I’m very excited to tell you about a brand new dashboard screen that we’ve added to Trade on Track, called a Trade Types Analysis Dashboard. The dashboard is immediately available to all ToT-Pro members and it provides a comprehensive, yet easy-to-understand analysis of your trading performance by trade type.
Trade Types are your trading systems or trading strategies, and it’s important to be able to quickly identify which strategies are proving to be the most profitable for you, and which are causing you losses. Forex trading is a uniquely personal experience. While one trading strategy may work well for one trader, another trader may fail miserably when trying to use it. This is based on a number of factors such as the sessions you’re able to trade, the level of risk you are comfortable with, the length of time you like to hold a trade – these factors all form part of your trading personality. The best way to find out what strategies work for you is by trying them! Try different strategies on real trades (demo or live account), record the results, then analyze the results – this is what Trade on Track does best.
The Trade Types Dashboard supports the analysis of multiple trading accounts. A consolidated (combined) analysis is presented first, then by scrolling down you see a separate analysis for each of your trading accounts. Each analysis section shows a pie chart for your winning trades, a pie chart for your losing trades, and a table of data that gives more detailed information of your trading successes by trade type.
You can analyze your trades over different time periods, and you can report the results by pips, pip lots, dollars or return on equity. Other useful statistics are also shown for each trade type including best and worst times of the day to enter the trade; best and worst currency pairs to trade; and best & worst day of the week to trade that particular strategy.
If you spot a trade type on the dashboard that you’d like to see more detail for, just click on it and the trading log will be displayed for that specific trade type and time frame that you’re interested in.
If you want to show off your trading results to your partner, your boss, your trading mentor, or the whole world – a click of the “publish” button creates a web page with your Trade Types Dashboard with a special link that you can share with whoever you like. Here’s an example of a published page.
The Trade Types Analysis Dashboard is an invaluable way to take control of your trading performance, and it’s fun to use! Register for Trade on Track now – you can get started for free and begin logging your trades properly, use the inbuilt tools to manage your risk, and much more.
Please view the video below to see how the new dashboard works.
As always, Trade Seriously!