Extra Report Pad - a professional solution for the analysis of your trading account

Extra Report Pad - a professional solution for the analysis of your trading account

17 February 2017, 00:58
Vladislav Andruschenko
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Extra Report Pad - a professional solution for the analysis of your trading account

This is a statistics panel providing analysis of your trading account.

The analysis results are displayed on the chart in real time.

Multicurrency trading is quite popular nowadays. However, the greater the amount of trades, the more difficult it is to analyze the profitability of each of them. Analyzing trades by months and calculating statistics per each trade are even more challenging tasks.

The panel provides an efficient solution analyzing your account and preparing a detailed statistics in real time.

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Foreword

Since the beginning of our work in the field of forex took a very long time, and trade in the forex market makes us to be distracted by such things as analysis of the trading account. This is especially true experts who work on the machine.
Analyze profitable trading pair on the basis of a standard reportMetaTradervery difficult. There are no detailed data on transactions, and the more data the profitable currency pairs as well as statistics by month.
You can Monitoring started your account at one of the service collecting statistics but it is not very convenient. The data will not be collected in real mode.
Testing of ourscalper forex for TickSniperwe faced exactly the same problem.
After the test period of one month, we had to disassemble manually, find out which pairs are profitable and which are unprofitable - and based on the data obtained to correct the work further.
We found the solution to our problem and created a lightEXTRA REPORT PADable to automaticallyanalyzeand displayyour accountdetails of allinreal time!



Tabs and controls

The panel currently consists of five tabs:

  • TRADES- current open trades
  • HISTORY- closed trades in history
  • ALL TRADES- open and closed trades
  • REPORTS- detailed report on closed trades of your trading account
  • DISTRIBUTION- distribution of BUY and SELL trades relative to the total amount and the amount of profitable trades by each symbol. The tab also displays the distribution of profitable trades, including their total profit and lot by each symbol, as well as distribution of loss-making deals by each symbol.

Our panel is based on the advanced template of theVIRTUALTRADEPADtrading panel, therefore some elements are the same.

  • Font size, panel minimization and closing

You can change the panel font size via the panel itself, as well as expand or collapse the panel.


  • Page scrolling

Page scrolling is available on some tabs.

  • Symbol, month, and magic number filters

Each tab allows you to sort out statistics by available symbols, trading months and magic number.


Tab TRADES

This tab shows the current open transactions with it in the external variables, you can select the types of columns to display.
Total available 21 column to display statistics
  • Column_Number - trade serial number in the report
  • Column_Symbol - trade symbol
  • Column_Type - trade type [what stop was activated at that trade]
  • Column_3Lot - position's trade lot
  • Column_OpenTime - trade open time
  • Column_OpenPrice - trade open price
  • Column_CloseTime - trade close time
  • Column_TimeBetween - position lifetime in hours and minutes
  • Column_ClosePrice - trade close price
  • Column_SL - trade stop loss (highlighted, if a trade is closed by stop loss)
  • Column_TP - trade take profit (highlighted, if a trade is closed by take profit)
  • Column_commission - position commission
  • Column_Swap - position swap
  • Column_Profit - trade result in the deposit currency
  • Column_Points - trade result in points
  • Column_NetProfit - net profit
  • Column_Percent - net profit percentage relative to the balance at the moment the trade was closed
  • Column_Magic - trade magic number
  • Column_Comment - position comment
  • Column_Balance - balance after closing a trade
  • Column_Max - maximum trade price deviation in deposit currency
  • Column_Min - minimum price deviation in deposit currency
Warning!Column_Max and Column_Min settings - shows the maximum and minimum profit in the deposit currency, analysis is performed by finding the minute bars of the currency pair. In order for the data to be more precise - you have to upload the entire history of the M1 on the currency pair chart.
You can also filter the transactions byMagicNumber- MagicView
At the bottom of this tab you have the possibility to turn off the display of some currency pairs, and the statistics date. To do this, click on the box next to the name.
Important!Requires uncheck boxes or AllSymbols AllDates to filter on certain dates or currency pairs

tabHISTORY

This tab shows a closed transaction with stories, names of speakers, as well as their visibility can also be adjusted in the settings.Identical tab TRADES
You can also leaf through pages of statistics, if the number of transactions does not fit on the screen

