Question about IB or Edgewonk individual trade reporting

[Cat88]

Hi all,

I've been looking at getting Edgewonk to do some reporting on my trades because I can't find where on Interactive Brokers to get a max drawdown during life of trade statistic and max profitability? (as well as dates of these events)

I also want to know:

• what was the max ITM and OTM position during the life of the trade as well as
• the theoretical max ITM and OTM 30, 60 and 90 days after the position was closed out (i.e. should I have closed out earlier on average or should I be holding on longer to winners).

two questions:
1. Has anyone used Edgewonk for futures trades?
2. Is anyone aware of where I can do this on IB?

thanks

 

[tommcginnis]

TWS is not intended for monitoring individual trades.
I don't know of a professional system that is. (Or why it would be.)

If you wish to monitor individual trades as part of a system (i.e., grouped trades, average hold for profit, average hold for loss, etc), that would need to be done outside of TWS, according to your system's structure.

One way to happily group system trades via IB is to establish an FA account, and then group by subaccount according to system. This helps at tax time, too.

 

[Cat88]

TWS is not intended for monitoring individual trades.
I don't know of a professional system that is. (Or why it would be.)

If you wish to monitor individual trades as part of a system (i.e., grouped trades, average hold for profit, average hold for loss, etc), that would need to be done outside of TWS, according to your system's structure.

One way to happily group system trades via IB is to establish an FA account, and then group by subaccount according to system. This helps at tax time, too.

Thanks for taking the time to reply Tom.

Just trying to compute some stats automatically to improve what I'm currently doing manually, so it's helpful to know I'll need to build it / find another provider

 

[formikatrading]

Cat:

For what it's worth, I have Edgewonk but ended up eventually going with Trademetria because it was easier to use. Let me know if you have any questions about it.

 

[dextor]

Are the trades held in Trademetria confidential?

 

[formikatrading]

Are you concerned with actual trades or your brokerage information?

 

[dextor]

More concern about the actual trades.

 

[formikatrading]

You can ask directly on the confidentiality standards: sales@trademetria.com

Just curious, though, what is your particular concern with the trades? I know from my standpoint while I have all of my trades loaded up, I don't have any brokerage or other confidential info in there.

More concern about the actual trades.

 

[dextor]

It is my belief that posting my trades on any platform would eventually show a few things about myself :
1. how i trade
2. instruments i trade
3. time i trade
4. how often i trade
5. trading style

All these information can be used against you if they have access to your data.
even better, it can be sold to someone else. Of course that might not be the case for the solutions which you have suggested. It's just a nagging concern.

 

[formikatrading]

Got it. I don't have these concerns.

It is my belief that posting my trades on any platform would eventually show a few things about myself :
1. how i trade
2. instruments i trade
3. time i trade
4. how often i trade
5. trading style

All these information can be used against you if they have access to your data.
even better, it can be sold to someone else. Of course that might not be the case of the solutions which you have suggested. It's just a nagging concern.