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Edgewonk (trading journal)
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Created: by hadamkov Attachments:1

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Edgewonk (trading journal)

 
Elite Member
estonia
 
Futures Experience: Intermediate
Platform: Sierra Charts
Favorite Futures: CL, Bund, DAX
 
Posts: 15 since Jul 2015
Thanks: 0 given, 6 received

indeed, got the reply from them, they are working on this one, looking forward !!!

Hello Sergei,

yes we are aware of it and we are trying to experiment with different ways to scale in and out of trades. We haven't found the right fit for Edgewonk as we don't just want to throw the data together.

We'll get there and the scaling in/out feature will be improved in the future for sure, but I cannot say when this will be available as we're trying to find the best fit.
Best regards
Rolf Schlotmann,

Co-Founder & Managing Director
Quantum Trade Solutions UG (limited / haftungsbeschraenkt)

Jahnstrasse 43
63075 Offenbach am Main
Germany
Email: Rolf@edgewonk.com
Internet: www.edgewonk.com

 
 
Order Flow Trader
Glasgow, Lanarkshire Scotland
 
Futures Experience: Beginner
Platform: NinjaTrader & Jigsaw
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ZN, ES
 
Trambo's Avatar
 
Posts: 46 since Apr 2016
Thanks: 56 given, 33 received

Edgewonk (trading journal)

Iíve used edgewonk and all in have found it ok. I donít think it lends itself that well to scalping methodologies due to the time it takes to edit all the trade data, other alternatives are quicker I find.

What I would say is customer support generally has been very quick but Iíve had to use it a few times. It might just be me being dull but I found that I spend most of my time tweaking the software and trying to get things to display information how I want it to rather than actually using it for benefiting from journaling.

I donít like the way it deals with break even trades for example and although broker import is good, it takes ages for me to input stop and profit targets in because I have to convert prices from 32nds and quarters to decimal.

I donít want to sound overly critical but to me it feels like itís a program aimed at the forex retail chart pattern swing trader which has been adapted to offer support for other ways of trading, I felt I couldnít get it to work for how I trade.

The interface is good though and there are a ton of stats in there, most of which I wonít use - maybe thatís a mistake but I think they can often be superfluous.

Again, just my opinion but Iíve stopped using it.


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Elite Member
Toronto , Ontario, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
 
Posts: 423 since Jun 2016
Thanks: 1,321 given, 714 received


I gave edgewonk a try as well but primarily stopped because it doesn't adjust well to scaling out and frankly adds more work personally for me than it eases my workload. One thing it incorporates is the psychological factor which journals don't and that's a good thing. The other thing is it doesn't take in the trade stats, how many ticks against you, and how far it went during the trade and so forth.

While it has its pros and cons, at the moment it doesn't suit my beginner needs, perhaps itd be of more value once i am trading live and am consistently profitable (god knows when) then it could be of use to take trading to the next level by managing the nuts and bolts of my setup.

I'm at the stage of creating my setup. If you haven't used it for long, try asking for a refund. I couldn't find any information about it online but emailed Rolf and he gave me refund. Nice guy.

John

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The following 3 users say Thank You to noobforlyfe for this post:
 
 
Order Flow Trader
Glasgow, Lanarkshire Scotland
 
Futures Experience: Beginner
Platform: NinjaTrader & Jigsaw
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ZN, ES
 
Trambo's Avatar
 
Posts: 46 since Apr 2016
Thanks: 56 given, 33 received

Hi John,

To be fair Iíve had it for a year, you are right Rolf is a good guy and always quick to get back to you with help. Iím happy enough with the data stored in it not to need a refund but Iíve moved away from using it.

Sometimes I think the search for her perfect journal has become a ďthingĒ just like the perfect method! I think some basic data to work with is the way ahead for me, at least for now


Sent from my iPhone using futures.io

The following user says Thank You to Trambo for this post:
 
 
Elite Member
Toronto , Ontario, Canada
 
Futures Experience: Beginner
Platform: Sierra Chart, SC
Favorite Futures: Emini ES, CL, USD/CAD
 
Posts: 423 since Jun 2016
Thanks: 1,321 given, 714 received


Trambo View Post
Hi John,

To be fair Iíve had it for a year, you are right Rolf is a good guy and always quick to get back to you with help. Iím happy enough with the data stored in it not to need a refund but Iíve moved away from using it.

Sometimes I think the search for her perfect journal has become a ďthingĒ just like the perfect method! I think some basic data to work with is the way ahead for me, at least for now


Sent from my iPhone using futures.io

Hello,

Yeah it is definitely a good program but for the reasons mentioned above i feel itd be best if i export the stats sierra chart offers and then make my own trade analysis manually by hand which will also get me to learn about how to calculate risk of ruin, how many possible streaks of losing trades I can have , how to calculate that, what amount of drawdown should i be able to withstand that the losing streaks bring on...and so forth.

All of which I need to consider because trading is all about a statistical edge in order to stay afloat and profitable consistently. In the future other analytic tools may /will be implemented into edgewonk, and perhaps this is a good time to get the program for a cheaper price before it gets marked up by demand.

John

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Elite Member
estonia
 
Futures Experience: Intermediate
Platform: Sierra Charts
Favorite Futures: CL, Bund, DAX
 
Posts: 15 since Jul 2015
Thanks: 0 given, 6 received

Rolf just told me yesterday that scale outs are planned for january release.
There are also some minor things that need an improvement but overal the way edgewonk looks i like more than tradervue. Scaleouts will put this thing into higher league for sure.


 



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