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Risk disclaimer

The first half of this page is the standard disclaimer, and it means what it says. The second half is the part worth reading: exactly which numbers TapeSheet shows you are approximations, in which direction they are wrong, and why.

Last updated: 27 September 2026

What this tool is

TapeSheet reads a MetaTrader statement you exported yourself and computes arithmetic from the rows in it: totals, averages, ratios, a balance curve, groupings by symbol and session. That is the whole of it. It describes trades that have already happened.

It does not forecast, does not signal, does not recommend an instrument, a direction, a size or a moment, and has no opinion about what you should do next. Nothing it displays is a statement about the future. If a number here makes a decision feel obvious, that feeling is coming from you, not from the number.

No advice, no relationship

Nothing on this site constitutes financial, investment, tax or legal advice, and using it creates no advisory relationship. TapeSheet is not a licensed financial services provider, broker or adviser in any jurisdiction. If you want advice about your trading, ask somebody licensed to give it in the country you live in.

Where our numbers are approximations

Every analytics product in this category derives figures that look exact and are not. Most of them do not tell you which. Here are ours, stated next to the number in the product too.

Maximum drawdown is balance-based, and understates you

A MetaTrader statement records each position’s open and close. It does not record what happened during the trade. So the drawdown TapeSheet computes walks your closed-trade balance curve and finds its worst peak-to-trough fall.

Your real equity drawdown was worse, and possibly much worse. A position that went 200 pips against you before recovering to close at breakeven contributes nothing to a balance-based drawdown, while your account was genuinely underwater at the time — and if you were near a margin call or a prop-firm limit, that excursion was the thing that mattered. Treat balance-based drawdown as a floor on your real pain, never a measure of it.

The prop-firm verdict reconstructs rules, it does not verify them

The prop tracker applies limits you enter to a balance series derived from your closed trades. It is a good approximation and a genuinely useful check. It is not your firm’s calculation, and it can disagree with them for real reasons:

• Firms usually evaluate on equity, including floating P&L, which the statement does not contain.
• Daily boundaries follow the firm’s server timezone and reset rule, which may not match the statement’s.
• Firms differ on whether a limit is measured against starting balance, previous-day balance, or a trailing peak — and some change the rule between phases.
• Fees, payouts, swaps and internal adjustments may sit outside the file entirely.

A pass in TapeSheet is a strong indication, never a confirmation, and it is never a reason to push a position because “there is room”. Only the firm’s own dashboard is authoritative about the firm’s own rules.

Stated plainly, because a screenshot of the banner travels further than this page: prop-firm simulations are estimates based on the historical data in the statement you supplied and the parameters you selected. Rules vary by firm, program, account type, jurisdiction, date and the specific terms of an account, and they change without notice. A simulation result is not an official determination of compliance, eligibility, payout entitlement, account status or challenge outcome, and it creates no entitlement to any of those. Verify the applicable rules directly with the relevant firm. TapeSheet is not affiliated with, endorsed by or connected to any prop firm; where a firm is named in a preset, the name is used only to describe whose published rules the preset approximates.

The Tape Score is our opinion, weighted and published

The Tape Score is a composite we invented. It is not a standard, not an industry metric, and not comparable to any other score. Its weights are published, and it carries a confidence band because a score computed from 30 trades is a far weaker statement than the same score from 400. A high score means your recorded history has the properties we chose to reward. It does not mean you will make money.

Parsing is best-effort on an undocumented format

MetaTrader statement layouts vary by platform version, broker customisation, language and character encoding, and the format is not documented by anyone. Where a file is unusual we may read it wrongly, and if we cannot read part of it we say so on screen rather than silently dropping rows.

Most exports end with a Summary block stating what the broker made the closed-trade result. Where yours does, we add up the trades we read and compare our total to that number — and if the two disagree we tell you on screen instead of showing you a confident figure. That is the one check on our arithmetic that does not come from us: the total was written by MetaTrader, not by TapeSheet. It is also the check most likely to catch the failure that matters, which is not a file we refuse but a file we read almost right. We do not quietly replace our figure with the broker’s: ours is built from rows you can see and click into, and swapping in a number you cannot reconcile would be worse than being visibly wrong.

Your statement is authoritative, not our reading of it. If a figure here disagrees with your broker, your broker is right and we have a bug — tell us, because that is the most useful message we can receive.

The calculators are estimates, not quotes

Everything under Calculators multiplies numbers you typed in. We fetch no price, no exchange rate and no contract specification, and we verify none of them: the rate you read off your platform was true when you read it, the contract size and tick size are your broker’s settings rather than facts about the world, and both are wrong for somebody. The arithmetic is exact. Its inputs are approximations, which makes every answer one too.

Three things then push the real figure the wrong way. Spread, commission and swap appear in none of the position, pip or lot figures, so a winning move is worth slightly less than the number and a losing one costs slightly more. Stops fill past the level, so a planned loss is a floor rather than a promise. And where your account currency is the base currency of the pair, your platform converts the result at the price when the trade closes rather than when it opens, which on a large move is a difference of several per cent. Your broker also rounds the size to its own lot step, so a size we quote may not be a size you can place. Treat every calculator here as the order of magnitude and your platform’s own confirmation as the number. None of it is financial advice.

Instrument coverage and its limits

TapeSheet handles every symbol your broker lists, inferring price precision from the price strings in the file rather than a hardcoded symbol table. That is what makes metals, indices, crypto and futures CFDs work like FX pairs. It also means that for instruments where “a pip” is not a meaningful unit, pip-denominated figures are a convention rather than a fact, and point-denominated figures are the honest reading.

No guarantee of availability or accuracy

The tool is provided as-is, without warranty of any kind. We do not guarantee that it is free of defects, that it will parse any particular file, or that it will remain available. See the terms of use for the full statement.

The same goes for the economic calendar. Its release dates and times come from the publishers named on its sources page, and publishers move releases, sometimes at short notice. A date in the calendar can be wrong or out of date. Check the publisher’s own page before you trade around a release. The calendar’s high and medium labels are a fixed rule about which releases are listed as high, not a forecast of whether or how a market will move.

Your data is still yours

None of the above changes the architecture: your statement is parsed in your browser and your journal is stored on your device. See the privacy policy.