Rogh Trading log template

The trading log has been developed to set out the risk factors of each trade and analyse overall progress. In its creation, I referenced two other trading logs found online, many thanks to those people for posting them.
1. Trader Mike. (Trading journal.xls) http://tradermike.net/2006/01/my_trading_journal_excel_spreadsheet/ 2. Clambill. (Trading Log.xls) http://www.trade2win.com/boards/trading-software/36117-free-spreadsheet-trading-log.html

The initial entries are fictitious just used for testing. The yellow columns are the only ones that require data input. Im posting it for others to use freely. There are a couple of issues that are testing my knowledge of excel and if anyone can resolve them it would be great if an amended version can be re-posted.

Excel issues to be resolved: K column: Reward / Risk Ratio The ratios seem to add up correctly but I cant

pin down why the #value! Error appears in the empty boxes. Overall Risk/Reward ratio cell. Possibly this will correct itself if column K is resolved. H Column: Capital I have started with a capital of 2000 but obviously amend to suit. The capital needs to include the wins or losses of previous trades and so the formula adds in the previous net P/L (Column S). Problem is that it cant add in the whole column as it shouldnt include the current trade and after numerous attempts consecutively increasing S2+S3+S4 is beyond me. (See formula references below). The FOREX sheet. Im new to trading and have yet to enter the FOREX markets. If someone wanted to create a sheet based on the stocks sheet then please do. I might get onto it in a few months time. Please point out any other errors to: roger@rjhtrader.co.uk and Ill see what I can do.

A second version in a few months time:

It would be useful to have feedback from yourselves regarding how the whole spread sheet could be developed (and Ill post it again in 3-6 months) Im thinking: It would benefit from allowing multiple part entries (scaling in) and consequently scaling out. Times of entry and exit have been included so (for example) % wins before 10am can be analysed. However, I have not yet included data in the analysis section, as Im not quite sure what information I hope to find. (New to trading) Trend or counter trend columns could be added and as previous point, and the ability to calculate % of winners with trends or against trends might be useful. Graphs and charts of the data would be great but I personally need to get some trades in first! Hope its useful Rogh Following is information and the formula for each column, to allow your modifications.

Stocks Sheet
A:Stock B:Epic C:L/S
Long or Short

D:Qty
Amount of shares purchased

E:Entry price F:Target

Used to define the Reward / risk ratio in Column K, so be realistic on entering data.

G:Stop H:Capital
=IF(D4=0,"",2000+S3+S4)

2000 starting capital + sum of previous entries in Net P/L Issue: I have started with a capital of 2000 but obviously amend to suit. The capital needs to include the wins or losses of previous trades and so the formula adds in the previous net P/L (Column S). Problem is that it cant add in the whole column as it shouldnt include the current trade and after numerous attempts consecutively increasing S2+S3+S4 is beyond me.

I:Cap. Risk
=IF(C3="L",D3*E3-D3*G3,D3*G3-D3*E3)

The amount you may loose in this trade. (How far the stop is from the entry). There is conditional formatting applied to this column. Any zero figure is shown as background colour to prevent a long list of zeros until the column is filled.

J:Cap. Risk %
=IF(I3=0,"",I3/H3*100)

The amount you may loose in this trade as percentage.

K:Reward / Risk ratio

=ROUND(IF(I3=0,"",IF(C3="L",F3*D3-E3*D3,E3*D3-F3*D3)/I3),1)

A ratio used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. This ratio is calculated mathematically by dividing the amount of profit the trader expects to have made when the position is closed (i.e. the reward) by the amount he or she stands to lose if price moves in the unexpected direction (i.e. the risk). http://www.investopedia.com/terms/r/riskrewardratio.asp Issue: The ratios seem to add up correctly but I cant pin down why the #value! Error appears in the empty boxes. The :1 ratio is set up in Format, Cells, (Category)Custom, General and then typing in :1

L:Entry date M:Time N:Exit date O:Time P:Exit price Q:P/L

=IF(V3=0,"",IF(C3="L",P3*D3-E3*D3,E3*D3-P3*D3))

Profit or loss before fees.

