Trade Journal Enhancement

Description:

Enhance the existing Trade Journal functionality to include tracking and reporting of "Profit Potential" and "Max Profit" for each trade. This feature will help traders understand the profit they may have left on the table by comparing their actual profit with the maximum potential profit of the trade.

Objectives:

  1. Max Profit Calculation:

    • Automatically calculate the maximum profit for each trade based on the highest price achieved during the trade duration.

  2. Profit Potential Tracking:

    • Compare actual profit with the calculated maximum profit to show the potential profit left on the table.

  3. Detailed Reporting:

    • Add columns in the Trade Journal to display "Max Profit" and "Profit Potential" (difference between Max Profit and Actual Profit).

    • Provide summary reports that highlight overall potential profit left on the table for a specified period (daily, weekly, monthly).

  4. Visualization:

    • Graphical representation of actual profit vs. max profit for individual trades and over time.

  5. User Alerts:

    • Optional alerts to notify traders when their actual profit is significantly lower than the max profit.

Benefits:

  • Improved Decision Making: Helps traders understand missed opportunities and refine their strategies.

  • Performance Analysis: Provides a clearer picture of trading performance and areas for improvement.

  • Enhanced Reporting: Offers detailed insights that can be used for better reporting and strategy development.

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Upvoters
Status

In Review

Board

πŸ’‘ Feature Request

Date

Over 1 year ago

Author

C Ihenacho

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