The daily PF is the ¡°daily profit factor¡±. This figure is only relevant when comparing several trades in SIMILAR MARKETS. In other words, in markets that have the same dollar value per tick. The higher the PF, the more money the trade has made, on average, on a daily basis. PF can help you decide between several trades in the same market that tend to occur at about the same time.
Drawdown is the maximum successive decrease in equity from an equity peak. In other words, drawdown measures how much cumulative profit declined from a high in total profits. This is important since it will give you an idea of how volatile a KDT has been. Many times the best trades occur AFTER a period of large drawdown.
A Key Date Seasonal Trade (KDT) is a trade that enters a specific contract, spread or equity on given dates using a specific stop loss.
the Profit/Loss Ratio (P/L ratio) is a ratio that compares the average winning trade with the average losing trade. A P/L ratio of 1:1 means that the average of all the losing trades is the same as the average of all the winning trades. A P/L ratio of 10:1 means that the average winner will be ten times the size of the average loser. Clearly, a higher P/L ratio is better than a lower P/L ratio. But don't let the P/L ratio be your only guide to finding trades. Historical accuracy and drawdown are important as well.
Upswing is a term coined to describe the opposite of drawdown. It tells us how much a market has moved up in cumulative equity before it turns lower. This is an important figure since it tells us how consistent a KDT has been in the past.