T4TCapital Trader Dashboard
T4TCapital provide a Trader Dashboard to enable traders to easily monitor their Risk Available, Open Risk, Account Limits and Performance Metrics. To ensure you do not breach any limits and incur a reset it is important that traders understand how to use the dashboard.
Trading Rules & Account Limits
Metrics used for scaling up in the Live Account.
Target: 1 or above
Target: Above 50 Lots
This is the amount of capital you have in your trading account with all trades closed. This is your 'Realized Capital Balance' once all your trades have been closed.
This is the real time calculation of your P&L. The calculation includes your open trades in the market. Consider it as your 'Unrealized Capital Balance'. When you have no trades open your Equity Balance will be the same as your Account Balance.
High Water Mark
This is the highest Account Balance you have had since starting the account.
Weekly Loss Limit Level
This the level that your Equity Balance or Account Balance must not go below during the week. If you are not sure or want a more detailed explanation then learn more about the Weekly Loss Limit Level.
Max Drawdown Limit Level
This the level your Equity Balance or Account Balance must not go below. It trails your High Water Mark. In certain circumstances the Max Drawdown Limit Level may overtake the Weekly Loss Limit Level at which point this becomes the limiting factor.
This is calculated by taking the difference between the Account Balance and the 'nearest limit' that meaning which ever is the closest, the Weekly Loss Limit Level or the Max Drawdown Limit Level.
This is the amount of risk you have in the market when you have a trade open. If your 'Open Risk' exceeds the Risk Available your trade will be closed.
This simply shows how many winning days trading you have had. In short if after a day trading your trades add up to a profit that is a winning day.
The win rate is the ratio of winning trades against losing trades. You should aim for at least 45% to be a sustainably profitable trader.
This is a professional performance metric used by fund managers to access the risk profile of a trader, you are looking to achieve 1 or above.
RoMaD or Risk over Max Drawdown
This is another professional performance metric is a risk-adjusted return metric. It can be expressed as: RoMaD = portfolio return ÷ maximum drawdown.
This is the total number of Lots traded. The target is set at 50 Lots.
Profit & Loss
This is the difference between the Account Starting Balance and the current Account Balance.
This is the difference between the Account Balance at the start of the week and the account balance as of now.
This is the difference between the Account balance at the start of the month and the account balance as of now.
Projected Annual P&L
This is the projected P&L you may achieve if you trade with your current trading strategy.