THE TRADE LOG

How Does The Trade Log Work ?

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Three Ways To Enter Trades

Record Each Trade You Take In Your Log

The Trade Log will automatically display results of the trade, including the net value, the number of pips made, the percent equity gained or lost and how long you were in the trade.
Select What Things You Want To Keep Track Of
Pick what's important for you to track.

Choose from 16 commonly-used parameters...

Or create as many custom ones as you like.

Add Screenshots To The Log For Each Trade

Detail from the Forex Smart Tools Trade Log with Screenshot import
Add As Many Screenshots As You Like
Drag Thumbnails To Change Their Order
Click a Thumbnail To See It Full Size
Scroll Thru All Your Full Size Screenshots Like A Movie
Everything You Notice About Your Trades Can Help You Learn & Improve
Record The Particular Details Of Each Trade
Each factor you choose to track appears on the Trade Input tab for you to fill in with the details of this particular trade.
The NOTES you write and all the parameter settings about each trade are part of its permanent record.
You'll be amazed at the insights that come to you as you study your trades over time.
Record Complex Trades CORRECTLY

If your trades are simple – in and out  – then you can skip this next feature.

But if you manage your trades with multiple entries or exits – this next feature should blow you away!

Mindo Pod, Forex Smart Tools Developer / Professional Trader

Do you ever add on to a good trade, increasing your position size?

Do you ever close part of your position and let the rest run for more?

Do you ever use a stop-and-reverse approach or cost-average?

If so, you think of ALL THAT AS ONE TRADE, right?

That's the correct way to understand them.

But your broker's statement shows a trade like this as two unrelated separate trades – so would an Excel spreadsheet or other kinds of trade journals. That makes it impossible to analyze or learn from later.

The Forex Smart Tools Trade Log lets you record this 'two-leg' trade as though it's one trade.

Why?  Because we're traders and we know how traders think and what's really needed in a great Trade Log to help you improve your trading.

This is a screenshot from the "Allocation Breakdown" tab, where you can record as many legs of a multi-part trade as you have.

And the import wizard lets you group trades into these combined conceptual sets as you import your trade statements from MT4 or Forex Tester, or you can manually enter them yourself.

The Log then combines the results so you can see it all together – how many pips the overall trade made or lost, the equity change, the time in the trade and more.

Detail from the ALLOCATION BREAKDOWN window of the Forex Smart Tools Trade Log

SUMMARIZE YOUR TRADING AT A GLANCE

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Quickly see the key results of your trades:

  • win to loss ratio
  • equity change
  • average gain and loss
  • number of wins to losses
  • consecutive wins / losses.

Choose any period of time to summarize:

  • Week
  • Month
  • Quarter
  • Year
  • Any Custom Period

Four time bands let you set up different time periods to easily compare with each other.

For example at the same time you can see

  • The current week
  • Last week
  • The week before
  • The week before that
We teach in-depth money management and will show you the value of working with "working pips, max pips, raw pips & effective pips".

DISCOVER EXACTLY WHEN YOUR LOSSES OCCUR

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If you just look at your overall broker's statement or the bottom line, you might miss an important insight –

There might actually be times of the day that are consistently bad for your strategy.

The Trade Log automatically breaks all your trading down hour by hour.

You might discover that eliminating some trading times might make you way more profitable.

(That's why our motto is "Trade Smarter - Not Harder")

SUMMARY TABLES Make It Easy To See What Works

Summary Tables in the Trade Log

The Trade Log makes it easy to create SUMMARY TABLES so you can quickly compare things.

  • Which currency pairs perform best for you
  • Which strategy is most reliable
  • Compare entry triggers
  • Pick the best exit plan for your style

Any factor you can think of - the Trade Log makes it easy to analyze.

Isolate Any Element of your Trade Plan for In-Depth ANALYSIS

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Do you trade a few strategies or EAs at the same time?

How do you know how well each  does?

How can you spot those that are losers?

Use the ANALYSIS section of the Trade Log to easily break each one out and look at it!

Handy FILTERS let you isolate any parameter or factor you've set up and look at those exact trades in a report by themselves.  Get pip and equity totals as well as equity charts.

EXAMPLE 1 -

GOOD STOPS

Track what stop you would have needed to stay alive in a good trade - then compare the stop you use with the ideal stop for each trade and see if you are better off using a smaller or larger stop.

EXAMPLE 2 -

AVERAGE DAILY RANGE

If you track the ADR (average daily range),  see how well your strategy did when the ADR was greater than 100% of its norm, or when it's less than 50% of its usual average.

EXAMPLE 3 -

MAXIMIZING PROFIT

Analyze what your average number of pips taken on each trade is, compared to how many pips are generally available, based on your same entry criteria. How efficient are your exits?

SET GOALS: TRACK YOUR PROGRESS OVER TIME

Detail from the Progress Tracker of the Forex Smart Tools Trade Log
Two screenshots comparing day-to-day and week-to-week

See the combined results of all your trades each day, each week, each month, each quarter or each year.

Set your own GOALS for each time period and color code them so you can see at a glance how you're doing.

I've been going through the Money Management videos from you - they're all really good - and the one on Expectations and Goals... Wow!

The idea of setting a goal in trading - I was doing that in the corporate world - but I have no idea why I didn't think that applied to forex trading! And to make the goal based on equity growth instead of pips and money - Genius! What a revelation!

Paul Hopper

TRACK UNLIMITED BROKERAGE ACCOUNTS

Track Multiple Accounts At Once

Store all your accounts in one easy place: The Trade Log

  • Live Accounts
  • Demo Accounts
  • Forex Tester Simulator Accounts
  • Inactive Accounts
  • Closed Accounts

The Trade Log even lets you keep multiple international accounts, even if you hold your assets in different currencies with each. The daily exchange rates are automatically stored, so your statements can be summarized and all viewed together.

Feature Overview

The Forex Smart Tools Trade Log has all the features you need to create a complete record of all your trading activity.

  • Add Unlimited Screenshots
  • Export PDF of trade specifics
  • Share trade results with others
  • Track each decision point you use
  • As simple a log as you like, or…
  • As complex as you may need
  • Excellent customer support
  • Consolidate all your results
  • Add notes about each trade
  • Built-in support for Forex Tester
  • Not a spreadsheet – a true database
  • Easy to use, yet full featured
  • Auto-summarize by currency pair
  • Auto-summarize by hour of day
  • See equity gain / loss of each trade
  • Number of pips +/- calculated
  • Video your trade and link to it
  • Deep knowledgebase training
  • Analyze your trading over time
  • Discover what’s working the best
  • Discover trading patterns that fail
  • Import statements from MT4
  • Create accountability for yourself
  • A Trade Log is your personal coach
  • The Edge You Need To Trade Well
  • Easy backup to keep data safe
  • Add icons to grade each trade