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How to analyse my trade history?


appress

Question

Hopefully  others think the same way as me and have managed to do something about it; I wish to review my previous trades to see what can be improved. 

 

I wish to take a slice of trading history, say one week, one month and then

a) review the charts one by one

b) conduct some more automated performance review 

 

How best to do this? 

What does IG offer for this in PRT? 

What does IG offer for this in std platform? 

Is IG planning on offering anything in the near future?

 

 

 

The way I see it right now is that I should download my trading history and simply go through the list one at a time. Any one care to share what they've done? anything to avoid? 

 

Thank you.

Philip

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4 answers to this question

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Hi 

 

The best way to review your trading history is to record all trades on a spread sheet trading journal. Predefined boxes mean you only need to tap in the numbers, some comments, and attach a screen shot. Only takes a few minutes. The spread sheet will then work out your running total of strike rate and risk/reward ratio as a basic minimum.

Pay for journals such as Edgewonk.com (one off fee) are very popular, will do a lot more and more inline with ‘automated performance review’, performance charts, break downs and the like but there are many free ones to download to just do the basics, google to review.

 

Currently I don’t think PRT does that much though we are all awaiting the IG version of the new PRT 10.3. which may do more.

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Hi . Check out the thread 'More on Trading Journals' from the community search box, some pics of the free simple excel I use (can't remember where I downloaded it from).

I don't fill in all the boxes but enough for the spread sheet to auto calculate the running total of strike rate and risk/reward ratio, then refer to the table (below) to check profitability of your strategy (any plot above the red line is profitable).

There is also a place for comments and a screen shot for each trade.

 

Any tinkering with your strategy will quickly show up in the two figures (for better or worse). The important thing is you know instead of guessing.

 

Also, see how strike rate (win rate) can be less than 50% but strategy still profitable.

 

ST,RR.PNGR ratio.PNG 

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It would be useful to be able to visualize your trades on the IG Platfom charts, for review purposes. Entires and exists.

Similar to what I post in the attached image.Screen Shot 2018-05-26 at 09.06.43.png

Trading Diary under IG Analysis could turn useful if it would be further developed.

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