What to trust Gain or Abs Gain?

Hi All

I started trading On 3rd of March 2017. I went straight with live account because impatience/greed/etc... So... I wiped out. But in August I broke even, September and October I made profit. I actually made back all the cash I lost in the previous 5months. But when I check my gain is -64% and absolute gain is 5.99%.

I'm confused by this. Shouldn't they both be positive? When I check the profit I made, it was $363.68 but the pips made is -2335.9. So is myfxbook using pips to calculate my gain and cash to calculate my absolute gain?

The reason I'm asking is because I see a lot of automated signals with massive gains but they hide their absolute gains. Also, I don't understand how Drawdowns works. I did have massive drawdowns in the first few months, but the past 3 months I had zero drawdowns because I was in profit. Yet my drawdown shows over 60%. And how can my growth still be negative but my profit be positive? Is growth calculated using pips and profit calculated using money?

Thank you

P.S.
I would have shared myfxbook profile, but I'm new and don't know how and not sure if I can be hacked or something. So I posted pics instead.

Hi,

I will never understand why Myfxbook uses Gains% as the main measure. (read definition with cursor on it)

The real % of the account is Abs Gain%... If you upload your account into ForexFactory, you will see that the Gain% provided is = to Abs Gains% on Myfxbook.

All you need to care about is profit.

The Gain (or Time weighted return) calculation in myfxbook is correct and it is also seen in MQL and others.

Time-weighted return can reveal if there is a period of severe loss to an investment in a particular month.

Absolute returns tend to 'cover up' big mistakes made in the past. It just shows the overall profitability on the total amount invested.

Here is an article how TWR is calculated:
https://www.investopedia.com/terms/t/time-weightedror.asp

You can't look at at any one metric to understand how good a system is. You will need to look at multiple metrics and see if the system fits your investments tyle

Thanks for sharing your knowledge.