TabALL TRADES

This tab shows the closed deals with the history and the current open transaction, the name of the speaker, as well as their visibility can also be adjusted in the settings.Identical TRADES tab and HISTORY

tabREPORTS

This tab shows the total detailed statistics on your account. The statistics are calculated by the exact formulas, on which there is the preservation of the report in MT4. There is also the additional data that have been calculated according to the formulas drawn from other resources.
All statistics are displayed in real time.
you have the ability to filter data by a character and trade dates:

Displayed such basic statistics on this tab:
  • Gross profit -total profit, sum of profits from all profitable transactions;
  • Gross loss -total loss, sum of losses from all unprofitable trades;
  • Total net profit -net income, it shows the difference between the total profit and total loss
  • Closed Trade PL - Net profit of closed transactions
  • Floating PL - Net profit of the current open transactions
  • Margin - Margin, which is currently in use
  • BALANCE - Current account balance
  • Equity - Current available funds
  • Free Margin - Current free margin available on the trading account
  • Profit factor -profitability, shows the relationship between total profits and total losses:
  • Expected payoff -mathematical expectation of the gain is calculated using the following formula:
  • Recovery FACTOR -Recovery Factor (recovery factor) is calculated as the ratio of the absolute profit to the maximal drawdown. The higher recovery factor, the faster the system is restored after the drawdown.
  • Absolute drawdown -Absolute drawdown - the difference between the initial deposit and minimum balance value during testing:
  • MaximalDrawDown - Max of (Maximal Peak -next Minimal Peak)
  • Percentage of Maximum drawdown shows the ratio of the maximum drawdown and the value corresponding to the highest peaks:
  • MaxDrawDown% - MaxDrawDown / its MaxPeak *100%
  • Total trades -the total number of transactions made by an expert in the testing process;
  • Short positions (won%) -the total amount of short positions and the profit percentage among short positions (profitable short positions / total number of short positions * 100%);
  • Long positions (won%) -the total amount of long positions and the profit percentage among long positions (profitable long positions / total number of long positions * 100%);
  • Profit trades (% of total) -the total number of trades and the percentage of the total number of transactions (ProfitTrades / TotalTrades * 100%);
  • Loss trades (% of total) -the total number of unprofitable trades and the percentage of the total number of transactions (LossTrades / TotalTrades * 100%);
  • Largest profit trade -the largest profit among profitable trades;
  • Largest loss trade -the largest loss among losing trades;
  • Average profit trade -average profit margins of profitable trades (GrossProfit / ProfitTrades);
  • Average loss trade -average size of the loss of losing trades (GrossLoss / LossTrades);
  • Maximum consecutive wins (profit in money)- the maximum number of continuous among the series of profitable trades and the amount of profit in this series;
  • Maximum consecutive losses (loss in money)- the maximum number of continuous among a series of losses and the amount of loss in this series;
  • Maximal consecutive profit (count of wins)- the maximum profit of a continuous series of profitable trades and the number of transactions in this series;
  • Maximal consecutive loss (count of losses)- the maximal loss of the continuous series of unprofitable trades and the number of transactions in this series;
  • Average consecutive wins -the average number of trades in consecutive profitable series.
  • Average consecutive losses -the average number of trades in consecutive unprofitable series.

Below is a graph of the balance change.

Attention! All data are redrawn when you change the filters on the characters and monthly trade.!
If you want to see separately for each currency pair separately. mark it in the check box and the data will be analyzed by the chosen currency pair

tabDISTRIBUTION

The tab shows distribution of trades by symbols and profit/loss.

  • The first blockshows the amount of closed BUY and SELL positions. The amount of profitable trades is displayed inside each diagram
  • The second blockshows profitable trades in deposit currency for BUY and SELL separately. The total lot of profitable BUY and SELL trades is displayed as well
  • The third blockshows loss-making trades in deposit currency for BUY and SELL separately. The total lot of loss-making BUY and SELL trades is displayed as well



 

CONCLUSIONS

Analysis of statistics trading account indicator to be very convenient to use. We spent quite a few forces for its implementation.

The future plans to add a tab profit distribution by month, as well as a very interesting feature for saving a detailed report in HTML format.

We are working on it.

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