Aggregate positions added to Trades

June 20th, 2012

With over 3,000 Trade Explorers actively synchronizing with brokerage accounts, we can now develop some very insightful applications using the aggregate data. Our first such creation is an application called Positions. Located on the Trades page, under the Leaderboard, Positions gives unprecedented insight into how forex traders are currently positioned in the market.

Positions only includes live accounts (no demos), and goes far beyond the traditional long-short ratio. For example, it displays ratios in terms of both traders and lots, tells you which traders are long and how many lots they’re carrying, shows you the lot-weighted average entry for all trades, and it displays historical ratios via interactive graph!

The aggregate numbers are made fully transparent by listing every trader that makes up the aggregate. For traders who have their Trade Explorers set to ‘Public,’ you can click through to their Explorer to see details about their position, and for those set to ‘Private’ or ‘Buddies,’ their positions are included in an anonymous format. Please note that traders who opt out of data aggregation (via Trade Explorer permissions) are not included in aggregate metrics or lists.

While there’s a bit of a learning curve, once you master Positions it can be a powerful tool that improves your edge in the market. If you have an idea for making it more useful, or if you run into any bugs, please let us know!


Posted by Scot, Forex Factory Senior Developer

Live spreads added to Brokers

June 4th, 2012

Traffic to the brand-new Brokers product has exceeded all expectations — we’re glad you guys like it!

We recently launched several new features that make the broker guide even better! Most notably, the spreads now update live! So not only are spreads real-time, but they now automatically update in sync with the brokers’ platforms. :)

For live spreads just check the ‘Live’ option in the top-right of the Spreads section, or use this permalink: http://www.forexfactory.com/brokers.php#spreads

When spreads are live, a green flash signals the spread became more favorable to the trader (tighter), and a red flash signals it became less favorable (wider).

Another cool improvement is that you can now pare down the list of brokers by where they’re headquartered, their regulator, or who they service. You can also select specific brokers for comparison purposes — it’s all part of the Flex Box settings.

We hope you like the new features! If you have any ideas for further improvement, please comment or contact us!


Posted by Sidney, Forex Factory Director of Marketing

New product: Brokers

May 7th, 2012

We’re pleased to announce the beta-release of Brokers, a highly advanced guide to regulated forex brokers. This new product is a breakthrough in the way traders research brokers, finally combining up-to-date information, extensive detail, real-time spreads, and a versatile interface that makes it easy to sort through it all!

While all information on the broker guide is kept fresh, the spreads are real-time! All spreads are pulled from each broker’s standard live account (no demos) with mere millisecond of lag (click the icon to refresh). With the built-in sorting feature, you can even sort the brokers by the pair that you trade most!

You can learn more about the administration and design of Brokers in the ‘About Brokers’ box. We hope this new product helps you find the broker that best suits your trading! :)


Posted by Sidney, Forex Factory Director of Marketing

Get a fresh start with Trade Explorer

March 20th, 2012

With the new ‘Custom Start’ feature, you can now specify a date that your Trade Explorer begins including brokerage account history. Strategies change, styles evolve, traders become smarter — all are good reasons you might want to exclude old performance from your metrics. While traders shouldn’t forget lessons of the past, it’s a lot easier to analyze performance when irrelevant trades are excluded.

To set up a custom start date, click ‘Options’ at the top-right of your Trade Explorer, and enter a date in the ‘Custom Start’ section, as shown below.

You may have also noticed that we recently changed the graph setup on the ‘Overview’ tab. Instead of one Flash-based graph, the Trade Explorer now has four image-based graphs on the main tab. This change gives you a thorough overview of the account with just a glance, plus it loads faster because it’s no longer based on Flash technology (which was our initial motivation for changing).

The new graphs also interact with the ‘Performance’ table rows — click the small blue icon on each row to make the graphs represent only that particular period. This is a handy way to zoom in on performance for the year, month, week, or day.

Haven’t tried the Trade Explorer yet? Get started here! Or if you have feedback or ideas for improvement, we’re always glad to hear from you.


Posted by Danny, Trade Explorer Product Manager

Impact icons added to Market chart

January 24th, 2012

Our newest feature interconnects three Forex Factory products — the Calendar, News, and Market — to bring you unprecedented insight into how fundamentals are affecting the market.

As shown above, news stories and calendar events are represented by the familiar factory-shaped impact icons at the bottom of the Market chart. Clicking the icons will bring you to the corresponding news story or calendar event for more detail. Impact icons can be turned on or off from the options below the chart, and only News impacts are turned on by default.

Give it a try and let us know what you think!


Posted by Michael, Forex Factory Product Developer

New product: Trades

December 11th, 2011

We’re pleased to announce the beta-release of Trades, a new product that tells you who’s buying, who’s selling, and who’s winning! :)

The data for Trades is aggregated from members sharing their Trade Explorer information (i.e., permissions set to ‘Public’), and the default settings only show activity from live brokerage accounts (i.e., no demos). Best of all, you can trust that the performance metrics are legitimate! The live/demo distinction cannot be faked on the Trade Explorer, and as we confirmed last month, all trade statistics are based on equity, so open positions are included in the metrics.

While the default settings only show live accounts, Trades is based on our Flex Box technology, so you can customize the content of the Trade Feed and Leaderboard applications.