R: Com+Stamp
=IF(I3=0,"",0.5*V3/100+16)

Commission fees plus stamp duty. (Commission fixed at 2x8. Stamp duty 0.5 of purchase cost)

S:Net P/L
=IF(I3=0,"",Q3-R3)

Profit or loss including fees.

T:% P/L
=IF(V3=0,"",S3/V3*100)

Profit or loss as a % of the trade.

U:R multiple
=IF(I3=0,"",Q3/I3)

R Multiple: P&L divided by the Initial Risk. You want your losses to be 1R or less. That means if you say youll get out of a stock when it drops $50 to $40, then you actually GET OUT when it drops to $40. If you get out when it drops to $30, then your loss is much bigger than 1R. Its twice what you were planning to lose or a 2R loss. And you want to avoid that possibility at all costs. You want your profits to ideally be much bigger than 1R. For example, you buy a stock at $8 and plan to get out if it drops to $6, so that your initial 1R loss is $2 per share. You now make a profit of $20 per share. Since this is 10 times what you were planning to risk we call it a 10R profit. http://www.iitm.com/sm-risk-and-r-multiples.htm

V: at work
=E3*D3

Cost of the trade.

W:#
=IF(D4=0,"",W3+1)

Reference number used for later calculations and useful to refer extra analysis and comment.

X:W/L
=IF(D3=0,"",IF(S3>0,1,0))

Tells whether the trade was a winner (1) or a loser (0). This is used by the next column, Sum W/L.

Y:Sum W/L
=IF(D4=0,"",SUM(X4+Y3))

A running total of the W/L column and used in the % Wins cell.

Z:Trade idea
Notes

AA:Reason for success / Fail

Notes

AB:Comment
Notes

Analysis section:
Total net P/L
=SUM(S3:S202)

Gross P/L
=SUM(Q3:Q202)

% of winners
=AD10/AD12*100

% of losers
=AD11/AD12*100

Avg P/L per trade

=AD3/AD12

Avg % loss on losers

=IF(AD11=0,"0",AD16/AD11)

Avg % profit on winners

=AD15/AD10

Number of winners
=SUM(X3:X202)

Number of losers
=COUNTIF(X3:X202,0)

Number of trades
=SUM(AD10:AD11)

Total profits
=SUMIF(X3:X202,">0",S3:S202)

Total losses
=SUMIF(X3:X202,"=0",S3:S202)

Total % gains
=SUMIF(X3:X202,">0",T3:T202)

Total % losses
=SUMIF(X3:X202,"=0",T3:T202)

Risk/reward ratio
=AVERAGE(K3:K202)

Issue: Overall Risk/Reward ratio cell. Possibly this will correct itself if column K is resolved?

Expectancy
=AVERAGE(U3:U202)

Average (mean) of the R-multiple. Expectancy gives you the average R-value that you can expect from the system over many trades. Put another way, expectancy tells you how much you can expect to make on the average, per dollar risked, over a number of trades. At the heart of all trading is the simplest of all conceptsthat the bottom-line results must show a positive mathematical expectation in order for the trading method to be profitable. ~Chuck Branscomb http://www.iitm.com/sm-Expectancy.htm

Spreads Sheet
A:Stock B:Epic C:L/S
Long or Short

D:Qty
Amount of shares purchased

E:Entry price F:Target

Used to define the Reward / risk ratio in Column K, so be realistic on entering data.

G:Stop H:Capital
=IF(D5=0,"",1000+R3+R4)

1000 starting capital + sum of previous entries in Net P/L Issue: I have started with a capital of 1000 but obviously amend to suit. The capital needs to include the wins or losses of previous trades and so the formula adds in the previous net P/L (Column R). Problem is that it cant add in the whole column as it shouldnt include the current trade and after numerous attempts consecutively increasing R2+R3+R4 is beyond me.

I:Cap. Risk
=IF(C3="L",D3*E3-D3*G3,D3*G3-D3*E3)

The amount you may loose in this trade. (How far the stop is from the entry).

