How to Read the Performance Chart of a Copytrade Strategy
In Headway Copytrade, you can examine a strategy’s performance before deciding if you want to follow it or not. In this article, we’ll talk about how to read and interpret a strategy’s performance chart.
What is the performance chart?
In Headway Copytrade, a performance chart is a graph that shows how successful a strategy has been within a specific time period. To see the performance chart, go to the Investor Board, click on any strategy card, and scroll down until you see a section labeled Performance.
Navigating different timeframes
The performance chart allows you to look at how a strategy’s performance has changed over different periods of time. Non-registered users can only observe the last week’s data. After logging in, however, you can choose between the following timeframes:
| Acronym | Period | Update interval |
| 1W | last 7 days | 4 hours |
| 1M | last month | 1 day |
| 3M | last 3 months | 3 days |
| 6M | last 6 months | 5 days |
| Overall | all time | 1 month |
Once you select a timeframe, you will see all the changes that occurred between certain dates. To find out when each update happened, scroll down to the bottom of the chart. There, you will see the dates of the chosen period. Alternatively, you can also hover your mouse over each dot on the chart to find out the exact time and date of the update.
What is the difference between the USD and Gain tabs?
There are two types of performance charts available to you:
- USD. This chart helps you see how much a strategy owner has managed to earn and how these earnings changed over a specific timeframe.
- Gain. The second type of performance chart indicates how a strategy’s gain changed within a certain time period. Since gain is the ratio of gross profit to investments, this chart helps you see how much a trader has increased their trading capital. To understand how gain is calculated, read this article.
Both charts allow you to see the history of a strategy and its profitability.
Closed orders and floating spread: Differences
If you look at the USD chart, you will see two lines of different colors.
The blue line represents money earned from closed orders. Earnings from closed orders get added to the account and constitute a strategy’s gross profit.
On the other hand, the green line shows floating profits from open orders, or equity. Equity refers to the sum of the account balance and potential profits or losses from open trades. Thus, this line represents profits that a trader could have gotten if they closed their position at that time.
You can always select to see only one of the lines at a time.
Other useful graphs
Apart from the profit and gain charts, investors can also see a graphic visualization of the profit/loss ratio in USD and the ratio between successful and failed orders. The loss/profit ratio is displayed in green and red; the orders ratio is shown in blue and orange.
Why can charts look so different?
If you browse multiple strategies, you will see that some performance charts look different from others. This is because they show each strategy’s individual journey, including wins and losses, highs and lows. Here are some typical chart examples and what they can tell you:
- Ascending chart. When you see one of the lines going up, it indicates that a trader made profits.
- Descending chart. If the line suddenly dips, it means the trader closed a losing trade.
- Straight line. If the chart lines are straight and show no ups or downs, a trader has not opened or closed any new trades.
- Green line above blue. If the USD chart shows the green line over the blue line, it means that a trader’s open orders would bring profits.
- Blue line above green. Conversely, if the green line is below the blue one, open trades would result in losses.
Performance charts correspond to one of the examples. They often show several dips and jumps. But seeing them will help you better understand a strategy’s course and the general success of its owner.
Find a strategy to follow now!
After learning to read performance charts, it’s time to analyze real Copytrade strategies. Choose several strategies you like, study their performance, and compare their success to find the best option for your trading goals. Start now →
Should you have any questions, contact our Customer Care team via [email protected], in the app, or the live chat on the website.
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