Tradervue merges executions into logical trades as you import your executions, and provides the ability to split or merge trades to give you flexibility in how they are grouped together.
It is fairly strict, however, with respect to exactly where you can split a trade apart. Specifically, it must be split at a point in the trade timeline where the position is flat. Normally, this is clear, but in the case of long-running option trades, there may not be a point where the overall position is flat. Consider the following option trade:
In this trade, we have purchased a June 170/175 call vertical. Later, we rolled this to July. What we’d like to see is the June vertical split out into its own trade, and have the July vertical start a new trade. However, we bought the July vertical on June 13, and sold the June on June 14 (or we could have let it expire). There was never a point during this trade where we were flat – so it cannot be split using the regular split facility.
There is a now a way to address this. We click the Advanced button just above the execution list, and we will see a new “Split options” link:
Click that, and we’ll see the new custom split page, where we see a list of all of our executions. We select the executions that should be split out into their own trade – in this case, the June vertical open and closing executions:
We then click “Split Trade”, and we will be left with two trades. One will contain the June vertical opening and closing executions, and will be closed. The other will contain the opening executions for the July vertical, and will be an open trade.
The custom split feature is available now!
The automatic price charts in Tradervue can now be displayed on a 1-hour timeframe (by popular demand!):
The hours are aligned on clock hours – so 9:00, 10:00, etc. For equities, the first bar of each day will cover the period from the 9:30 market open to 10:00.
If you’re exporting data from Tradervue in CSV format (see original blog post about this), we’ve made a couple of changes to the Trades View export that you’ll want to know about.
- Open date/time
- Close date/time
- Side (e.g. L/S)
These new columns make it possible to do more sophisticated analysis in Excel; for example, if you want to make calculations based on time of day, or trade duration, there is now enough data there to do this.
The export functions are available for all silver and gold subscribers.
Tradervue now supports importing trade data from Questrade. As usual, just go to the Tradervue Import Trades page, select Questrade from the list, and follow the instructions!
In chapter 12 of his excellent book The Art & Science of Technical Analysis, Adam Grimes discusses a few ways to statistically analyze your trading results. One particular calculation, the p-value, is a significance test (known as a one-tailed t-test) for the average P&L of a set of trades being greater 0. Essentially, it’s calculating the probability that your trading results could have just been due to random chance.
Tradervue now includes this calculation in the stats tables, on the Detailed, Win vs. Loss days, and Compare tabs. In the tables, it’s referred to as “Probability of random chance”, and is expressed as a percentage. Lower numbers are better – they indicate the results are less likely to be random.
If you use this calculation in conjunction with trade filters, you’ll be able to quickly calculate this for any group of trades. And if you use the Compare reports, you could compare any two groups of trades – so if you’re using tags for trading strategies, for example, you could see the difference between those two strategies.
This new statistic is available now for all users with a Gold subscription plan.
We have added support to Tradervue for mini options. They will be represented in Tradervue like this:
APR26 13 375 PUT M
The “M” on the end indicates it is a mini option.
So far, the generic import format supports mini options (be sure to end your contract names with M as shown above), and the OptionsHouse importer will import mini options.
If you’re trading the mini options with any other broker, please let us know so we can update the importer to successfully import them.
If you’re using NinjaTrader, then this will definitely be of interest!
The good folks at Indicator Warehouse have built a NinjaTrader plugin called Journal Lync to automatically import your trades during the trading day into Tradervue. All you have to do is install the plugin on your computer, enter in your Tradervue account info, and that’s it – every trade you make will be auto-imported into Tradervue within seconds.
On the Journal Lync page they have a video showing how to install and use it, and you can download it from there. And just to totally make your day, it’s free!
If you’ve worked with Dr. Van Tharp, or read his books, you’ve undoubtedly seen what he refers to as the System Quality Number. It’s essentially a proprietary measure of the quality of a trading system, and can be roughly interpreted as follows:
- 1.6 – 1.9 Poor, but tradeable
- 2.0 – 2.4 Average
- 2.5 – 2.9 Good
- 3.0 – 4.9 Excellent
- 5.0 – 6.9 Superb
- 7.0+ Maybe the Holy Grail!
Tradervue will now calculate the SQN for any set of trades – it is shown in the stats tables on the Detailed, Win vs. Loss Days, and Compare tabs. Note that since the SQN is calculated using risk-based results, it will only be shown when running Tradervue reports in R mode.
The SQN calculation is available now for all users with a Gold subscription plan.
We have added support for the cTrader forex trading platform – so if you’re using it with IC Markets, FxPro, or any other forex broker, you should be able to seamlessly import your trading data into Tradervue. As always, just go to the Tradervue Import Trades page, select cTrader from the list, and follow the instructions on the right side of the page!
Grove Under has been using Tradervue for quite some time, and last week he wrote a post called Using Tradervue for analysis of autotrading The Lincoln Million. Basically he has been autotrading a system for the last couple of months, and he goes into some analysis of it using Tradervue.
One of his charts shows an analysis of the stops he used:
This chart yields quite a bit of insight into how the system has been working, and possible ways to improve it…and he’s got a lot more where this came from. I encourage you to go read the entire post – there are some great nuggets of analysis wisdom in it!