Program for accounting and analysis of transactions PirateTrade: features and settings

Exchange trading requires any market participant to strictly follow the intended trading plan. Any retreat or loss of self-control leads to an increase in risks and the number of losing trades. Keeping a personal diary helps to identify the weakest sides of the deal plan. The article provides an overview of the PirateTrade program, its main functions, rules of use.

Overview of the Pirate Trade platform

The PirateTrade platform is a simple and multifunctional trader’s diary that helps to keep complete trading statistics on all transactions made. The user gets the opportunity to evaluate their trading transactions and highlight the most significant reasons for receiving losses. The main functions of the program include:

1. Loading statistical data in manual mode or direct import from the trading terminal. The program includes the ability to import from the most popular exchange platforms.
2. Analysis of the number of profitable and unprofitable trades.
3. Yield analysis.

To work with this functionality, the platform is equipped with several types of filters that allow you to highlight the most important objects for study. A detailed breakdown of the functionality is given below.

Data in the platform

The PirateTrade platform allows you to upload data in two ways:

1. Manual mode.
2. Import mode from the trading terminal .

In manual mode, the user can independently fill in the statistics. It is possible to set the time: all day, week, duration of the transaction. Additionally, the type of asset, the volume of the transaction, its outcome after closing are loaded. It is also possible to distribute data by asset and opening direction. In the statistics export mode, the user can download historical data from the terminals: MT4, NinjaTrade, Cooper’s Drive,
Quik ,
Transaq . Additionally, it is possible to download and distribute data to different accounts. After downloading the statistics, the trader receives full reporting for the selected period of time.

Trade analysis

This function has the widest functionality for analysis. So the trader gets the opportunity:

1. Filter transactions by profitability and profitability.
2. By type of asset.
3. According to the level of profitability in%.
4. By commission fees in %.
5. By time.

The most efficient and useful option is the time filter. So the user has access to statistics on the time of opening transactions. You can identify the most profitable trading time for a certain asset, or exclude time intervals for entering the market.

Add-ons

Additional options include the presence of various filters and the possibility of graphical statistics on losses and profits. The user can control the profitability of assets on the chart by setting a time filter and direction. Additionally, it is possible to control the most successful and unprofitable trading days, the time of holding and closing deals, the volume used and the levels of stop loss and take profit. https://articles.opexflow.com/software-trading/platformy-dlya-tradinga-na-fondovom-rynke-europe.htm

Who will benefit

This program is useful for traders with any trading experience. It allows you to control trading on the maximum possible number of parameters and point out the most important mistakes, when they were made, on what asset and using what volume. So it becomes clearer to the trader what he is strong in, and what it is better to refuse.
The platform is also useful when testing new trading strategies, individual indicators or assets. The user will be able to see at what point the volatility of the asset most often increases, which direction of the transaction is the most profitable, given the volume used.

How to use PirateTrade in practice

Next, we describe a complete step-by-step instruction on using the platform. Platform developers offer the opportunity to get acquainted with the possibility of software using a test version. This version includes arbitrary statistics from several accounts. So here are the step by step instructions:

1. You need to go to the developer’s site.
2. On the right side of the page, find the form for getting a test version.
3. Enter your name and email address, click on the “Get a test version” button.
4. Download and install the program.

After launching the platform, the user receives virtual statistics from several different accounts. The program is conveniently divided into 4 main parts, according to filtering methods:

1. Time filter . By operating with time intervals, you can get statistics on transactions both for any period in the history (loaded interval), and for individual intervals of the existence of a particular transaction.
2. Account filter . Allows you to open the statistics of a specific account (if there are several).
3. Asset filter . It helps to open statistics on a certain asset and determine its profitability.
4. Data screen . It is located in the center of the platform and includes all the necessary information on the asset, time, profitability, losses.

At the top of the platform are tabs for additional filters. Next, we will describe an example of importing statistics from the MT4 terminal and a detailed analysis of the functionality.

1. Open an MT 4 terminal with a connected trading account.
2. Go to the “Account History” tab and select the statistics time interval, for example, 3 months.
3. Open tab properties and “Save as report”.
4. Open the PirateTrade diary and click on the gear icon.
5. Select the “Import Data” option.
6. Next, you need to specify the path to the saved report, and select the “MT 4” template in the lower part of the window.
7. After downloading the report, it will be available for use.

The user then has the following options:

1. Highlight the exact time interval on a three-month history.
2. Set the direction of previously opened deals.
3. Specify which assets to include in the statistics.
4. Determine the amount of profit and loss.
5. Go to the “Summary statistics” section for a full review of the report on all parameters.
6. The “Diary” tab will help you determine the most successful and unprofitable days or weeks.
7. The “Trades” tab can be used to detect errors in the direction of open trades, taking into account time and volume.

The most recent options are Trades and Positions. Here you can highlight the most profitable transactions by asset and direction. This is how a convenient asset, time and direction for working with it are determined. You can control the level of your trading by turning on the chart function. It shows only the trading chart for the selected period of time. It helps to visually control your work on a specific asset. PirateTrade trade log – a program for professional analysis of trader statistics: https://youtu.be/K3A3LlMhWBY

Access

The PirateTrade platform is paid. A free version is also available to the user, but for a period of 1 month. The disadvantage of the free version is the lack of the ability to import statistics from trading terminals and contact technical support. The free platform may come in handy when using it for the first time, in order to familiarize yourself with the functionality and capabilities of the program.

Conclusion

Keeping your own diary is an integral part of the work of a stock trader. The PirateTrade platform has full functionality that no other statistics section of existing trading platforms can boast of. The user gets the opportunity to visually determine their weaknesses, according to a variety of parameters, take them into account in the future and in many ways increase their level of skill.