BOARD

Inside Darwinex – your Trading Journal

14 August 2013

Imagine accessing the diary of a person you had never met before: wouldn’t this afford you in-depth insight into the personality traits of its owner?

At Darwinex that got us thinking: how about a tool providing in-depth insight into any trading strategy?

Thus came about the Trading Journal: it’s a visualisation containing all the trades in a trading strategy, providing insight into its main attributes – particularly its Risk Management – at a glance.

This is what it looks like (just click the image to enlarge it!) and these are its elements.

tradingjournal

Return:

Measures the strategy’s performance from inception, tracking the value of balance every time a trade is opened or closed (i.e. when a new position starts). The performance calculation takes into account (i) the performance of a trade when it has been closed AND (ii) the performance for the trades that remain open when a trade has been closed.

Range Return:

Shows a strategy’s performance over any user-selected period – offering any potential investor a way to track performance for any period of interest… which comes in handy since recent performance mostly differs from performance from inception!

For instance, a strategy initially losing 50%, the recovering to 100% of the initial deposit could yield 100% performance to investors entering at the lowest point! Range Return is designed specifically to get a more accurate impression of a trader’s performance.

D Leverage:

D Leverage is a measure of risk. It tracks the risk incurred by each position in a strategy in terms of average EURUSD volatility. What does this mean?

  • A EURUSD trade with 1:1 utilised leverage has a D Leverage of around 1
  • A EURJPY trade with 1:1  utilised leverage has usually a D Leverage higher than 1 – this is because the EURJPY is more volatile than the EURUSD in average – and thus riskier
  • What is TS Leverage for simultaneous trades in multiple assets? This is where it shines: D Leverage of 6 means “6 times as risky as the EURUSD over the period”, etc. It captures hedging effects, i.e. two highly leveraged trades in negatively correlated assets can result in a low risk trade

What does a constant evolution of D Leverage say about a strategy? The closer a trader sticks to a D Leverage, the better – this evidences that any positive returns are not engineered by leverage illusions (martingales), where winning trades randomly deploy higher leverage than losing ones.

The D Leverage chart on the Trading Journal uncovers strategies deceiving inexpert investors through such illusions: beware of strategies where D Leverage increases on losing positions.

Trading Journal - Martingale

Open trades:

Tracks the number of simultaneous open trades in a strategy. Combined with D Leverage, it is proof of a trader’s skill at keeping risk constant: good traders open new trades without affecting their D Leverage. In short, this is a powerful tool that evidences a trader’s ability to cover risk by opening new trades (hedging). Beware of strategies in which D Leverage increases with new trades: this is conclusive evidence of the presence of leverage  illusions (martingales).

D Score:

Tracks the evolution of a trader’s D Score. Our goal is to maximise the correlation between a strategy’s current D Score and future returns: our success will empower traders with a high D Score to investor capital!

For now, we offer users a predictive tool of immense potential: the evolution of D Score. Please remember that the D Score is driven by performance and skill: expert traders must prove both to be worthy of investors’ capital.

Distribution of trades:

This chart is useful to know at a glance what kind of strategy a trader uses: frequency of trades, assets traded, duration of trades and simultaneous trades.

It evidences whenever a trader has changed his strategy and is also helpful to find out whether a trader is disciplined when following a strategy.

The trading strategy below shows a good discipline. Note how this trader started trading short trades and kept the number of open trades at a time consistent. Note also how his strategy changed: he increased the number of trades open at a time, being the duration of the trades longer.

Disciplined change of strategy

In contrast to the disciplined strategy above, the strategy below shows no discipline at all. The number of open trades at a time varies constantly and the duration of the trades varies as well…you can tell at a glance there is no defined pattern.

Trading journal - Lack of discipline or strategy

Do you have any question about the Trading Journal? Feel free to e-mail info@darwinex.com, we’d love to improve on the above intro.

Last News
dst

Start of Daylight Saving Time 2019

4 March 2019

Please note our amended trading hours for the three-week-long period between the change in the US from EST to EDT on 10th March 2019 and the subsequent change in the UK from GMT to BST on 31st March 2019.

Please note our amended trading hours for the three week period between the change in the US from EST to EDT on 10th March 2019 and the subsequent change in the UK from GMT to BST on 31st March 2019.

