Become a profitable trader Learn How?

20
Jul

0

Leveraging The Holding Time Analysis For Your Trading

Edgewonk provides detailed statistics about your holding time – how long your trades are open from the time you enter the trade until you close it. You can find the holding time tool under Trade Management >> Holding Time. However, to get the most out of your Edgewonk journal, here are a few tips and things to look […]

15
Jul

0

The Chartbook – Keeping All Your Trades In One Place

With the Chartbook, Edgewonk is making another step towards offering a complete trading journal that contains everything a trader does. A trader can assign 2 screenshots to each trade that will be then stored directly in your Edgewonk trading journal. Under Chartbook, Edgewonk displays all your trades in an album-like manner. You also find individual trade statistics […]

26
Apr

1

Inspirations For Using The Egdewonk Comments

Before you can start entering trades, you should go to the Settings are and set up your new Edgewonk journal. Here you enter new comments, add instruments, setups and more.   The comments for entry, exit and trade management act as “tags” that you can then later assign to your trades when you enter them. […]

26
Apr

8

Custom Statistics Usage Examples

The Edgewonk Custom Statistics are one of the most powerful tools available in our professional trading journal – why? Because you can use them in any way you want, combine them with the other already powerful Edgewonk evaluation tools and completely customize your journaling experience.   Here are some usage examples to spark your creativity:   […]

26
Apr

7

Getting Started With The Simulator

The Edgewonk risk simulator provides a variety of benefits that can help you to understand your trading performance on a much deeper level and it also helps you adjust and improve your risk and money management.   What is the risk simulator? The risk simulator takes the parameters and statistics of your current trading performance and […]

26
Apr

3

The Difference Between R-Multiple And Reward:Risk

The concept of ‘R’ or ‘R-multiple’ is popular among traders and the Edgewonk trading journal also uses this metric repeatedly in different ways. It is similar to the conventionally used Reward:Risk ratio with a few distinct differences.   Measuring Reward:Risk This is a straight forward 4 steps process: You evaluate the potential price levels for your the […]

25
Apr

4

How To Use The Updraw And Drawdown To Tweak Your Trades

Everyone ties to make better trades, ride winners longer, cut losers earlier and increase their overall winrate. But, how do you get there and what is needed to make sustainable and meaningful changes? Most traders change their approach on a trade-to-trade basis, without ever backing their changes up by hard numbers. Edgewonk can help you […]

25
Apr

15

How To Use The Trade Management Tab Correctly

A trader who isn’t working on his trade management approach is usually leaving A LOT of money on the table. From our experience, and from working with hundreds of traders, we know that wrong trade management can make the difference between a losing and a potentially profitable trader. Just think about all those trades where […]

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