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Direct MessagesDate/Time: Sat, 18 May 2024 12:27:22 +0000
Post From: Feedback on the new implementation of the Trades Tab of the Trade Activity log
| [2018-10-31 09:53:55] |
| User87744 - Posts: 22 |
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The new Flat to Flat Maximum Open Profit and Flat to Flat Maximum Open Loss fields are confusingly named and will almost certainly mislead users who don't have the time or inclination to pore over the user documentation (i.e. probably a good proportion of your users). If these two fields do not actually show the maximum open profit/loss of a flat to flat position, as made clear in the documentation, then they really should be named as something else, probably with the word "cumulative" inserted. Also I'm struggling to see what is the purpose of these two statistics. I imagine most users want to know the maximum open loss of a flat to flat position to help them set an efficient loss limit on open positions. If the "Flat to Flat Maximum Open Loss" statistic doesn't show that, what's the point of it? Should I look upon it as providing a rough approximation of the maximum open loss of a flat to flat position? The second (and for me more important) point I'd like to make is that the new format of the Trades Tab makes it very difficult to use the trade statistics in Excel to analyze flat to flat trades. By adding "BP" and "EP" to the end of the entry and exit times, these fields no longer show date and time in a format that is recognisable by spreadsheets. If users want to create a simple equity curve in Excel based on flat to flat trades, they now need to collate the trade stats, using a pivot table or macros to strip out the in-between trades and show just the flat to flat trade stats, in addition to re-formatting the time data. I'm guessing this is beyond the Excel skills of most users. It is certainly beyond mine. Most other trading platforms generate an equity curve for users after a backtest. Sierra not only doesn't have this basic function, it has now made it incrementally difficult for users to create an equity curve on a spreadsheet from exported data with this re-implementation of the Trade Activity log. I'm not saying the new format of the Trades Tab is not useful, but many users need to be able to quickly view and analyse their trades on a flat to flat basis without any of the in-between information. This is especially so for users who scale in or out of trades, or like me are using Sierra Chart to develop automated trading strategies that have multiple entry or exit points. Removing the flat to flat view altogether simply because you have periodically received complaints about the flat to flat stats not being accurately calculated seems illogical when many people use the function. Why not keep the flat to flat view showing only stats that can be accurately calculated, and give users the ability to choose between the new and old Trades Tab formats? |