I’ve launched a beta version of a new online Forex report analysis tool that can show a lot of different metrics based on MT4/MT5/Oanda account reports (and MT4/MT5 Strategy Tester reports):
https://www.earnforex.com/report-analysis/
This tool is completely free and will always remain such. As I have already said, it’s still in beta-testing period, but is already quite functional. It can calculate the following metrics:
Gross profit/loss
Net profit in $ and pips
Total/lost/won positions
Short/long trades â total/lost/won
Positions with TP/SL
Triggered TP/SL
Average TP/SL outcome
Profit factor
Expected payoff
Recovery factor (Calmar ratio)
Maximum consecutive profit/loss
Average winning/losing streaks
Absolute/maximum/relative drawdown
Commission/swap
Largest/average loss/profit
Reward-risk ratio
Sharpe ratio
Sortino ratio
Ulcer index
AHPR
GHPR
Standard deviation
Z-Score (and Probability)
Total/average duration of trades
R-Multiples
Losses in a row
Risk of ruin
It displays the following charts:
Balance on time
Profit on trades (with Linear Regression and Correlation)
Losses in a row
Pie charts for winning/losing/total positions, short/long trades, gross profit/loss and duration of winning/losing positions if report is for more than 1 currency pair
This online tool can calculate its metrics for 4 main periods:
Daily
Weekly
Monthly
Yearly
Works with the HTML (no .csv sorry) reports of the following platforms:
MetaTrader 4
MetaTrader 5
Oanda
MT4 Strategy Tester
MT5 Strategy Tester
MT4 Strategy Tester report merged by MQLsoft’s ReportManager
It’s a great tool if you want to measure the efficiency of your Forex strategy, especially if you are using demo account trading on multiple currency pairs or want to assess different time periods of your trading results. A deeper analysis of the strategy tester results are also quite helpful for further optimization.
I’d like to hear your opinions and suggestions â is it a useful tool? What should be added? What features are the most useful? What report types should be supported?
Update 2011-04-23:
Fixed starting balance display format.
Fixed balance chart display for some MT4 reports.
Fixed pie charts display (particularly when more than 10 trading instruments are analyzed).
Update 2011-04-24:
Fixed problems with analysis and display for reports with either only winning or only losing positions.
Fixed minor Risk of Ruin calculation bug.
Fixed pie charts bug when no data to display.
Fixed minor flow in Losses in Row chart display.
Fixed minor problem with HTML markup.
Fixed Main Data table display for reports containing only one currency pair.
Fixed problem with recognizing MT4 Strategy Tester reports in languages other than English.
Fixed negative Linear Regression chart display.
Update 2011-04-26:
Fixed Ulcer index and GHPR calculation for reports with only one currency pair.
Update 2011-04-27:
Fixed issues with exotic character encoding types.
Fixed pie charts displaying zero values in some cases.
Update 2011-05-06:
Added metric breakdown by weekdays.
Fixed Oanda position volume display.
Update 2011-05-09:
Added annualized ROI calculation.
Update 2011-05-10:
Added 3 different types of ROI and modified the way it’s calculated.
Update 2011-05-11:
Added Summary table with the basic report statistics.
Update 2011-07-10:
It’s out of beta!
If you want to make a suggestion for the report analysis tool or report a bug in it, please feel free to submit them using the commentary form below.
