt by FTJ from current execution quantities/prices and available conversion information.
Cash Flow: A deposit or withdrawal that changes account balance but is not a trading result.
Confluence: A reusable tag for a condition or observation associated with a trade setup. It does not predict whether the trade will succeed.
Drawdown: A decline from a previous realised-performance high to a later value/trough for the selected Reports scope and currency mode.
Equity Curve: A chronological chart of cumulative realised results for the selected data scope.
Execution: One fill with a side, quantity, price and timestamp. An execution-based trade contains one or more executions.
Exit Reason: A structured tag recording why a trade was closed.
Expectancy: A calculated average outcome per included trade, based on the metric’s current valid data scope.
Gross P/L: Realised profit or loss before effective fees and swap adjustments.
Initial SL: The original risk-defining Stop Loss recorded for the trade. A later observed break-even/trailing stop does not overwrite a known Initial SL.
Initial TP: The original summary planned Take Profit when known. When a Planned Targets plan exists, TP1 controls the summary Initial TP.
Lot: A display/entry quantity based on configured Units per Lot for a specific account and symbol. FTJ stores trade quantity in units.
Net P/L: Realised profit or loss after effective fees and swap.
Open Trade: A position that has not been flattened/closed. It does not show realised Gross/Net P/L or contribute to closed-trade KPIs.
Payoff Ratio: The magnitude of average winning result divided by the magnitude of average losing result for included trades. It is not an R-multiple.
Planned R: Planned reward relative to original Entry-to-Initial-SL risk. A multi-target plan uses the target percentage allocations to calculate weighted Planned R.
Planned Target: One intended take-profit level in the pre-trade plan. A complete multi-target plan assigns percentage allocations totalling 100%. Planned targets remain separate from actual fills/exits.
Profit Factor: Gross positive results divided by the magnitude of gross negative results for included trades, when the required data exists.
Realised R: Effective realised Net P/L divided by the original account-base risk. It is unavailable when the required initial-risk/P/L/currency data is invalid or missing.
Reporting Currency: The currency used for combined monetary reporting across accounts in Dashboard and Reports. It does not change dimensionless R or account-base Break-Even classification.
Session: A trade tag selected from Asia, London, NY, London/NY Overlap, Afternoon or Evening.
Sharpe Ratio: A risk-adjusted return metric shown only when the current calculation has enough valid data. The in-app value is authoritative.
Stop History: Broker stop states FTJ actually observed after the original plan. It is stored separately from Initial SL; its timestamp is the observation time, not a reconstructed exact broker amendment time.
Strategy: A reusable tag for a named trading setup or approach.
Swap: Financing/rollover value associated with holding a position. Imported broker values can be supplemented by a separate journal adjustment where supported.
Unit: The stored quantity basis used by FTJ. Lots are converted to/from units through Units per Lot.
VWAP (Volume-Weighted Average Price): An average price weighted by execution quantity, used for execution-derived entry/exit values.
Win Rate: The percentage of eligible included closed trades classified as Wins under the journal’s Break-Even rule and the current Exclude-break-even denominator setting.