 

Instrument Trading Hours in GMT
FX 21:05 Sun – 20:55 Fri (except 21:00 – 21:01 daily) 
DARWINS 21:05 Sun – 21:00 Fri (except 21:00 – 21:01 daily)
COMMODITIES  
Gold 22:01 Sun – 20:55 Fri (except 20:59 – 22:01 daily)
Silver 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Platinum 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Palladium 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US Crude 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Natural Gas 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
INDICES  
Australia 200 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Europe 50 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
France 40 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Germany 30 07:00 – 21:00 (Mon – Fri)
Spain 35 07:00 – 19:00 (Mon – Fri)
Japan 225 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
UK 100 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US SPX 500 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US Tech 100 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
Wall Street 30 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US STOCKS 13:31 -19:59 (Mon – Fri)
CRYPTOCURRENCIES 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)

 

As always, please do not hesitate to get in touch at info@darwinex.com should you need assistance.

Trading Hours for US Presidents’ Day on 18th February 2019

12 February 2019

Please note that the following trading hours will apply on Monday 18th February 2019.

Please note that the following trading hours will apply on Monday 18th February 2019. All times are in GMT+0 (London) time.

Commodities   Monday 18th Febuary 2019
Gold 23:01 Sun – 18:00 Mon
Silver 23:00 Sun – 18:00 Mon
Platinum 23:00 Sun – 18:00 Mon
Palladium 23:00 Sun – 18:00 Mon
US Crude 23:00 Sun – 17:45 Mon
US Natural Gas 23:00 Sun – 17:45 Mon
Indices
J225 23:00 Sun – 18:00 Mon
SPX500 23:00 Sun – 18:00 Mon
NDX 23:00 Sun – 18:00 Mon
WS30 23:00 Sun – 18:00 Mon
US Stocks
All US stocks CLOSED

 


The rest of the assets will trade according to their usual trading time.

As always, at info@darwinex.com we’ll be happy to assist you!

Trading Hours On Australia Day on 28th January 2019

22 January 2019

Please note that the following trading hour will apply to the AUS200 asset on Monday 28th January 2019 due to Australia Day.

Please note that the following trading hours will apply on Monday 28th January 2019. Times in GMT+0 (London) time.


 

Indices  Monday 28th January 2019
AUS200 06:10 – 22:00

 


The rest of the assets will trade according to their usual trading time.

As always, at info@darwinex.com we’ll be happy to assist you!

Trading Hours for the US Martin Luther King Day on 21st January 2019

15 January 2019

Please note that the following trading hours will apply on Monday 21st January 2019. All times are in GMT+0 (London) time. Commodities   Monday 21st January 2019 Gold 23:01 Sun – 18:00 Mon Silver 23:00 Sun – 18:00 Mon Platinum 23:00 Sun – 18:00 Mon Palladium 23:00 Sun – 18:00 Mon US Crude 23:00 Sun – 17:45 […]

Please note that the following trading hours will apply on Monday 21st January 2019. All times are in GMT+0 (London) time.

Commodities   Monday 21st January 2019
Gold 23:01 Sun – 18:00 Mon
Silver 23:00 Sun – 18:00 Mon
Platinum 23:00 Sun – 18:00 Mon
Palladium 23:00 Sun – 18:00 Mon
US Crude 23:00 Sun – 17:45 Mon
US Natural Gas 23:00 Sun – 17:45 Mon
Indices
J225 23:00 Sun – 18:00 Mon
SPX500 23:00 Sun – 18:00 Mon
NDX 23:00 Sun – 18:00 Mon
WS30 23:00 Sun – 18:00 Mon

 


The rest of the assets will trade according to their usual trading time.

As always, at info@darwinex.com we’ll be happy to assist you!

Navidad

Darwinex Trading Hours for the 2018 Christmas & New Year Holiday Period

18 December 2018

Christmas is around the corner! Please find below the Darwinex Trading Schedule for the 2018 Christmas and New Year Holiday Period (all times are displayed in UK time and changes to regular trading hours are highlighted in red). Also note that during the Cristmas and New Year holiday period spreads may widen and swaps may […]

Christmas is around the corner!

Please find below the Darwinex Trading Schedule for the 2018 Christmas and New Year Holiday Period (all times are displayed in UK time and changes to regular trading hours are highlighted in red).

Also note that during the Cristmas and New Year holiday period spreads may widen and swaps may be affected by the ‘turn’ effect. The ‘turn’ effect is a phenomenon that exists in financial markets which is caused by supply and demand for funding over key dates such as year or quarter-end. This can create anomalies in the forward curves for certain currencies, and we are already beginning to see this priced into the year-end swap points that we receive from our liquidity providers.

