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 target currency for account-level P/L values.
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 equity peak to a later value/trough for the selected trade 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.
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.
Profit Factor: Gross positive results divided by the magnitude of gross negative results for included trades, when the required data exists.
R-Multiple: A trade outcome expressed relative to recorded initial risk. It requires valid risk information such as Stop Loss.
Reporting Currency: The Dashboard currency used when combining monetary results across currencies/accounts.
Risk-Reward Ratio (R/R): A comparison between recorded reward distance/outcome and recorded risk distance, based on available Entry, Stop Loss and target/exit information.
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.
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 included closed trades with a positive realised result.