Home Blog
The TapeSheet blog
14 posts, each built around a test you can run on your own exported statement rather than a claim you have to take on faith.
- Am I Overtrading? Three Tests From Your DataOvertrading isn't a feeling, it's a pattern. Three tests you can run on an exported statement, and the mistake tags worth tracking afterwards.
- What Revenge Trading Actually Costs You, in RStop guessing whether revenge trading hurts you. A rule for spotting it in your own history, and the arithmetic that turns the habit into a number.
- R-Multiple and Expectancy, Explained ProperlyMeasure trades in R, not currency. The R-multiple formula, the expectancy formula, a worked 10-trade example, and the mistakes that corrupt both.
- What Is a Good Win Rate in Forex? The Real AnswerA good win rate depends entirely on your payoff ratio. The break-even table, the formula, and how to work out the win rate your strategy actually needs.
- What Is a Good Profit Factor in Trading?Profit factor is gross profit divided by gross loss. The formula, a worked example, what counts as good at your sample size, and what it hides.
- MT4 Drawdown: Absolute vs Maximal vs RelativeMetaTrader prints three drawdown figures and they mean different things. What each measures, a worked equity path, and which one to actually care about.
- Trailing Drawdown Explained (With the Maths)What a trailing drawdown floor is, the three ways firms trail it, and the arithmetic that explains how you can breach an account while still in profit.
- Daily Drawdown: The Reset-Time TrapYour daily loss limit resets on the firm's clock, not yours — and it moves with DST. How daily drawdown is calculated, and how to find your reset hour.
- What Is a Prop Firm? How Funded Trading WorksWhat a prop firm is, how the challenge model works, what the five rule families mean, and the questions to ask before paying an evaluation fee.
- FTMO Challenge Explained: Objectives, Cost, PhasesHow the FTMO Challenge works: the two phases, the trading objectives, what the fee buys, and how to model the rules against your own record first.
- FTMO Rules: What Actually Triggers a BreachRule by rule: what FTMO's objectives say, what actually trips them, and how to check each one against your own exported statement. Verified this month.
- How to Read an MT4 Statement, Field by FieldEvery field on a MetaTrader statement explained: gross profit, expected payoff, absolute vs maximal vs relative drawdown, and how MT5 differs.
- Trading Journal Excel Template: The 6 FormulasThe Excel formulas a trading journal really needs: R-multiple, net P&L after costs, running peak, true drawdown and profit factor. Free file, no email.
- Google Sheets Trading Journal Template (Free, No Email)Build a trading journal in Google Sheets: the columns and formulas for R-multiple, profit factor and drawdown. Free template, no email needed.
Run the tests on your own statement
Drop an MT4 or MT5 statement on the page and get a full dashboard in about three seconds. No signup, no upload — the file is parsed inside your browser tab and never leaves your device.
Analyze my statement