Papertrade records

...cont'd from yesterday...

Keeping a record of your papertrades is easy with a spreadsheet. Merely make columns for the following data:

Date
Instrument
Time of entry
Time of exit
Long/Short
Price Bought
Price Sold
Initial Stop Price
Maximum Favorable Excursion
System identification code
Risk per trade

Then you can use spreadsheet formulae to automatically calculate the following:
Quantity
R-multiple: how much profits your system captured
Maximum favorable excursion R-multiple: how much profits your system could have captured
Profits
Win
Breakeven
Loss
Quantity

Afterwards, you can analyze the data for the following:
% Win
% Loss
% Breakeven
Average Win
Average Loss
Win/Loss Ratio
Expectancy

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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