Every trade in Katalyst has a status that indicates where it is in its lifecycle. Understanding these statuses helps you quickly filter and manage your trade book.
An “Open” trade means you currently have a live position. If you connected your broker via Rithmic, open trades are detected automatically. For manually entered trades, a trade remains open until you add an exit. Open trades do not count toward your closed P&L statistics, but their unrealized P&L is shown on the Dashboard.
A “Closed” trade has both an entry and an exit. This is the most common status and is the basis for all analytics calculations including win rate, profit factor, and equity curve. Closed trades are immutable in terms of their P&L once the exit is recorded, though you can still edit tags, notes, and other metadata.
“Pending” is a temporary status that appears during imports. If Katalyst detects an execution that does not yet have a matching close, it holds the trade in a pending state until the matching execution arrives. This is common when importing partial fills or multi-day positions.
You can filter the Trades list by status using the filter bar at the top. This makes it easy to focus on only your closed trades for review, or to check which positions are still open. The status column is also visible in the Pivot Grid for more advanced analysis.