Professional Documents
Culture Documents
Explanation of Rogh Log v1
Explanation of Rogh Log v1
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
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.
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
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
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.
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
AA:Comment
Notes
Analysis section:
P/L
=SUM(R3:R202)
% of winners
=AC9/AC11*100
% of losers
=AC10/AC11*100
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