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Long time ago I created my own excel spreadsheet as my trading journal.
Recently I have come across Edgewonk. And since I am going to praise it , please note that I am in no way related or connected to Edgewonk.
Edgewonk is a trading journal based on MS Excel (2010 and higher) with standard features plus lots of custom inputs. You can check it out here.
It is related to Tradeciety which is a blog with trading tips and tips on using edgewonk.
My summary:
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It has a very good youtube channel with short videos about using it;
They offer a 12-week program not only about how to use the journal but also about how to improve trading using the journal (though you can get the same info from different edgewonk resources, here it is presented in a concise and easy to understand way);
Standard features like performance evaluation of individual traded assets as well as setups, equity curves, and trade management evaluation;
Custom inputs like custom statistics (tracking whatever you like, for example time frames, indicators performance etc.;
Simulator similar to Monte Carlo;
"Tiltmeter" evaluating emotions impact on trading;
Excellent support;
etc.
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It is excel-based which is not my favourite tool but its just my opinion.
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Are you still using it totantaz.
My issue with Edgewonk and the other manual ones that can't download trades is that we spend a lot of our time after the fact getting all the MAE MFE stats etc rather than purely grading the trades.
It can be a real pain.
Eg if I forgot to screenshot it because I was otherwise focussed then I have to go back and setup my chart as it was then, including restoring lines etc. I am not convinced this is the best possible use of limited time
I am participating in that beta but I want to keep all my options open.
Time is incredibly short and I'd rather spend it doing things like deliberate practice.
, please note that I am in no way related or connected to Edgewonk.
