Futures calculator and Trading journal, February 2024 update

Short description of our tools

Futures calculator is a tool that allows you to calculate your potential profit and loss, risk, and other details in U.S. Futures markets. It's pretty simple - you can choose the desired market, fill in your entry price, and calculate your potential profit or loss and risks. If you haven't encountered similar tools, you can read our instructions below.

Trading journal is available for users with an account on MyInsiderWeek. As the name suggests, the Trading journal is a tool for managing open positions and tracking past trades. You can add, edit, or remove positions with their parameters using the table.

Example of Trading journal

What's new?

After several months of thorough development, we have added the long-awaited functionality to the Futures calculator. This includes "Profit 1:2" and "Profit 1:3" buttons. Most importantly, you can now transfer the calculations you have made to your personal Trading journal. Simply click on the transfer button and follow the steps in the popup. After the data transfer you would be able to open your Trading journal with the new log.

The Trading journal has also been improved. The design is now up-to-date with our other products, and the design elements have been adjusted for a better user experience on mobile devices. We have redesigned the process of leaving comments, so you could easily write and edit even a rather long comment.

Before and after

We have divided the journal into two tabs with open and closed positions and added a new block with your overall statistics. This allows you to keep track of risks and available funds more conveniently. Position management has been moved to a separate popup window that is better optimized for different types of devices than the previous version. We have also added colors for different values to make it easier to navigate and evaluate your data.

We have introduced three order statuses. Their implementation improves tracking of active orders and open trades and helps with managing the risks of a specific position and the portfolio as a whole.

New position management

And these are not the last changes we have made. As of February 2024, our team is preparing the file upload functionality in the Trading journal, which will enhance your experience with the journal even further. We will keep you informed about the new update in the upcoming months.

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Disclaimer

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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