WHAT IS A PRODUCT
Trade Journal is a website that helps traders self-manage their discipline: calculate position size, record trading method checklist. From that data, one can draw out an effective trading method for themselves.
PROBLEM SOLVED
Replacing the use of Excel to manage details about orders
MAIN FEATURES
- Position size calculation: enter the amount willing to lose and stop loss, it provides the required position size. Includes both forex and crypto, based on real prices.
- Trading journal: record orders with chart images, methods, emotions, mistakes. Recording several dozen trades helps identify where one is winning or losing, and which style suits them best. Manual entry, connect to the exchange with a read-only API key, or import MT4/MT5 reports are all possible.
- Method and checklist: outline one's trading style along with a checklist of entry conditions. The app compares win rates when one fulfills the checklist versus when skipping it, to determine whether the method is poor or if one can't adhere to the method.
- Multi-timeframe scanning (crypto): observe if multiple timeframes have the same trend to find more reasonable entry points. For coins being monitored, there are Telegram alerts when the status changes, without needing to message every 15 minutes.
- Weekly summary sent on Monday morning, and export all data to CSV at any time.
WHO SHOULD USE IT
Forex or crypto traders who have placed trades for a few months, currently testing three or four methods simultaneously without knowing which one suits them best.