How to Read Myfxbook Track Record?

What it is

A Myfxbook track record page contains a large amount of data. Knowing which metrics to focus on — and which ones are easy to manipulate or misinterpret — is essential for making an informed assessment of any EA or trading service. This article walks through the most important sections of a Myfxbook account page.

The key metrics and what they mean

Gain % vs Absolute Gain %

These two figures are often very different and both matter:

• Gain % measures the percentage return on the current deposit — accounting for any withdrawals. If $800 has been withdrawn from a $1,000 account and $400 profit was made on the remaining $200, the gain % shows a very high number.
• Absolute Gain % measures the return on the total capital deposited — a more honest reflection of how the capital has performed overall.

Always check both. A high Gain % with a much lower Absolute Gain % suggests withdrawals have distorted the headline figure.

Maximum drawdown

The largest peak-to-trough equity decline during the account's history. This is the single most important risk metric. An account showing +300% gain with 80% maximum drawdown is telling you the account has nearly been wiped at least once. The drawdown figure tells you the worst the strategy has experienced — not the worst it could experience in future.

Monthly return table

Scroll down to find the month-by-month breakdown. This reveals:

• Whether returns are consistent or concentrated in one lucky period
• Which months had losses — and how large they were
• Whether the account has been active recently or went dormant (a red flag)

Profit factor

Gross profit divided by gross loss. Above 1.0 means the strategy is profitable overall. Above 1.5 is considered reasonable. A profit factor of 3.0+ on a short track record can indicate curve-fitted settings rather than genuine edge.

Win rate

The percentage of trades that closed in profit. High win rates (80%+) are often associated with martingale or grid strategies — which accumulate many small wins before an occasional large loss. A high win rate alone is not evidence of a good strategy.

Trade duration

The average time trades are held. Very short average durations (seconds to minutes) suggest scalping — check whether the broker allows it. Very long durations (days to weeks) may indicate trades are being held open during losing periods rather than being closed with a stop loss.

Red flags to look for

• Short track record: Less than 6 months of live data is insufficient to draw conclusions — a lucky streak can look like an edge over a short period
• No stop losses visible in the trade history: May indicate martingale or grid that relies on recovery rather than cutting losses
• Extremely low drawdown with very high gain: Too good to be true — check if the account is verified and look closely at the trade history
• Private or unverified account: Results can be easily fabricated. Look for the "Verified" badge and the green "Real" label
• Gaps in trading history: Long periods of inactivity may indicate the account was paused to avoid a bad period being included in the track record

Comparing tools? Karnek vs MyFxbook: which one do you need? →

More in Trade Tracking & Verification →

Written and reviewed by the Karnek Research team. Last updated August 2026.

Educational content only - not financial advice. Past performance does not predict future results. Trading carries significant risk.