There’s also a very useful filter on the Trade Feed. You can adjust the setting to show only your buddies’ trades, or only EUR/USD trades, for instance.

The default Leaderboard shows which traders are having the best month, and it can also be configured to display annual or weekly periods. To help keep the rankings pure, only Trade Explorers with equity greater than 100 currency units (dollars/euros/pounds/etc.) are included in the rankings, and commercial members are excluded.

So there you have it — a powerful new tool to assist you in your pursuit of profits! :)

Please comment or contact us to share your thoughts. We love to hear your feedback!

PS, If you don’t have a Trade Explorer yet, get one here!


Posted by Sidney, Forex Factory Director of Marketing

Explore charted trades

November 29th, 2011

You’ve probably seen this awesome feature on the more advanced trading platforms — and now the Trade Explorer has it too!

To open a charted trade, just click the chart icon () for any trade on the Trade List tab. You can also option to show other trades on that instrument by checking ‘Show Surrounding Trades.’

Haven’t tried the Trade Explorer yet? Get started here! Or if you have feedback or ideas for improvement, we’re always glad to hear from you.


Posted by Danny, Trade Explorer Product Manager

Trade Explorer: for pro traders

November 25th, 2011

If a hedge fund manager tells you he’s “up 8% this month,” he’s invariably including the profit/loss of his open trades. That’s because the financial industry speaks in terms of equity, which includes the marked-to-market value of open trades. And it’s that way for a reason — the profit/loss on an open trade is every bit as real as on a closed trade, and performance metrics can be completely misleading when open trade activity is excluded.

As Product Manager for the Trade Explorer, I hear from members who are concerned that their Trade Explorer’s statistics are not as favorable as shown on other sites offering trade analytics. Most of the time the discrepancy is due to the trader carrying open losses in their account, which are only being accounted for on their Trade Explorer.

To illustrate this point, I opened a demo account and entered ten random trades. Then I closed the five trades that were winning and left the losing trades open. Here are a few metrics, for the same account, from Trade Explorer and Myfxbook:

Trade Explorer Myfxbook
(more stats) (more stats)

The account performance looks a lot better on Myfxbook because their statistics are based on balance, thereby ignoring the huge open loss. Since the Trade Explorer’s statistics are all based on equity, the open loss is reflected throughout all metrics, making the performance appear worse.

It’s not just these top-level statistics that are affected by the choice of equity or balance. Periodic metrics (e.g., How much did I make yesterday? How much did I make last February?) will change dramatically depending on how open trades are accounted for.

Out of the other eight sites we know of offering Forex performance analyzers, half of them are mostly balance-based, three are somewhat equity-based, and only one does a good job of reporting equity throughout. Since the Trade Explorer is one of the two analyzers that is completely equity-based, there’s a good chance your performance will, at times when you have an open loss, look worse on the Trade Explorer than elsewhere.

While this may keep some people from using the Trade Explorer, equity-based statistics are a must for professional traders. And professional traders are who the Trade Explorer was built for! We went to great lengths when developing the product to ensure that it was in line with financial industry standards, and that everything was based on equity.

Btw, we know balanced-based statistics do have their use. They can be helpful in performing what-if scenarios, for example. That’s why the Trade Explorer was built with an ‘Equity/Balance’ toggle that allows you to flip to balance-based statistics when needed.

If you have any questions or feedback, please send us some mail!


Posted by Danny, Trade Explorer Product Manager

600 ways to explore your performance

November 22nd, 2011

When we launched the Trade Explorer there were 60 graph combinations available. With the overlay graph feature added today, there are now more than 600 possible combinations! Here’s just a few of the insightful graphs you can now produce:

  

  

Overlay graphs replace the single y-axis with two y-axis scales, one on the left of the graph and one on the right. Both axes can be adjusted with the options below the graph, giving you the flexibility to analyze your trading performance however you want. After some practice with the graph you’ll be able to quickly find answers to questions about your performance, and you’ll begin to understand your strengths and weaknesses from a visual perspective.

Oh, and now you can modify the graph colors too. :)


Posted by Michael, Forex Factory Product Developer

Expand your Trade Explorer

November 15th, 2011

It just got a lot easier to access your Trade Explorer! Today we launched the ‘Expand’ functionality — a link at the top right of your Explorer which expands it to a full-page view. It’s like having the Trade Explorer’s four tabs open all at once, and the expanded URL can be bookmarked for quick future reference.

Speaking of bookmarks, we’ve implemented a number of “permalinks” into the Trade Explorer. Most of the links within your Explorer will now update the browser URL, which can then be bookmarked or sent to a friend. For example, all of the following links work for aediaz1′s Trade Explorer:

- Overview tab: forexfactory.com/aediaz1#22
- Trade Report tab: forexfactory.com/aediaz1#22-report
- Trade Graph tab: forexfactory.com/aediaz1#22-graph
- Trade List tab: forexfactory.com/aediaz1#22-list
- Trade List page 2: forexfactory.com/aediaz1#22-list+pg2
- All expanded: forexfactory.com/aediaz1/22

Please contact us if you find any issues or have a request. I handle all Trade Explorer support, and I can tell you the product wouldn’t be nearly as good without all the feedback from you guys!


Posted by Danny, Trade Explorer Product Manager