Glossary

Account

A trading account in FTJ with a name, base currency, and balance. Each trade belongs to exactly one account.

Base Currency

The denomination currency of an account. All P&L values for trades in that account are converted to this currency.

Confluence

A market condition or technical signal that supports a trade entry. Multiple confluences aligning increases confidence in a trade setup.

Drawdown

The decline from a peak in your equity curve to a subsequent trough. Measured in absolute terms, percentages, or R-multiples.

Equity Curve

A chart of your cumulative P&L over time. An upward-sloping curve indicates overall profitability.

Execution

A single fill or order execution at a specific price, time, and quantity. A trade can consist of one or more executions.

Exit Reason

A categorization of why a trade was closed (e.g. “Hit Take Profit”, “Stopped Out”).

Expectancy

The average amount you can expect to win (or lose) per trade.

Gross P&L

Profit or loss before subtracting fees and swap charges.

Lot

A standardized position size. In forex, a standard lot is typically 100,000 units. FTJ lets you configure custom lot sizes per instrument.

Net P&L

Profit or loss after subtracting fees and swap charges.

Payoff Ratio

The ratio of the average winning trade to the average losing trade. Values above 1.0 mean your winners are larger than your losers on average.

Profit Factor

The ratio of total gross profit to total gross loss. Values above 1.0 indicate overall profitability.

R-Multiple

A trade’s profit or loss expressed as a multiple of the initial risk (distance from entry to stop loss). A +2R trade means you made twice what you risked.

Reporting Currency

The currency selected in the Dashboard’s top bar for displaying all monetary values. May differ from an account’s base currency.

Risk-Reward Ratio (R/R)

The ratio of potential reward to potential risk:

Session

The trading session window (e.g. New York, London, Asia/Tokyo). Tagging trades by session enables session-based analytics.

Sharpe Ratio

A risk-adjusted performance measure. Higher values indicate better risk-adjusted returns.

Strategy

A defined trading approach or setup type (e.g. “Trend Following”, “Breakout Trading”).

Swap

Overnight financing charges (also called rollover) applied to positions held across trading sessions.

VWAP (Volume-Weighted Average Price)

The average price weighted by the volume of each execution. Used as the effective entry or exit price when a position is built or closed with multiple fills.

Win Rate

The percentage of trades that resulted in a profit.