There is conditional formatting applied to this column. Any zero figure is shown as background colour to prevent a long list of zeros until the column is filled.

J:Cap. Risk %
=IF(I3=0,"",I3/H3*100)

The amount you may loose in this trade as percentage.

K:Reward / Risk ratio

=ROUND(IF(I3=0,"",IF(C3="L",F3*D3-E3*D3,E3*D3-F3*D3)/I3),1)

A ratio used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. This ratio is calculated mathematically by dividing the amount of profit the trader expects to have made when the position is closed (i.e. the reward) by the amount he or she stands to lose if price moves in the unexpected direction (i.e. the risk). http://www.investopedia.com/terms/r/riskrewardratio.asp Issue: The ratios seem to add up correctly but I cant pin down why the #value! Error appears in the empty boxes. The :1 ratio is set up in Format, Cells, (Category)Custom, General and then typing in :1

L:Entry date M:Time N:Exit date O:Time P:Exit price Q: Points W/L
=IF(D3=0,"",IF(C3="L",P3-E3,E3-P3))

R:P/L
=IF(D3=0,"",IF(C3="L",P3*D3-E3*D3,E3*D3-P3*D3))

S:% P/L
=IF(D3=0,"",R3/I3*100)

T:R multiple
=IF(I3=0,"",R3/I3)

R Multiple: P&L divided by the Initial Risk. You want your losses to be 1R or less. That means if you say youll get out of a stock when it drops $50 to $40, then you actually GET OUT when it drops to $40. If you get out when it drops to $30, then your loss is much bigger than 1R. Its twice what you were planning to lose or a 2R loss. And you want to avoid that possibility at all costs. You want your profits to ideally be much bigger than 1R. For example, you buy a stock at $8 and plan to get out if it drops to $6, so that your initial 1R loss is $2 per share. You now make a profit of $20 per share. Since this is 10 times what you were planning to risk we call it a 10R profit. http://www.iitm.com/sm-risk-and-r-multiples.htm

U:#
=IF(D4=0,"",W3+1)

Reference number used for later calculations and useful to refer extra analysis and comment.

V:W/L
=IF(D3=0,"",IF(S3>0,1,0))

Tells whether the trade was a winner (1) or a loser (0). This is used by the next column, Sum W/L.

W:Sum W/L
=IF(D4=0,"",SUM(V4+W3))

A running total of the W/L column and used in the % Wins cell.

X:Platform
For example: IG, or GFT (If you use a number of spread betting platforms)

Y:Trade idea
Notes

Z:Reason for success / Fail

Notes

AA:Comment
Notes

Analysis section:
P/L
=SUM(R3:R202)

% of winners
=AC9/AC11*100

% of losers
=AC10/AC11*100

Avg P/L per trade

=AC3/AC11

Avg % loss on losers

=IF(AC10=0,"0",AC15/AC10)

Avg % profit on winners

=AC14/AC9

Number of winners
=SUM(V3:V202)

Number of losers
=COUNTIF(V3:V202,0)

Number of trades
=SUM(AC9:AC10)

Total profits
=SUMIF(V3:V202,">0",R3:R202)

Total losses
=SUMIF(V3:V202,"=0",R3:R202)

Total % gains
=SUMIF(V3:V202,">0",S3:S202)

Total % losses
=SUMIF(V3:V202,"=0",S3:S202)

Risk/reward ratio
=AVERAGE(K3:K202)

Issue: Overall Risk/Reward ratio cell. Possibly this will correct itself if column K is resolved?

Expectancy
=AVERAGE(T3:T202)

Average (mean) of the R-multiple. Expectancy gives you the average R-value that you can expect from the system over many trades. Put another way, expectancy tells you how much you can expect to make on the average, per dollar risked, over a number of trades. At the heart of all trading is the simplest of all conceptsthat the bottom-line results must show a positive mathematical expectation in order for the trading method to be profitable. ~Chuck Branscomb http://www.iitm.com/sm-Expectancy.htm