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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

TradersWatcher is an innovative trading journal that captures the crucial aspects of a trader's performance that typical statistics overlook, specifically the execution of trades and the emotional state of the trader at the moment of decision-making. An Expert Advisor provides real-time streaming of every trade fill from MT4 and MT5, offering insights into latency, slippage, spread at fill, requotes, and partial fills—key metrics that a simple CSV export cannot capture—while also evaluating broker performance based on actual outcomes. For traders using platforms other than MetaTrader, the system accommodates imports from 14 different broker and exchange formats, utilizing AI-assisted mapping for any unfamiliar data and ensuring deduplication to prevent duplication during re-imports. Each trade is detailed with its respective setup, emotional state, intensity, and a flag indicating adherence to the trading plan, followed by a brief spoken review that is recorded and transcribed after each trading session. Comprehensive statistics are then generated based on various parameters such as setup type, time of day, trading session, day of the week, trading symbol, and emotional state. Additionally, proprietary traders benefit from a robust rule engine featuring 15 preset configurations, all tailored to operate within the firm's specific timezone. Importantly, it does not engage in placing orders, sending signals, or mirroring trades. Instead, it serves purely as a reflective tool for traders to analyze and improve their performance over time.

Description

Maintaining a trading journal is essential for avoiding impulsive and erratic trading behaviors that can lead to significant financial losses. This practice ultimately enhances your proficiency as a trader. Instead of relying on various templates and logs that require tedious daily updates, consider using TradingDiary Pro, a straightforward tool designed for tracking trading performance. It offers seamless one-click import capabilities, diverse configuration options, insightful statistics, and practical reporting features. The intuitive visual charts facilitate a deeper understanding of the psychological aspects of trading, helping you recognize and rectify recurring mistakes while managing your emotions. By utilizing this tool, you can take significant strides towards enhancing your trading effectiveness and achieving the level of success you've always aspired to. Additionally, effective risk management is crucial in trading, particularly when using leverage, as it not only minimizes potential losses but also safeguards your trading account from complete depletion. Embracing these practices can lead to a more disciplined and prosperous trading journey.

API Access

Has API

API Access

Has API

Screenshots View All

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Integrations

MetaTrader 4
Ally Invest
Charles Schwab
DEGIRO
FXCM
Fidelity
Interactive Brokers
MetaTrader 5
Microsoft Excel
NinjaTrader
Qtrade
Questrade
Scotia iTRADE
TD Ameritrade
TradeStation
cTrader
tastytrade
thinkorswim

Integrations

MetaTrader 4
Ally Invest
Charles Schwab
DEGIRO
FXCM
Fidelity
Interactive Brokers
MetaTrader 5
Microsoft Excel
NinjaTrader
Qtrade
Questrade
Scotia iTRADE
TD Ameritrade
TradeStation
cTrader
tastytrade
thinkorswim

Pricing Details

$0
Free Trial
Free Version

Pricing Details

$149 one-time payment
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

TradersWatcher

Country

Canada

Website

traderswatcher.com

Vendor Details

Company Name

TradingDiary Pro

Country

United States

Website

www.tradingdiarypro.com

Product Features

Product Features

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