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Risk disclaimer

The first half of this page is the standard disclaimer, and it means what it says. The second half is the part worth reading: exactly which numbers TapeSheet shows you are approximations, in which direction they are wrong, and why.

Last updated: August 2026

What this tool is

TapeSheet reads a MetaTrader statement you exported yourself and computes arithmetic from the rows in it: totals, averages, ratios, a balance curve, groupings by symbol and session. That is the whole of it. It describes trades that have already happened.

It does not forecast, does not signal, does not recommend an instrument, a direction, a size or a moment, and has no opinion about what you should do next. Nothing it displays is a statement about the future. If a number here makes a decision feel obvious, that feeling is coming from you, not from the number.

No advice, no relationship

Nothing on this site constitutes financial, investment, tax or legal advice, and using it creates no advisory relationship. TapeSheet is not a licensed financial services provider, broker or adviser in any jurisdiction. If you want advice about your trading, ask somebody licensed to give it in the country you live in.

Where our numbers are approximations

Every analytics product in this category derives figures that look exact and are not. Most of them do not tell you which. Here are ours, stated next to the number in the product too.

Maximum drawdown is balance-based, and understates you

A MetaTrader statement records each position’s open and close. It does not record what happened during the trade. So the drawdown TapeSheet computes walks your closed-trade balance curve and finds its worst peak-to-trough fall.

Your real equity drawdown was worse, and possibly much worse. A position that went 200 pips against you before recovering to close at breakeven contributes nothing to a balance-based drawdown, while your account was genuinely underwater at the time — and if you were near a margin call or a prop-firm limit, that excursion was the thing that mattered. Treat balance-based drawdown as a floor on your real pain, never a measure of it.

The prop-firm verdict reconstructs rules, it does not verify them

The prop tracker applies limits you enter to a balance series derived from your closed trades. It is a good approximation and a genuinely useful check. It is not your firm’s calculation, and it can disagree with them for real reasons:

• Firms usually evaluate on equity, including floating P&L, which the statement does not contain.
• Daily boundaries follow the firm’s server timezone and reset rule, which may not match the statement’s.
• Firms differ on whether a limit is measured against starting balance, previous-day balance, or a trailing peak — and some change the rule between phases.
• Fees, payouts, swaps and internal adjustments may sit outside the file entirely.

A pass in TapeSheet is a strong indication, never a confirmation, and it is never a reason to push a position because “there is room”. Only the firm’s own dashboard is authoritative about the firm’s own rules.

The Tape Score is our opinion, weighted and published

The Tape Score is a composite we invented. It is not a standard, not an industry metric, and not comparable to anyone else’s number. Its weights are published, and it carries a confidence band because a score computed from 30 trades is a far weaker statement than the same score from 400. A high score means your recorded history has the properties we chose to reward. It does not mean you will make money.

Parsing is best-effort on an undocumented format

MetaTrader statement layouts vary by platform version, broker customisation, language and character encoding, and the format is not documented by anyone. TapeSheet is tested against a fixture suite and cross-checks its own totals against the statement’s summary block where one exists — but where a file is unusual we may read it wrongly, and if we cannot read part of it we say so on screen rather than silently dropping rows.

Your statement is authoritative, not our reading of it. If a figure here disagrees with your broker, your broker is right and we have a bug —tell us, because that is the most useful message we can receive.

Instrument coverage and its limits

TapeSheet handles every symbol your broker lists, inferring price precision from the price strings in the file rather than a hardcoded symbol table. That is what makes metals, indices, crypto and futures CFDs work like FX pairs. It also means that for instruments where “a pip” is not a meaningful unit, pip-denominated figures are a convention rather than a fact, and point-denominated figures are the honest reading.

No guarantee of availability or accuracy

The tool is provided as-is, without warranty of any kind. We do not guarantee that it is free of defects, that it will parse any particular file, or that it will remain available. See theterms of use for the full statement.

Your data is still yours

None of the above changes the architecture: your statement is parsed in your browser and your journal is stored on your device. See the privacy policy.