Hello everyone,
I'm a Director at TraderDNA LLC and co-creator of our trade analyzer. In response to this recent thread and the curiosity about TraderDNA, I'll post here and provide some basic information about what our stuff does. We are in the process of developing a new web site and so there is limited information there.
The idea behind TraderDNA is to look back analytically at a designated period of trading , whether it is the last week, the last month or the last 6 months, with the intention of discovering when and under which circumstances you trade best, and when you trade worst. The ultimate goal is identifying when, where, under which circumstances, and what causes your negative P/L (losses) so that you can get to know your performance better and hopefully proactively avoid losses or situations that have historically been losses in the past. Our philosophy hinges upon pure statistics. Our analysis seeks to show the trader what statistically happens (with respect to his own trading) in various circumstances. At what times of the day, in whcih market, which side of the market, which day of week, which trade size, do you trade best, take the most risk, have the most consecutive losers, fail to capture unrealized profit (leave money on the table), trade most frequently, add additional size to winners/losers, etc...
What EXACTLY is the difference between winning and losing trades? What is different about winning and losing DAYS? What exactly causes a losing day for you? What has statistically happened after a large losing/winning day? When you get off to a poor start on the day? A good start on the day?
In short, traders that use our analysis know themselves (as traders) extremely well. That is the intention. This post is quite long now and rather than go on and on I'd refer anyone wanting to learn more to my blog which discusses some of the analysis and I will continue to post to the blog.
Performance Enhancement for Electronic Traders
Hopefully this helps, and I'm happy to answer any questions or speak to anyone in more depth via private message.
Thanks,
David