Forex performance analysis program.
This software product, like many other programs for analyzing Forex transactions, allows you to analyze your work on the foreign exchange market, but unlike its analogues, it does this in the most detailed and informative way.
This makes it possible, based on the data obtained, to draw the right conclusions regarding the choice of the most profitable trading instrument and trading strategy.
The analyst produces the following reports on completed transactions.
1. Summary statistics on orders - the report indicates the time of the transaction, currency pair, trading volumes, order opening direction, opening and closing prices and stop order .
Somewhat reminiscent of a standard report on the Metatrader terminal. 2. Data on currency pairs - in graphical form or table, information is displayed on the used currency pairs for the reporting period of time.
This allows you to choose the most effective tool for trading on Forex. 3. Dynamics of profitability (loss) by day of the week - thanks to it, you can find out which day of the week was more effective for you and trade only at the most favorable moments.
4. The effectiveness of using stop orders is also quite useful data for analyzing the effectiveness of placing stop loss and take profit .
Will allow you to identify shortcomings in the use of risk management. 5. Signals – free provision of signals for opening trades. I don’t know how effective this function is, but it will be an excellent gift for a novice trader.
6. Options for closing transactions - how many orders were closed manually, and how many due to triggering stops and the total number of transactions.
Based on the above, we can say that this product is indeed one of the best programs for analyzing the effectiveness of Forex trading.
Simplicity and functionality will allow you to draw the right conclusions and make adjustments to your trading system. Setup and installation.
1. Download the Forex analysis program.
2. After copying the save_hist.mq4 script to the folder where your trader’s trading terminal is installed, namely \experts\scripts
3. After launching the terminal itself and installing the downloaded script on the desired chart, which gives us the order.csv file that will be used for further analysis.
4. In the archive, we launch the program file for Forex analysis, Analysis.exe, load the order.csv file through the button in the upper left corner File – Import, or simply press F2 while the program is running.
5. Next, click “By currency pairs” and the “Calculation” button at the bottom; all the necessary information is on your screen.
6. Jump between tabs and see statistics on your trading for the required period.
All questions that arise can be clarified thanks to the attached video lesson on working with this script.