Anybody familiar with other products like trading-journal-spreadsheet.com? It's a one-time fee of $127 for single instrument or $199 for multiple. That price sure has an appeal over Tradervue $25 per month forever.
I plan to evaluate these products, and post the results. If anyone wants to join in, that might improve the studies accuracy.
I don't care for the prescription model, where you pay a fixed amount per month, like a periodical subscription. I prefer the commercial software model, where you pay an initial fee and a yearly maintenance fee. The yearly fee is usually 15 to 25 percent of the initial fee.
The following user says Thank You to HighRise1202 for this post:
I've been looking into the mentioned software, and here's what I know so far:
Greg is awesome at tradervue, he's accessible and willing to hear ideas for improvement. We talked on the phone for a bit on Friday evening, and he was a great guy. I also like to trade share widget function they have. I've started to use it on a website for a "trade of the day" sharing tool for professional reasons. I also talked to Greg about adding a drawdown chart to the metrics, and he updated things to have one within the weekend. Awesome.
In general, I give tradervue the edge for ease of use, and aesthetics.
TradingDiary is much more robust of a platform (and it has the fee structure everyone seems to prefer including myself). I'm more interested in some of the advanced metrics available on the platform.
I've been in constant communication with a guy there OVER THE WEEKEND. Wow.
I asked him to:
a) Make the p/l distribution for full "positions", instead of the current way which is each individual transaction (which for short term guys like me includes every seperate fill, seperate scale in/out of a trade, etc = meaningless for performance analysis) So he's going to add an option to group the executions or leave them as is.
b) He's also going to allow the % p/l numbers to be based on an account equity number. Right now they're based on your position in the futures market (example, a /TF trade would be the p/l for the trade in relation to # contracts x index value x 1000) or whatever it is. Regardless, that is pointless for most futures traders I think.
c) He's also more than willing to look into an importer for my specific broker. This would prevent me having to manually put in where my stop orders were for risk metrics.
Just thought I would share my experiences so far with you guys.
You know, it's a shame that NINJATRADER can't get their stuff right and provide an even better platform for journal/performance/statistics than these guys. They have all the information right there, they're simply not using it as well as they could.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Has anyone used these and could compare/review them? Interested in how well they work for trading futures using SC, tags, and how they handle reporting - win rate, breakeven/scratch trades, etc for scaling in/out multiple contracts, and being able to properly track each leg of a trade.
Last edited by Futures Operator; January 25th, 2014 at 02:13 AM.