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Myfxbook analytics documentation & hourly charts

jjcadiga (jjcadiga)
May 17 2020 at 04:38
3 posts
I am happy to have found the profile analytics that I can use for all of my systems. I've spent years coding these types of analytics and having finally stumbled upon this site, am very grateful to be using the powerful platform now.

However, I need to know if there is any documentation available for these analytics that describes exactly what is going on behind the scenes. For example, I want to look at the hourly charts breakdown, but I am unsure if the chart is created using trade open or close data. I see that open & close is an option on the 'custom analytics' -> timing panel, but it seems that this toggle does not actually change the output data on this chart. It seems this toggle is used for a different calculation, somewhere else.

Can anyone point me in the direction of deeper 'behind the scenes' documentation of how this analytics platform works... if it exists? ...maybe I have overlooked it somewhere, but have not been able to find it myself. Would be much appreciated!

In god we trust, all others must bring data.
Staff (Staff)
May 18 2020 at 08:15
1387 posts
Hi jjcadiga,

On the Myfxbook's account page, you can see the trading history along with their analytics when each column shows its related value (such as pips, duration, open time, close time, etc').
Next to the trade, you can see the trade's analytics. This chart shows a normalized progress curve of each trade as it happened (when possible to calculate). In other words, it is a small image showing the open and close points and the most profitable price will also be marked as a point on that image.

The 'Hourly' tab on the 'Advanced Statistics' chart is based on closed trades.

The 'Custom Analysis' > 'Timing' shows trades according to their open/close dates according to the option you've marked. This will show that calculated data on the custom date you've set.
For example, if you have set a custom date of 1 week (by clicking the 1W button) and also check the 'close' in the timing, the calculated data will be of all the trades that were closed during the custom period.

All the 'behind the scene' documentation that you're referring to is actually detailed on the Myfxbook account page itself.

Kalestont
Jun 21 2020 at 14:47
10 posts
Analytics and statistics are the most important components of an effective presence on the market, because this is what allows you 1. to act according to the plan, understanding what guidelines are in the market today, 2. to find your strengths/weaknesses to optimize your actions.

Marton64536t (Marton64536t)
Jun 23 2020 at 08:55
6 posts
All information is available on the site

LyudmilLukanov
Oct 11 2020 at 04:01
361 posts
Kalestont posted:
Analytics and statistics are the most important components of an effective presence on the market, because this is what allows you 1. to act according to the plan, understanding what guidelines are in the market today, 2. to find your strengths/weaknesses to optimize your actions.

Statistics are important for trading strategy. Every trading strategy should be back tested and statistics will show it is profitable or not.

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