Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

A fast trading scalper makes 50 round trips per day and wants to look at a monht's trading in UTA. Must the trade data for each of these 1,000 + trades be entered manually? Does UTA read raw trade data exported from any of the most popular trading packages?

 

In additiion to a list of trades, Periodical Returns, and performance graphs, below is a list of fields where data is returned for total trades, long trades and short trades for users of Trade Station. All of these reports are available at a click for any time period

 

The question here is does UTA present any data not represented here and if so what and what is it's value?

 

All of these trading stats are free and are available with just a couple of clicks in many packages. What is the cost of UTA?

 

tpt073.jpg

 

 

tpt074.jpg

 

 

tpt075.jpg

Share this post


Link to post
Share on other sites

UrmaBlume

 

Hi,

The quick answer is: yes, there is a way to copy your trades into UTA.

If you have a trade platform that can dump out selected information from your trades into a text or csv file, then that file can be opened in Excel and the trade information copied/pasted into the UTA. There are eleven pieces of information that UTA uses:

 

Date (needed - mm/dd/yy),

Session (needed - morning, afternoon, other, end of day totaling, end of week totaling)

Filter A (not needed - some type of indicator or method)

Time (needed - hhmm in 24 hour military time)

LongBuy Price

LongSell Price

ShortOpen Price

ShortClose Price

Setup Type (needed for analysis of setup types if there are more than one)

Exit Type (not needed)

Filter B (not needed - some type of indicator or method)

 

Also:

The last trade of the day has a blank row after it for totaling the day

The last trade of the week has a blank row after it for totaling the week along with the Session label of "Week"

The last trade of the month has a blank row after it for totaling the month along with the Session label of "Month"

 

So either program trade platform to write the trades in this format or do it manually in excel, then put them into the log.

 

I am working on a read utility to read trades from another spreadsheet - identifying the specific column where the information is located. The utility will then cycle through the trade rows and add them to the UTA with the correct end of day/week/month labels.

 

With regards to your comments about the analysis that most trade platforms perform - UTA does not provide all of this information - most of it is pretty useless.

UTA does let you analyze the group or a definable group of the trades and see a breakout analysis of return and equity curves for time of day, day of week, trade type, session type,

and performance metrics. Most trade platforms cannot do this without programming. This is very powerful for finding the best times to trade and minimizing your trade time. It also lets you see some interesting trade histograms (distributions) to help you understand the personality of your trade system. There is also a money management feature that lets you apply risk and money management rules and then see how the set (or subset) of trades would have ended up. This also lets you study how consecutive losing episodes and draw- down episodes would have affected the equity curve.

 

UTA is not for everyone. It takes some effort by the trader to actually log trades. Netpicks encourages their trading students and clients to do manual backtests - to really see how every trade worked out. Although this can be done automatically by a platform - it is more of a mindset to want to take the time to study your trade results. Just including a handful of indicators and hitting the optimize button on Tradestation and hoping for the best does not lead to very good trade systems. UTA is meant as a tool for serious traders that want to improve their trading skills through study and assessment of past trades and results. As such, UTA can help a trader.

 

If you are interested in finding out more or would like some assistance in reading your trades from another system - feel free to email me at: barry.e.miller@gmail.com

 

I would be happy to assist you in any way I can before you make any commitment to spend money.

 

Thanks

 

Barry Miller

Trade Log Analytics

Share this post


Link to post
Share on other sites

Thanks for the thorough reply Barry. UrmaBlume, I hope that answers your questions. You did ask how much the UTA sells for. Typically, it has sold for about $300. Please feel free to follow up with more questions and either Barry or myself would be happy to respond in kind.

 

A few ways that I have personally found great value in using the UTA is when I sit down to workout a tradeplan or to design a trade system. For me, I have to manually enter the trades, one by one to really get a feel for what I'm trying to achieve. I can't possibly explore or manually backtest all the possible opportunites, markets, timeframes, etc. So I settle on a few good ones and go from there. The UTA gives me a way to quickly witness the wins and losses, trade by trade. I can scan down my win/loss column and quickly get feel for the relationship between the wins and losses. I can see the losing streaks, subsequent winning streaks, and this might sound strange, but I can feel that level of discomfort when I post the 5th losing trade out of the last 7, for example. Then, when I see the next 16 out of 18 trades win, and a new equity high, I begin to get a deeper understanding of what trading this system will be like. When I notice that despite the losses that are randomly scattered throughout, I can quickly see that my system is growing its equity, the overall session stats are solid and the weekly results are solid. My confidence finally achieves a level that is necessary for my ability to trade the system in a disciplined, business-like way. You can't possibly get that kind of 'thing' from an automated backtest, in my humble opinion. Logically you might be able to, but psychologically, I don't think so. And trade psychology is the make or break (usually break) for most traders. For me, it is exactly that kind of thing that has made all the difference for me as a trader.

 

My trade style seems a lot different though than what you described in your question. I used to try to trade with the high level of frequency you described but not anymore. My approach is to try to get a steady and consistent winning record, day after day and then get out of the market. So I only need to see my system working during my designated trade time and that helps mitigate the amount of work required to track trades in UTA, manually. Consequently, I find keep my trade costs way down and find myself trading smarter, not harder. Then I could go play with my kids.. :)

Share this post


Link to post
Share on other sites

Lost and Urma Blume

 

MAE, MFE require more price information than is collected in the manual trade posting of UTA. They require high and low prices while the trade is open - and on each bar to plot it out correctly and make it useful for analysis in helping tighten or loosen stops, amongst other things. UTA does not analyze this.

