Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Hi, this is TJ and Barry – developers of the Ultimate Trade Analyzer (UTA).

We have started this forum as a place for the UTA community to learn new things and to exchange ideas and discoveries made from using this powerful new trading tool.

 

Soon there will be several helpful threads about how to use the UTA, and to share results. This is your forum, so please feel free to start your own thread if necessary. Let’s all work to keep this forum organized and useful.

 

But first - what is the UTA? UTA is a power-tool for analyzing your trades. Whether you are back-testing, forward testing, or logging real trades, your trade data contains a wealth of information. But how do you unlock the secrets of your data and make it useful? Imagine if you have a gold mine – what good would it be if you could not get to the gold? Your trade data is that gold mine. And UTA is the tool to mine the gold and unlock the secrets hidden inside your trade data. Never before has there been a tool that presents so much useful information in one easy to use format. What you discover will improve your trade decisions.

 

We understand that questions are popping up in your mind – as they should be. But consider this the first step of a long and fruitful journey. UTA is so new that we are only just beginning to tap into its potential wealth. Together, as a community, we can all drill down deep into our trade data that is our gold mine.

 

Let the journey begin . . . TJ & Barry

Share this post


Link to post
Share on other sites

Hi TJ and Barry,

 

Good idea to start a forum. I only use UTA at this moment for CL but I will certainly use it in near future for other instruments.

As I said before (I have been using your pre-versions already for some time) it is a GREAT instrument and a MUST for every trader to "keep his books".

 

One thing I added to the previous version, were several clumns which reflected my real trading. Not the entries and exits, but the number of ticks made on a trade (already in the spreadsheet), the number of contracts and the result in Dollars. When you let these columns totalize, you will have the theoretical result as well as the real result side by side.

Furthermore you can use your own rules like POQ and see the results.

 

Maybe an idea for a future version.

 

Keep up the good work gentlemen.

Cheers,

chris muller (from the Netherlands)

Share this post


Link to post
Share on other sites
Hi TJ and Barry,

 

Good idea to start a forum. I only use UTA at this moment for CL but I will certainly use it in near future for other instruments.

As I said before (I have been using your pre-versions already for some time) it is a GREAT instrument and a MUST for every trader to "keep his books".

 

One thing I added to the previous version, were several clumns which reflected my real trading. Not the entries and exits, but the number of ticks made on a trade (already in the spreadsheet), the number of contracts and the result in Dollars. When you let these columns totalize, you will have the theoretical result as well as the real result side by side.

Furthermore you can use your own rules like POQ and see the results.

 

Maybe an idea for a future version.

 

Keep up the good work gentlemen.

Cheers,

chris muller (from the Netherlands)

Great idea - it is difficult to figure out what everyone wants so thanks for the ideas.

I designed the trade log area to minimize the data entry, but there is nothing wrong with collecting more information on a a trade.

One possible thought - if you collect the highest high and lowest low during all bars while of the trade is in place, you can determine the maximum adverse excursion - or the amount the trade went against you at any time. This is useful to help set tighter stops.

 

Lots of luck - Barry

Share this post


Link to post
Share on other sites

Hi All:

 

I would like to use UTA as my trading journal> Is there anyway that you could add ther notes to the trade log so that i could enter that data.

 

Also what about being able to capture a screen shot of the trade setup and exit screens?

 

Is there way to use UTA as an ovrall trade analysus of yout trading of all currenicies, stock futures etc. So that you could compare your performance of all of your investments.

Share this post


Link to post
Share on other sites

G.E.

You ask a good question.

It is great that you are diligently posting a trading journal.

There is a 'Notes" column in the UTA - see column S.

First click "ExpandView", then "TradeSetupSummary-Show", then move to column S.

You can widen the column by clicking the top of the column in the gray header area, then use the mouse to drag the right side border to the right. When you click "Hide", the column width should stay that width.

 

I am not sure if you are asking to move Column S after K so that it is closer to the Log area. Let me know if this is the question.

 

Although it can be done, it would not be a good idea to embed screen shots of setups and exits to the UTA log - as this would make the Excel file size HUGE.

One thought is to add an hyperlink to the image file into the Notes. So you could save the screen shot on your drive in a subdir, then add the hyperlink to the image file. This saves a lot of space and still gives quick access to the screen shot - Great Idea!!!

 

It does not make sense to add all trades from a lot of different trading systems into a single UTA Log. I am not sure what value that provides - you are not statistically testing a "trade system".

But . . . I am working on a portfolio module for UTA that would read and compile trades from different UTA Logs into a new log. The idea is to test them together as a portfolio and run an Equity Curve Money Management Analysis on the portfolio of trades. You are not testing a single trading system - but you are getting a look at the equity curve of the group of systems.

Also, I am nearing completion of a MonteCarlo Simulation module using the trade statistics gathered from the UTA, or input independently without the UTA. The simulation will give you an interesting grasp of just how robust your system is by randomly simulating thousands of trails of multiple trades. You can see potential drawdown, potential # consecutive losing runs, probability of busting the account, etc. It will be a great tool for serious traders.

 

If you have some feedback or ideas on these concepts - email me at barry.e.miller@gmail.com and I will be happy to discuss them with you.

 

 

Keep up the great work and best of luck with your analysis and trading.

Barry

Share this post


Link to post
Share on other sites

Hi Barry and all: Yes, I was asking about moving the notes field so that it would actually be part of the daily log, moving it from column S to column k i think!