Christmas 2018

DARWINs Monday 24th December Tuesday 25th December Wednesday 26th December
All DARWINs 22:05 Sun – 18:45 Mon Closed 22:05 Tue – 21:59 Wed
FX Monday 24th December Tuesday 25th December Wednesday 26th December
All FX Instruments 22:05 Sun – 18:45 Mon Closed 22:01:01 Tue – 21:59:50 Wed
Commodities Monday 24th December Tuesday 25th December Wednesday 26th December
Gold 23:01 Sun – 18:45 Mon Closed 23:01 Tue – 21:59 Wed
Silver 23:00 Sun – 18:45 Mon Closed 23:00 Tue – 21:50:50 Wed
Platinum 23:00 Sun – 18:45 Mon Closed 23:00 Tue – 22:00 Wed
Palladium 23:00 Sun – 18:45 Mon Closed 23:00 Tue – 22:00 Wed
US Crude 23:00 Sun – 18:30 Mon Closed 23:00 Tue – 22:00 Wed
US Natural Gas 23:00 Sun – 18:30 Mon Closed 23:00 Tue – 22:00 Wed
Indices Monday 24th December Tuesday 25th December Wednesday 26th December
AUS200 23:00 Sun – 03:30 Mon Closed Closed
STOXX50E Closed Closed Closed
FCHI40 23:00 Sun – 13:00 Mon Closed Closed
GDAXI Closed Closed Closed
J225 23:00 Sun – 18:15 Mon Closed Closed
SPA35 07:00 – 13:00 Closed Closed
UK100 23:00 Sun – 12:50 Mon Closed Closed
SPX500 23:00 Sun – 18:15 Mon Closed Closed
NDX 23:00 Sun – 18:15 Mon Closed Closed
WS30 23:00 Sun – 18:15 Mon Closed Closed
US Stocks Monday 24th December Tuesday 25th December Wednesday 26th December
All US stocks 14:31 – 17:59 Closed 14:31 – 20:59
Crypto Monday 24th December Tuesday 25th December Wednesday 26th December
All Crypto Instruments 22:05 Sun – 22:00 Mon 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed


New Year 2019

DARWINs Monday 31st December Tuesday 1st January Wednesday 2nd January
All DARWINs 22:05 Sun – 21:59 Mon Closed 22:05 Tue – 21:59 Wed
FX Monday 31st December Tuesday 1st January Wednesday 2nd January
All FX Instruments 22:05 Sun – 21:59:50 Mon Closed 22:01:01 Tue – 21:59:50 Wed
Commodities Monday 31st December Tuesday 1st January Wednesday 2nd January
Gold 23:01 Sun – 21:59 Mon Closed 23:01 Tue – 21:59 Wed
Silver 23:00 Sun – 21:59:50 Mon Closed 23:00 Tue – 21:50:50 Wed
Platinum 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
Palladium 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
US Crude 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
US Natural Gas 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
Indices Monday 31st December Tuesday 1st January Wednesday 2nd January
AUS200 23:00 Sun – 03:30 Mon Closed 23:00 Tue – 22:00 Wed
STOXX50E Closed Closed 23:00 Tue – 22:00 Wed
FCHI40 23:00 Sun – 13:00 Mon Closed 23:00 Tue – 22:00 Wed
GDAXI Closed Closed 07:00 – 21:00
J225 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
SPA35 07:00 – 13:00 Closed 07:00 – 19:00
UK100 23:00 Sun – 12:50 Mon Closed Closed
SPX500 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
NDX 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
WS30 23:00 Sun – 22:00 Mon Closed 23:00 Tue – 22:00 Wed
US Stocks Monday 31st December Tuesday 1st January Wednesday 2nd January
All US stocks 14:31 – 20:59 Closed 14:31 – 20:59
Crypto Monday 31st December Tuesday 1st January Wednesday 2nd January
All Crypto Instruments 22:05 Sun – 22:00 Mon 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed

 


As always, if you have any queries, please feel free to contact us at info@darwinex.com.

The Darwinex Team wishes you a Merry Xmas and a Happy New Year!

apalancamiento esma

UK Parliament Vote on EU Withdrawal Bill (11 December 2018)

9 December 2018

We would like to remind you that the UK Parliament will vote on the EU Withdrawal Bill on 11th December 2018. There is a high degree of uncertainty as to the outcome of the vote and all GBP currency crosses are likely to experience significant volatility with increased risk of market gaps. It is important that you […]

We would like to remind you that the UK Parliament will vote on the EU Withdrawal Bill on 11th December 2018.

There is a high degree of uncertainty as to the outcome of the vote and all GBP currency crosses are likely to experience significant volatility with increased risk of market gaps.

It is important that you have sufficient margin coverage and are comfortable with the exposure on your account as our margin requirements may change going into the vote or depending on the outcome of the vote.

Please feel free to contact us at info@darwinex.com should you need assistance in this regard.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.