The Forex Trade Log - Multi-Leg Trade Input

Finally a way to record multi-leg trades!  The allocation breakdown allows you to show each of the legs of your trade, separately and together – all at once.

 

Whether you feather-in, feather-out, or use one of the many loss-recovery strategies, such as stop-and-reverse or cost averaging, this is the ultimate way to record those entries and exits.

Use the allocation breakdown button to simply and easily record each part of a multi-leg trade. Mathematical computations are automatically done for you based on the data of each input.

Pips won or lost are shown in 4 different ways:

  • Working pips: the comparable number of pips that the sum of your total lot size would have made or lost.
  • Maximum pips: The number of pips that the leg that went the farthest made.
  • Raw pips: the sum of all the legs added together.
  • Effective pips: if you began your group of trades with an initial position, and then added on, or entered additional trades in a loss-recovery mode, this is the measure of how much workpower your initial trade yielded.

The Trade Input tab will then list the number of legs taken, e.g., "This is a 3 part trade", and show the net result of the entire group of trades all together. The individual legs are always still available for review under the Allocation breakdown heading.

Yours beats them all

"Recognizing value isn’t hard to do with a quality product such as yours. I have hunted and tried dozens of trading logs, both online and spreadsheet, and position sizing apps - from what I can see yours beats them all. I am certainly looking forward to using both – can’t wait to enter data from my brokerage account for analysis." ~ David W