Overtrading is trading frequency that outruns genuine setups: boredom trades, forcing a target, or chasing after a loss. It quietly raises costs and drawdown without adding edge.
Measured against your own baseline (not a generic number), a spike in trade count on a given day is a reliable tell that discipline has slipped.
See it on your own trades.
Merlin computes the metrics and rule distances above from your imported history, and checks your next trade against them before you enter.
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Firm figures reflect published rules at the time of writing. Firms revise rules often, so verify against the firm's site before relying on them.
Merlin's gauges derive from closed trades. Your firm watches live equity including open positions.
MerlinTrade is independent trading-journal software and is not affiliated with, endorsed by, or sponsored by any prop firm. All trademarks belong to their owners.