 

You are correct in that many trading platforms provide this information on a trading system that a user programs into the trading platform. But what if you are a trader that does not, or chooses not to use a programmed trading system? Then you do not have access to this information. And this is where the UTA is helpful.

 

Many of the traders that attempt to program trading systems are wasting their time taking pot shots in the dark with a myriad of useless and worn out trading indicators. They spend endless hours testing ill-conceived concepts that defy logic - looking for the perfect system - the Holy Grail of trading. Without fail, they will do no better than the randomness that the market provides over any length of time. In other words - they fail to develop anything useful and waste a lot of time surfing trade sites and discrediting other peoples hard earned success.

 

Until the trader is prepared to study and learn from their individual trades - and not just test random indicator based "systems" - they will not really understand how to improve their trading. This concept is born out by the success that many Netpicks traders have with their manual back-testing of trades. And the UTA is just one tool designed to help them improve their trading. They choose to learn and trade this way.

 

I wish you luck with your ongoing search for the Holy Grail.

Please respect our desire to use this forum constructively and find someone else's parade to rain on.

 

Trade Log Analytics

Share this post


Link to post
Share on other sites

TJ, I am concerned that you reacted negatively to me -- I am NOT trying to rain on your parade or denigrate your effort. I would like to offer suggestions to help improve it so it works for a wider audience. But I can't speak for the other poster.

 

You are correct that not every one cares about MAE, MFE. So what would make more sense is if the spreadsheet would allow one to add user columns for the additional info each user wants to save on a per trade basis which your calculations ignore. Not the notes field, but actual columns adjacent to the other input fields, so that cut & paste from an excel export would work.

 

best regards,

LT

Share this post


Link to post
Share on other sites

Lost Trader,

 

Hi - The reply was from Barry - The UTA Developer that programmed the Trade Log for the Netpicks system users. Please send an email to tradeloganalysis@gmail.com. I will be happy to collaborate with you and modify the trade log to accommodate the necessary data and develop the excursion analysis for you. Troy and I appreciate your interest and use of the tool. Hopefully, we can continue to improve it and make it even more useful for traders that use manual back-testing. I look forward to working with you.

 

Thanks - Barry

Trade Log Analytics

Share this post


Link to post
Share on other sites

Just thought I'd stop in and see who was posting what and to answer any questions that someone might have and noticed that my partner Barry has been taking care of it. Thank you Barry! I apologize for being out of the loop a little bit these past several weeks but I've been traveling and working hard on a new trade system. Soon I will be posting some new results from my own backtesting. I was hoping more UTA users would be interchanging ideas by now on this forum but I guess some things just take time to build. I know that many are finding success with their newly found information as they continue to plot their trades into the UTA. I know of one trader who has taken an already proven system and has been manually backtesting a series of data with a filtering idea he has, and so far, his results seem to be bearing out his theory and he has been able to significantly improve his results.

 

The important thing is the use UTA for what it is good or, and not try to make it something that it is not. It is a powerful tool but a tool is only as good as the person using it. Give me a hydraulic hammer and I'd probably shoot myself in the thumb whereas a talented builder would do something a bit more productive with it. The UTA can help you stretch your creativity and imagination as a trader. What you can learn by testing new ideas with UTA can only help you become better as a trader. That is its intention. A broader vision and insight into your trade data can only be a good thing. Most people don't bother of course, but then again, most people fail as traders.

 

LT, thank you for the suggestion. Barry and I have discussed this idea and it might actually find its way into a future version. I'm happy though that you are in contact with Barry directly on this.

Share this post


Link to post
Share on other sites

TJ,

 

How do you change the analysis time intervals in UTA? I tried changing them in the data entry tah, but they don't seem to carry forward to the other tabs (e.g., Time Of Day tab). I want to look at half hour windows rather than the default ones.

 

Thanks!

Share this post


Link to post
Share on other sites

Karl,

 

Sorry for the delay in answering this post. Did you figure out the answer to your question? You make the changes in the yellow colored fields in the TimeofDay Summary section. You have to click on the 'expand view' button to 'unhide' that part of the UTA.

Share this post


Link to post
Share on other sites

TJ,

 

Dang, I was hoping you would ignore this!

 

Yeah, I figured it out. It helps if you put in time frames that reflect the actual trade data (exchange time) and not local time (Mountain time). I couldn't figure out why, when I changed the first time frame to 650 to 700, I "lost" all the data that I thought should be there. Well, DUH! :doh:

 

All my data starts at 850 echange time, not 650! :crap:

 

All is well, dude!

Share this post


Link to post
Share on other sites

Lol.. Yeah, gee.. That never even occurred to me. I've said it so many times in the live trade room that I just take for granted that everyone is on exchange time :missy:. There's so many people trading with us, all over the world, and many different markets, brokers and exchanges all in different time zones that in order to avoid confusion en masse, we just decided to set all our charts to their respective exchange times. Glad you figured it out.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.