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Direct MessagesDate/Time: Sat, 04 May 2024 15:29:08 +0000
Post From: Trading Stats
| [2017-07-09 03:04:29] |
| Merlin - Posts: 81 |
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Here's what I think Nick and User642139 are talking about, which I would also find useful. A discretionary trader has a list of "setups" that s/he trades. Examples of setups might be breakout failures, support or resistance tests, moving average crossover, reject into trend continuation, price/momentum divergence at Tick extreme, etc., etc. The list of possible setups is endless, but ideally a trader has developed a trading plan involving a set of specific, discrete setups which will be traded, and knows which setup is triggering each trade. A good trading journal allows you to label each trade with the setup that triggered it, and then to generate statistics by setup. It's very helpful to know which setups are making money, and which ones are losing money! Yes, it would certainly be helpful to track the Trade Window configuration for each trade. But there probably isn't a 1:1 correspondence between setup types and Trade Window configurations. So ideally Sierra would also provide a custom field for each trade, and allow the user to define the title of the field and the list of potential text values for the field, which then can be selected from a dropdown for any given trade. Actually, if you're going to do this, you might as well provide 2 or 3 such custom fields. I'm sure we traders can come up with many creative uses for such a capability! Kind regards, Merlin Date Time Of Last Edit: 2017-07-09 03:11:00
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