TradeVolumes › Guides
GUIDE
How to read a Myfxbook track record before you copy a strategy
Screenshots of winning trades are easy to make and easy to fake. A third-party record on Myfxbook is harder to manipulate, which is why many strategy providers link to one. A verified page still needs to be read carefully, though. The headline gain is usually the least useful number on it. This guide shows you how to read a Myfxbook record in a sensible order, starting with the checks that can rule a strategy out quickly.
Step 1: Check what has been verified
Myfxbook shows two separate verification badges, and they confirm different things:
- Track Record verified: the trading history on Myfxbook matches the history the broker provides for that account. Myfxbook checks this with the account's read-only investor password, broker and server.
- Trading Privileges verified: the person who added the account has shown they hold its master password, so they appear to control the account rather than just display someone else's.
If neither badge is present, treat the statistics as unconfirmed. If both are present, you know the data is real broker data. That still tells you nothing about whether the strategy is good, whether it will keep working, or whether it suits you.
Step 2: Real or demo, and for how long
Look at the account information panel. Check that it is a real-money account, note the broker, and look at the start date. A record covering a few weeks of calm markets says much less than one that has lived through sharp moves and losing months. Also compare the number of trades with the length of the record. A handful of large trades can produce an impressive curve by luck.
Be wary if a provider's marketing mentions years of experience but the linked account is brand new. That can be innocent, since people do open new accounts, but it can also mean an earlier account was abandoned after heavy losses. You can always ask the provider directly.
Step 3: Gain versus absolute gain
Myfxbook shows more than one return figure, and they answer different questions:
- Gain is a time-weighted return. It is designed to remove the effect of deposits and withdrawals, so it describes the strategy's trading rather than the account owner's cash flows.
- Absolute gain compares the profit made with the money deposited.
A large gap between the two is not necessarily a problem. It usually means money was added or withdrawn at particular moments. Check the deposits and withdrawals in the history so you understand why the figures differ. Never read either number on its own; always put it next to the drawdown.
Step 4: Drawdown and the equity line
Drawdown is the fall from a previous peak. It is the best single clue to how uncomfortable copying could feel. On the growth and balance charts, look for the equity line as well as the balance line. Balance only moves when trades close. Equity includes the profit or loss on trades that are still open. A balance curve that climbs smoothly while equity repeatedly dips far below it can mean losing positions are held open and hidden from the headline numbers.
Our drawdown guide explains why a 20% fall needs a 25% gain to recover, and why past drawdowns are not a ceiling for future losses.
Step 5: How the strategy actually trades
Open the trades and statistics tabs. You do not need to understand every metric, but a few are worth a minute:
- Average win vs average loss. Many small wins and occasional very large losses is a pattern to understand before copying, not after.
- Lot sizes over time. Position sizes that grow after losing trades can point to a recovery, grid or martingale-style approach. These can look smooth for long periods and then lose heavily.
- Open trades. Check whether open positions are visible and how big they are relative to the account.
- Holding time and instruments. A single-market strategy, for example one that only trades gold (XAUUSD), carries the specific risks of that market.
Step 6: Match the record to what you would copy
Make sure the Myfxbook account is the same account or strategy that you would subscribe to at the broker. The name and broker should line up with the copy-trading page. Then remember that your own results can differ: you start at a different time, with a different balance, and copied trade sizes, execution and fees all affect your outcome. Our copy trading guide explains proportional copying and costs in more detail.
A quick checklist
| Check | Where to look | Warning sign |
|---|---|---|
| Verification | Badges near the account name | No Track Record badge |
| Account age | Account info, start date | Weeks of history, few trades |
| Return | Gain and absolute gain | Quoted without drawdown |
| Risk | Drawdown, equity line | Equity far below balance |
| Behaviour | Trades and statistics tabs | Lot sizes growing after losses |
| Match | Account name, broker | Different from the strategy you copy |
Applying this to Vathic Inferno
We would rather you check our record than take our word for it. The Vathic Inferno record on Myfxbook ↗ is public, and the record section on our homepage always shows total gain and maximum drawdown together, loaded live from Myfxbook. Run the six steps above on it, including the equity line and open trades. If you then decide to copy, the setup guide walks you through the account settings one step at a time.
Frequently asked questions
Does a verified Myfxbook record mean a strategy is safe?
No. Verification only confirms the trading history matches the broker's data and that the person who added it controls the account. It says nothing about future results or how large future losses could be.
What is the difference between gain and absolute gain on Myfxbook?
Gain is a time-weighted return that removes the effect of deposits and withdrawals. Absolute gain compares profit with the money deposited. Read both, and always next to the maximum drawdown.
Why might my copied results differ from the Myfxbook record?
You join at a different time with a different balance, and trade sizing, execution, fees and any trades already open when you subscribe all affect your own outcome.
Can a Myfxbook record still be misleading?
Yes. A short or lucky period, a reset account, hidden floating losses or a strategy that changes its risk over time can all make a real record look better than the risk behind it.
Educational content, not investment advice. Leveraged Forex and CFD trading involves a high risk of loss; you can lose your entire trading balance. Past performance does not guarantee future results. If you copy the strategy you pay a 25% performance fee on new profit only; RoboForex pays us a referral commission at no extra cost to you.