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I am wondering if any of you have seen or developed a trade tracking program or method for tracking your trades that will tell you which trades are your high probability trades and VS. I have benn doing this manually and it is arduous at best. I know there is a program in development but I really don't care to get as sophisticated as it will be. Appreciate all comments.
Can you help answer these questions from other members on NexusFi?
I don't have anything that elaborate. I try to label each setup and put them in an excel journal. But to be honest lately I've been using Ninjatrader's Performance stats to do it. You can select a different account and/or template for different setups or just combine them all. I only have a few setups for most markets so it's easy to keep them straight.
I use excel but have just switched over to Access database.
Personally I have found it pays to take a lot of time over exactly WHAT you want to record and how to do it.
I don't mean entry / exit prices - I mean what things you want to take a note of to make the trade better/ filter it out/improve your exit strategy, etc.
eg do you have > 1 target ?- how often do you reach target 2 ? - and so on.
