New advanced report features

Posted on October 17, 2013 by gregr

We’ve been busy making Tradervue’s Advanced Reports even better! Specifically, we’ve added these parameters:

Market movement (%)
Market opening gap (%)
R ($)

The last one, R, is worth expanding on. Assuming you’re tracking your risk per trade, this lets you plot the amount of risk you had on for each trade (i.e. the R for the trade) vs. another field. So for example, if you were to plot P&L vs R, you could see if the trades you are putting on more risk with (i.e. higher R) are giving you higher returns.

We’ve also added the ability to download the data shown in any advanced report to a CSV file, which you can open in Excel or another spreadsheet. To do this, simply create the report you want, and then click the download button:

Advanced reports are available for all silver and gold users – if you haven’t tried them yet, this might be a good time to consider upgrading!

Initial Risk added to manual trades

Posted on April 11, 2013 by gregr

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!

Risk tracking and reporting

Posted on March 22, 2013 by gregr

Many traders think in terms of “R” – that is, the amount of risk you have on in a trade. If you are risking $100, and you end up making $200, that would be a 2R trade. You can think of R as a way to normalize your P&L results against the risk you have in a trade.

Today, we are adding both risk tracking and sophisticated risk reporting into Tradervue. First, you can now enter the amount of initial risk you put on in a trade (or “R”):

After you enter the risk for a trade, the return (in terms of R) will be calculated for the trade, as shown in the screenshot.

Just for an example, suppose you are buying 500 shares of stock, and your stop is $0.10 below your entry price. Your total risk is $50 – this is the value you should enter as “initial risk”. Now, suppose you end up selling the whole position up $0.50, for a gross profit of $250. Your gross return is 250 / 50 = 5R.

If you consistently use the same initial risk for all of your trades (or at least most of them), you can set your default risk value. To do that, go to Settings, click on the Trade Settings tab, and set your risk value:

Once you start entering your risk when you add trades, the fun starts. On each of the tabs in the Reports view, you’ll see a new selector for the type of report you want:

The “$” setting is the same setting the reports have always had – it reports P&L data in absolute dollar amounts. But if you click “R”, all of the reports will now report in terms of R:

Look at the horizontal axis – where you normally see some $ amount, now you see R multiples. This works for all of the reports – here’s another example:

Again, the results are reported in R.

You can switch back and forth whenever you like; the reports are all very flexible.

On the Advanced reports tab, P&L, position MFE, and position MAE can now all be reported in R as well as $.

If you use a fixed risk value, and already have a large number of trades in Tradervue you’d like to apply it to, contact us and we can apply that for you.

The new risk features are available today for all users on the Gold subscription plan!