The Running now tab of your Strategies page shows what a set of settings did over the last month. If the account follows a prop firm's rules, that figure is measured with those rules switched on. This page explains what that means.
Capped, and uncapped
Some funded and evaluation accounts have a daily profit cap. The firm adds the money you have already made that day to the profit on any position still open. When the two together reach the cap, the firm closes your position and your day is over.
So the cap can end a day in the middle of a trade, not only after it. A trade that would have run further is closed at the cap. The rest of that move is money the account was never going to keep.
- Capped means the figure was measured with the cap on. Each day is cut at the cap, using the highest and lowest price each open position really reached.
- Uncapped means the same trades with the cap off, as if the day had carried on.
Wildflower shows the capped figure first, because it is the money the account would have ended the month with. The uncapped figure sits beside it so you can see what the cap cost. It is never shown as your result.
If your account has a cap recorded, the caption under the figures names it. Say your cap is $1,000: it reads "each day cut at $1,000". If no cap is recorded, none is named. A number borrowed from another account would describe rules you do not have.
Days the cap ended the day
This counts the days that ended because the daily profit cap was reached. It is split two ways, because two different things can happen:
- the firm closed your open position at the cap, or
- Wildflower did not open another trade that day, and any trade already running finished on its own.
A high count is not good or bad on its own. It shows how often the cap, rather than the strategy, decided when the day ended.
Days traded, and trades per trading day
Days traded is how many trading days in the window had at least one trade, out of how many days the exchange was open. Weekends are not counted, and neither are exchange holidays. A shortened trading day still counts as a day.
Trades per trading day divides the number of trades by every trading day in the window, not only the days that had a trade. So the two figures differ on purpose. Say a strategy took four trades on each of five days, out of twenty-two trading days. That is four a day on the days it traded, but under one a day across the whole window.
Both matter because evaluations and payouts are judged on trading days as well as on money.
If a run did not record the window it covered, the fraction is counted from that run's first and last trading day instead, and it says so beside the figure. Counted that way, a quiet first week drops out, so the fraction reads higher than it should.
Where these come from
They are measured once, when the overnight run scores your settings, and then shown on the page. Nothing is worked out when you open the page. A figure that was never measured shows no tile at all, rather than a zero.