OVERVIEW:   Successful Forex trading relies on very careful analysis of past and present parameters, and their influence on price movements.  To this end, there is a dazzling array of support utilities in the form of graphs and spreadsheets.  Equally important is Money-Management.  It is not always obvious how the Equity responds as various trading parameters are tweaked.

With fxEquiLog, the following information is available in one simple graph...

• Plot of the consolidated Buy-Sell center-line
• Graphical representation of Deposits and Withdrawals
• Monitor changes in the Balance and Equity differential over time

Critically important is the determination of ´hold´ and ´fold´ points to limit exposure.

For ´normal´ Forex trading where trades are either short-term scalps or long-term carefully-tracked trades, the account balance gives a good measure of the state of an account.  With Grid-Trading however, when many open trades can accumulate over a long period, it is not always easy to determine how the equity flows in relation to the price movements.  This is where we hope that fxEquiLog can play a useful role.

Currently, fxEquiLog is available as an Expert-Advisor plug-in for the MetaTrader platform.  Over time we plan to include other platforms.

Once an Account has been registered and the EA is installed and sending log records to the server, an entry will be automatically added to the Blog.  Here you are invited to add comments and discuss various aspects of the particular chart.  A contextual link on the Charts page connects to the relevant account-topic.

The link to FEL-System in the top menu leads to a detailed explanation of how these plots might be interpreted.  Click on the adjacent image to view live Equity-Charts for several active accounts.

Provision will be made in future to allow for private accounts where details are only available to the registrant after log-in.  There may be a small subscription-fee associated with this option.

REGISTRATION:   A Trader needs to be registered once, plus an additional registration for each Account / Currency-pair.  If you have already registered a Trader, please log-in first and existing details should then be available for modification if required.

To view the accounts available publicly, it is not necessary to register or log-in.  However, if you wish to participate in forum discussions, you will need to register and sign-in at the forum.  Hint: You can choose the same user-id and password to log on to the system and the forum.

BACKGROUND:   During early exposure to Grid-Trading, it became obvious we needed to follow closely the changes in equity.  We traded on the MetaTrader platform, and designed a macro-heavy spreadsheet that digested detailed reports and produced some nice graphs.  Although it worked well, it was cumbersome and could run for a half-hour or more as the reports became large.

Out of that exercise was born our Forex Equity Logger.  It provides a real-time view of the equity flow in a registered account, and charts this against the center-line and price for each currency pair.

While it is especially suited to Robot trading, it can also be a useful tool for traders who have established their own unique styles of manual trading.