Reading Backtest Results
Equity curve, drawdown, Sharpe, win rate, trade log — what each metric means.
The results page summarises performance with institutional-grade metrics.
Headline metrics
- Total Return / CAGR — absolute and annualised return.
- Sharpe / Sortino / Calmar — risk-adjusted return (vs volatility / downside / max drawdown).
- Max Drawdown — worst peak-to-trough fall.
- Win Rate / Profit Factor — quality of trades.
- Avg Win / Avg Loss / Expectancy — per-trade economics.
- Total Trades / Avg Duration.
Charts & log
- Equity curve (vs benchmark), Monthly returns, Drawdown, P&L distribution.
- Trade Log — every round-trip with entry, exit, P&L and duration.
- Daily P&L calendar.
A backtest is an estimate, not a guarantee. Watch out for too few trades, an unrealistically smooth curve, or a short data window. Validate in Paper before going live.
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