Trade Analyzer

What is Trade Analyzer?

Many Forex traders measure their results based solely on overall profit and overall drawdown. This provides some level of trading analysis however there is much to be learned from a closer examination of your overall trading behavior. Imagine optimizing the currency pairs, the individual positions and profit target / stop loss settings based on your actual trading history.

The Trade Analyzer helps you examine your trading over a given date range by creating a comprehensive statistical report. We feel this is the perfect tool for new traders who are developing a trading plan, or current traders who are reviewing current performance to pinpoint their own weaknesses and strengths.

How Does the Trade Analyzer Work?

The Trade Analyzer will help you quickly assess which currency pair you have had the greatest success trading. For example, if you run the report and see that over the last month you have been profitable on GBPUSD while all of your EURUSD trades have been unprofitable, you may choose to avoid the specific currency pairs that do not perform well with your trading plan.

The Trade Analyzer report also displays the performance broken out by short and long positions. You can quickly review your trading history to see if your strategy performs differently depending on if you take a long or a short trade. This information is available for all currency pairs Interbank FX offers and for each symbol you have traded.

Finally, the Trade Analyzer will calculate your average profit and your average loss in pips.

The Trade Analyzer helps you get a more detailed view of your historical trading performance and gives you information to help you tweak your trading plan.

Key features of the Trade Analyzer:

• Calculates data from total number of trades ("All Symbols"), as well as data from individual currency pairs (e.g. EURUSD, USDCAD, GBPUSD, etc.) within a given date range
• Allows traders to quickly distinguish currencies that they have been statistically more profitable trading
• Displays comprehensive data on each position type (i.e. total number of "All Trades", "Long Trades" and "Short Trades")
• Displays total number of trades that won/lost/broke even
• Calculates largest profit/loss in pips, as well as average profit/loss in pips

Obviously your past results are no indication of future performance, however we believe that by analyzing your past results it may help you make better decisions in the future.