EdgeWonk is a tool for traders and investors designed to analyze and optimize their trading strategies. The journal assists traders in making more well-founded and informed decisions by considering past experiences and analyzing previous trades.
— Detailed trade analysis: EdgeWonk allows traders to record their trades in a journal, including entry and exit points, position size, stop-loss and take-profit levels, as well as reasons for opening and closing the trades. This creates a comprehensive history of trading actions and helps identify the strengths and weaknesses of the strategy.
— Analysis of results: Using EdgeWonk, traders can analyze their performance, including profits and losses, as well as the ratio of profitable to losing trades and other key indicators. This enables them to identify successful tactics and pinpoint areas that need improvement.
— Strategy Optimization: By analyzing the statistics of trading actions, EdgeWonk helps traders optimize their strategy, improving forecast accuracy, reducing risks, and increasing overall trading profitability.