Share this post


Link to post
Share on other sites

GE,

 

I agree that easier access to the notes would be nice. Barry and I discussed many ideas but in the end, we had to make some compromises. We came up with buttons that open and close various aspects of the UTA. Some want this, some want that. Some want this at times, but not at other times. That sort of thing. It took me a little bit to get used to the notes but now I quickly find them when I need, and jot down what I need to. Then I am happy to reduce it down and get it out of the way. Perhaps we'll rethink it for future revisions.

 

Regarding your question about tracking multiple markets. I did post a video on the UST and HVMM Owner's Club blog suggesting a way to do it. Basically, you would need to select crosses with the same underlying currency and track the same size trades. You can use the Setup Type labels (column I) and name your set up type for each market you are tracking. For example, eurusd and gbpusd could be tracked on one sheet if you labeled each, accordingly. Thenyou could see comparison curves, etc. I agree with Barry though regarding the posting of multiple markets on the same UTA sheet. I believe you would get more useful indepth analysis keeping them on separate sheets. But, it can be done.

 

Finally, for scrreenshots, I downloaded a free tool that I like to use called Screenhunter. I just capture what I need and then keep a well organized folder with my files. The suggestion of linking to the screenshot is an excellent one and I can see that as a nice improvement for a future release.

 

Thanks for your post and questions. Keep up the foundational work. It will payoff for you in a big way.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
    • The ewallets can be instant withdrawals like skrill etc or they can also pay through crypto but not tested their crypto withdrawals so far.
    • I noticed that this broker has also started crypto cfds to trade. Crypto fever is almost everywhere in my opinion and the traders making good sums of money too.
    • MDLZ Mondelez stock, nice rally off the 64.18 support area at https://stockconsultant.com/?MDLZ
    • Date: 27th March 2025.   SNP500 Erases Gains as Trump’s Aggressive Trade Policy Shakes Markets   The SNP500 fell 1.35% on Wednesday wiping off the gains from the week. The decline is primarily due to fears of the upcoming US trade policy on April 2nd and beyond. In the President’s latest speech investors heard Trump confirm he looks to tax foreign cars with 25% tariffs and will add retaliation tariffs on Canada and the EU if they look to retaliate. The US Latest Comments On Global Trade The main concern for investors is the US President’s latest comments on the EU potentially collaborating with Canada. The two countries are aiming to push the US into a more favourable trade agreement. Donald Trump states that “if the EU works with Canada in order to do economic harm to the USA, large scale tariffs far larger than currently planned will be placed on both”. Up to now, both Canada and the EU have advised markets that they will retaliate. As a result, investors fear how these policies can trigger lower consumer demand, higher inflation and even a potential recession. The latest consumer confidence fell for the fourth day to 92.9, missing the 94.2 forecast. The economic outlook dropped to 65.2, a 12-year low, staying below the 80.0 recession warning level. However, the Federal Reserve so far in 2025 is advising the US economy remains stable despite the uncertainties. Furthermore, the US confirms they intend to impose a 25% tariff on all car imports and essential parts, including engines, transmissions, and electrical components. Many countries have already voiced their concerns over this decision.   Where Automakers Build Cars Sold in America   The Federal Reserve and Inflation Chicago Fed President Austan Goolsbee stated yesterday that policymakers may postpone monetary easing for 12 to 18 months due to market uncertainty. He also continues warning that rising inflation expectations could complicate efforts to slow it down. Another member to voice concerns is Alberto Musalem, a US economist and banker. The risk of US inflation remaining above the Fed’s 2% target, or even increasing, continues to grow, with higher import taxes potentially driving sustained price pressures. In the latest month, US inflation fell from 3.00% to 2.8% which is positive for the stock market, but only if it continues to fall towards 2.00%. There is currently only a 10% chance of an interest rate cut in May 2025 according to the Chicago Exchange. Economists advise the upcoming data will be vital and can significantly influence the risk appetite of the market. Traders will be focusing on today’s Final US GDP and tomorrow's Core PCE Price Index. If tomorrow’s PCE Price Index reads more than 0.3%, the stock market could quickly witness renewed pressure. SNP500 (USA500) - Technical Analysis Regardless of the above fundamental factors which are triggering the recent decline, the SNP500 has risen 0.35% during this morning’s Asian session. The bullish corrective wave currently measures 40% of yesterday’s bearish impulse wave. Though traders should also note that global indices including within the EU and Asia are continuing to decline.   SNP500 (USA100) 1-Hour Chart   The price in a 15-minute timeframe remains below most trend lines and Moving Averages. In addition to this, the price is again dropping below the neutral level of the RSI and the VWAP. If the price regains downward momentum and falls below $5,701.98, many traders may consider bearish momentum to be regaining ground. At this point, sell signals potentially can materialize. Further adding to the indications of downward price movement is the VIX index which is currently trading 0.60% higher. The higher the VIX index the lower the appetite there is towards the US stock market. Lastly, the US 10-Year Treasury Yields continue to rise adding further pressure on the stock market. The 10 Year Treasury Yields are currently trading 25 points higher. Key Takeaway Levels: The SNP500 dropped 1.35% as investors reacted to fears surrounding the upcoming US trade policy changes on April 2nd. This includes a potential 25% tariff on foreign cars and retaliatory tariffs against Canada and the EU. Fed officials warn that inflation risks remain high, with import tariffs potentially driving further price pressures. Inflation recently fell to 2.8%, but concerns persist about whether it will reach the Fed’s 2% target. Traders are closely monitoring upcoming US GDP and Core PCE Price Index data. If PCE exceeds 0.3%, stocks could face renewed pressure. Despite a slight rebound in the SNP500, indicators like RSI, VWAP, and the rising VIX index suggest bearish momentum could return, particularly if the index falls below $5,701.98. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.