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!
For futures traders, we have added the ability for all of the reports to display P&L data in ticks rather than $ (or R). When you visit the reports, you will now see an additional available mode, depending on your subscription.
Silver users will see the new tick mode:
And gold users will see the tick mode, in addition to their gross/net and R options:
Clicking the “T” will switch all P&L values in the reports to be in ticks, rather than $.
A couple of important notes about this:
- Only futures trades will be shown in tick mode. Other trades will not appear in the reports when in this mode.
- While each trade may have a different tick size (e.g. ES vs CL trades), the reporting normalizes them to just “ticks”. So if you made 2 ticks in an ES trade, and 5 ticks in a CL trade, the combined P&L for the two trades will be displayed as 7 ticks.
Tick reporting is available today for all futures trades!
The new Recent report group on the Overview reports has been very popular since its introduction a couple of months ago.
Today, we have improved them by making the 30-day P&L chart interactive. You can now click on a bar for a specific day, and automatically filter your trades down to just that day so you can quickly investigate them in more detail:
While most of the interactive reports in Tradervue require a silver or gold subscription, this one is enabled for all users!
Many of you are using the Tradervue workflow where you create new manual trades (e.g. click “New Trade”) during the day to make notes, and then import your execution data later to match up with those trades.
If you’re doing this, it’s at the point when you’re entering the trade – and creating the new trade in Tradervue – that you know your initial risk in the trade (see our earlier post on risk tracking and reporting for details about this). Therefore, we have added an Initial Risk entry when creating a new trade:
If you have a default per-trade risk defined (in your Trade Settings), that value will be pre-populated for you.
This should streamline the workflow for users manually creating trades during the day who are also using the risk management functionality of the Gold plan!
We have added options support for traders using Scottrade. As always, log into Tradervue, click Import Trades, select Scottrade, and follow the instructions!
Sharing trades on Tradervue has proven to be quite popular, and more and more traders are sharing some of their trades with the community. As a result of this growing interest, we have made some changes to the way the shared trades pages work.
A – The shared trades pages will no longer show trades that have no notes. We have found that these trades rarely get comments, and are viewed far less than trades where the trader has made notes. So, from now on, trades that are shared with no notes will not show on the main Shared Trades pages, nor on the Tradervue front page. These trades with no notes will still show up on the trader’s personal shared trades page.
B – You can now search for a trader. If you know a trader’s username on Tradervue, enter it and click Search and you can go their personal shared trades page.
C – We have re-worked the page for viewing a particular user’s trades (example). On this personal page, the trader’s username and avatar are now shown in the upper left, so you know you’re viewing trades for just this user.
D – From a trader’s personal shared trades page, you can click “View everyone’s shared trades” to go back to the main Shared Trades page.
E – On the personal shared pages, we now show the top 100 symbols for that user, based on how many trades with those symbols are shared. If you click on one of those symbols, you will then see only trades from that user for that symbol.
All in all, we’ve made it much easier to find users on Tradervue, and to browse through their trades. If you have any suggestions, we’d love to hear them!