Metamorph Docs

Navigate to Dashboard → Accounts and click + Add Account. Give it a descriptive name — for example Personal Live or Demo Account. Select an account type to help with filtering, then add a starting balance and deposit date.

The account toggle in the top-left of the header nav lets you switch your active view between accounts. All calendar, trade, and analytics views update to reflect the selected account. To view aggregated data across all accounts simultaneously, select All from the account dropdown — this triggers multi-account reporting.

Core tier supports unlimited accounts. Subject to change.

When All is selected in the account dropdown, the Analytics dashboard displays aggregate data across every account — this gives you a portfolio-level view of your overall trading performance without switching between individual accounts.

Open the trade entry form with A + T or via + Add Trade in the Calendar or Dashboard. Fill in the following fields:

• Account — which account this trade belongs to
• Symbol — the futures contract (MNQ, NQ, ES, MES)
• Position — Long or Short
• Entries — one or more entry executions, each with Price, Size, Side (Buy/Sell), and Type (Market/Limit)
• Exits — added when you close or partially close the position.
• Entry Date — the date of your first entry
• Stop Loss / Take Profit — optional, used for R:R analytics when available
• Commission & Fees — automatically renders as a negative number (e.g. -1.28)

Click + Add entry to add additional execution rows. Each row has its own price, size, and side. This accurately represents scaled-in positions — for example, buying 2 contracts at 24,544 and adding 1 more contract at 24,580 would be three separate entry rows. The Avg Entry field displays the volume-weighted average across all entry rows automatically.

Metamorph uses First In, First Out (FIFO) lot matching to calculate realized P&L — the same methodology used by most brokers for futures accounting.

In practice this means: when you exit a position, the P&L is calculated against the oldest unfilled lots first. For example:

• Buy 3 MNQ at 24,544 (Lot 1: 3 contracts)
• Buy 2 MNQ at 24,580 (Lot 2: 2 contracts)
• Sell 2 MNQ at 24,620 — FIFO matches against Lot 1 first. P&L = (24,620 − 24,544) × 2 × $2 = $304
• Remaining open: 1 contract from Lot 1 at 24,544, 2 contracts from Lot 2 at 24,580

This is important for accuracy — approximating by average entry price will give you an incorrect P&L on partial exits of scaled positions.

Metamorph automatically determines the correct order action for each execution based on your FIFO position state:

• Buy to Open — entering a long position
• Sell to Close — exiting a long position
• Sell to Open — entering a short position
• Buy to Close — exiting a short position

These labels appear in the Trades table alongside the contract size for each execution row. They are computed automatically — you don't need to set them manually.

Net P&L is calculated as:

Net P&L = Realized Gross P&L + Open Position P&L − Commission & Fees

The formula breakdown is displayed at the bottom of every trade form so you can verify the calculation at any time.

When you hold a futures position overnight, the exchange settles your position at the daily settlement price at the end of each trading session. Your account is credited or debited the difference between your entry price and the settlement price each day. This is how futures P&L actually accrues — not just at final exit.

Without mark-to-market accounting, a position held for three days would show $0 P&L until the final exit — which doesn't reflect what actually happened to your account balance each day.

When you have an open position at the end of a session, enter the daily settlement price in the Mark Price (EOD) field on the trade form. Metamorph will automatically calculate your Open Position P&L using:

Open P&L = (Mark Price − Avg Entry) × Open Qty × Point Value

This Open P&L is then included in your Net P&L for the day. The Calendar heatmap and equity curve will reflect this unrealized P&L accurately.

For positions held over multiple days, update the Mark Price (EOD) each evening with that day's settlement price. When you eventually close the position, enter the exit price in the Exits tab and Metamorph will calculate the final realized P&L from your last mark price through to the exit.

CME Group publishes daily settlement prices for all futures contracts at cmegroup.com under Market Data → Settlement Prices. Otherwise, the settlement price is visible on most broker statements.

Each day cell is colored based on its net P&L:

• Gain green — net positive (+) day. Partials marked by zebras.
• Loss red — net negative (-) day. Partials marked by zebras.
• Neutral — no trades logged for that day

The heatmap calendar of the right sidebar provides a compact month overview, useful for scanning your overall month at a glance while viewing a specific day or week.

Each day that has trades logged show trade badges — the symbol (e.g. MNQ), direction (Buy/Sell), and number of contracts. Clicking the badge opens the trade form, offering a detailed view.

Use the ← → arrows in the header to navigate between months, or click Today to jump to the current date. The keyboard shortcut G + C opens the Calendar from anywhere in the app.

Press C + N from anywhere in the app to create a new note, or navigate to Journal and click + Create Note. Notes are automatically grouped by date in the Journal view.

The editor supports rich text formatting through a familiar interface:

• Headings — use #, ##, or ### followed by a space to create heading levels
• Bullet lists — type - followed by a space
• Numbered lists — type 1. followed by a space
• Checkboxes — type [] followed by a space for task items
• Bold — Cmd + B
• Italic — Cmd + I

The most powerful journaling workflow in Metamorph is the Sync Page feature. When you have a trade form open, clicking Sync Page in the form header opens your journal alongside the trade entry in the same view — two panels, one surface.

This allows you to write your session notes while your trade data is still visible beside you. The journal panel in Sync Page shows:

• Today — pinned at the top with a + New note for this session prompt immediately accessible
• Earlier — all previous notes collapsed into a scrollable list below, organized by date with timestamps

Clicking + New note for this session opens a full block editor inline without navigating away from the trade form.

Availability dots mirror the roadmap so you can quickly see which analytics are live today versus still in development.

• Total net P&L — cumulative realized P&L across all closed trades in the selected period, after commissions
• Total trades — trade count with buy/sell breakdown
• Win rate — percentage of closed trades with positive net P&L
• Average win / average loss — mean net P&L of profitable vs losing trades
• Equity curve — cumulative P&L plotted over time, showing your account growth trajectory session by session

• Profit factor — gross profit divided by gross loss. A profit factor above 1.5 is generally considered strong
• Expectancy — average expected return per trade, calculated as (Win Rate × Avg Win) − (Loss Rate × Avg Loss)
• Max drawdown — largest peak-to-trough decline on the equity curve
• Win/loss streaks — longest consecutive winning and losing runs
• P&L by time of day — performance broken down by entry time
• P&L by day of week — Monday through Friday breakdown
• P&L by symbol — performance per futures contract
• P&L by direction — long vs short split
• Average holding time — mean duration from entry to exit