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How to Individually Track Multiple Trading Systems In The Same Account

If you only have one trading account, it can be tough to track the performance of multiple trading methods since all the trades are mixed together. How do you know what the starting balance is for each trade? How can you mark each trade with the trading method used? This post will show you exactly how to do it.

Home / Trading Journal / How to Individually Track Multiple Trading Systems In The Same Account

By Hugh Kimura

juggle-multiple
Photo: Gabriel Rojas Hruska (bluefade) via Flickr CC

The Problem: You only have one trading account, but you want to track multiple trading systems individually.

Doing this can make you feel like a circus clown, juggling multiple systems at once. Keeping track of the performance of each trading method can be a painful experience.

But it doesn't have to be. This post will show you the easy way to automatically journal your trades, then tag each trade so you can track the performance of each individual trading system.

The Solution

Luckily, this is easy to do with MyFxBook.  Once you setup your account, MyFxBook will automatically start to journal all the trades you take.

After you a few trades available login to your account.  When you click on the History tab, it will look something like this.

history-tab-myfxbook

Then click on the tag icon on the left side of each trade. This will show the tags dialog box.

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add-tags-to-trades-2

Click on the Edit Tags link to create a new tag.  You can choose a different colors to represent the different methods you are trading.

create-a-new-tag

 

After the tag is created, it will appear in the Tags Available section.  Click on an available tag to tag that trade. Tag all of the trades with the method you used to take that trade.

SEE ALSO: The Trading Books That Changed My Life

After all of your trades are tagged, it is now time to see how each method is performing. Now go to the top of the screen and click on the Custom Analysis link.

custom-analysis

A box will appear that will give you different options on what you want to analyze. Click on the Tag tab to choose a tag or multiple tags.

Check the boxes of the tags you want to analyze.  In this example, we are going to examine the performance of the Pivots system.

Click on the Analyze button to show the custom analysis.

analyze-and-tag

Now the data that you see on the screen will only be shown for the trading systems that you chose. This is how only the Pivots system performed during the reporting period.

growth-chart

Conclusion

As you can see, this method makes it super easy to track the performance of individual trading systems within a single account. Since most of the journaling work is already done for you, all you have to do is add the right tag to each trade. The best part is that MyFxBook is absolutely free.

 

Related Articles

MaxR vs MFE: Why You Need Both
How to Setup a Free Forex Trading Journal with Trello (and Loom)
3 Painless Steps That Ensure You Always Fill Out Your Trading Journal

Category: Trading Journal Tag: MyFxBook

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and researcher. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: August 26, 2014
Last updated: May 17, 2020

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Trading involves substantial risk and there is always the potential for loss. All content on this website is for educational and informational purposes only and is not trading, investment, or medical advice. You should be aware of the risks associated with trading and seek advice from an independent certified financial adviser if you have any doubts. Some links on this page might be affiliate links, where we get a small commission if you purchase through the link. It doesn't cost you anything extra and we only recommend products that we absolutely love. This site uses cookies and using this site means that you agree to the use of cookies.

 

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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