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This function is only available with the TradersYard X Andromeda or higher versions of the trading platform.
TradersYard X records each trade and keeps an automated trading journal. This enables you to clearly understand and evaluate trading behavior.
- You can open your Trading Journal via Main -> New -> Trading Journal or by clicking the corresponding icon in the toolbar.
- Choose the criteria, you want to filter: You can activate one or more entries, exits accounts, instrument types, time frames, and direction (long/short). In case you do not choose anything in the "Direction"-box, both long and short trades will be displayed.
- Specify, whether you want to filter for entry- or exit-time and define the exact date and time for the start and endpoint.
- Click "Show Journal".
- Date From/To
- Button: Show Journal
Click this button to load the trade journal with the affected settings.
- TRADE RATING (global)
You can evaluate your trades in the JournalTab using the Entry/Exit/TradeManagement Rating, from which the TotalRating for each trade is calculated. Here, the average of all TotalRatings is shown as the overall Rating of your trading. The more stars you achieve, the better you have stuck to your trading rules, and the more positively you have rated your trades.
- Balance Change
Is the total profit/loss generated by all trades loaded in the journal.
With a double mouse click on the splitter bar you may open a chart where selected trades was running:
Indicators (TradingJournal+ Feature):
In the new Trading Journal, you can load any indicator to your equity curve, from which you can draw new conclusions, e.g. whether your equity curve is currently below the average or above it. This provides you with valuable new insights about your trading performance and its development.
Drawing objects (TradingJournal+ Feature):
Just like in a normal chart, you can also use all possible drawing objects in the Performance Graph.
Benchmark (TradingJournal+ Feature):
You can only activate the Benchmark function if you are using “Percent” as a display method and additionally activate “Use daily chart”. The Benchmark dropdown is then enabled, and you can choose from one of the biggest, most informative indices worldwide, which is then placed in the chart as a comparative marker. You can now rate how good your own performance is in comparison to the selected index. For the index as well as for your own trading result, the percentage changes are shown per day and can therefore be compared. If your percent equity curve is above the index, you have beaten the market. If you click and hold the left mouse button in the chart, you can view the value of your equity curve as well as the percent value of the Benchmark at any time in the DataBox, enabling you to also carry out more detailed evaluations
The TradeCollection is a “photo album” of your trades: a screenshot of all closed trades is automatically created, and then appears in the TradeCollection. In addition, all important information for every trade is displayed next to the screenshot. If you have already written comments on a trade in the JournalTab or in the TradesTab, these are synchronized and similarly displayed here in the comment field for every trade. The TotalRating, which you can assign yourself for every trade in the JournalTab, is also displayed here so that you can see at a glance how you yourself have rated a trade. The Trade Collection gives you the opportunity to study and understand your trades after the fact in order to recognize errors and learn from them, which is one of the most important processes for a trader – whether beginner or pro
In this tab you can set how many stars a specific rating should receive, in addition, you can create your own rating-texts which you then can use for your trade-ratings in the JournalTab.