Backtesting is the general method for seeing how well a strategy or model would have done after the fact. It assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.
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PnL refers to the profit or loss for trader has incurred from their trades if using the strategy in the specified period of time. It is calculated based on the difference between the asset's entry and exit prices, minus any fees paid for the trade.
Initial amount used for backtesting.
Current amounts of the account used for backtesting.
The profit factor is defined as the gross profit divided by the gross loss (including commissions) for the entire trading period. This performance metric relates the amount of profit per unit of risk, with values greater than one indicating a profitable system.
Profit Factor less than 1 shows that the system is not good, not generating profit for you. Profit Factor = 1 only gives you the break-even number. Therefore, it is necessary to own a system with Profit Factor greater than 1.
Average profitability per trade.
Total number of trades generating PnL.