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!
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.
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.
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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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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