Trademetria Review
  • Ease of Use
  • Value
  • Quality
  • Analysis Tool
4.1

Summary

Tracking and analyzing your past and current trades can make a big impact on your success. Trademetria is a journaling and tracking platform designed to help you monitor trading performance, identify and improve weaknesses using data analytics, and become a better trader. This platform offers a wide range of assets and includes tools such as trade tracking, key metric analysis, customizable charts, and a flexible trade journal. Is it really what your trading needs, though? Find out in complete Trademetria review!

Tracking your trade outcomes is an important part of improving your strategy over time and ensuring that you are consistently profitable. Trademetria was designed to help you monitor your trading performance and put data analytics to work to improve your weaknesses. The platform offers a wide range of useful analysis tools and makes the process of importing trades from most popular brokers as simple as possible.

So, is this the best trade journaling and tracking platform for you? In our Trademetria review, we’ll cover everything you need to know. 

Trademetria Homepage

Trademetria Pricing Options

Trademetria offers three tiers: Free, Basic, and Pro.

The Free account is truly free. You can only track one account, but you can import up to 30 trades per month and it includes most of Trademetria’s analytics features.

The Basic account costs $19.95 per month or $169 per year. It increases your import limit to 100 trades per month and enables you to export trade data to Excel. It also includes a P&L simulator and allows you to analyze your trades by intraday timing.

The Pro account costs $29.95 per month or $249 per year. It offers unlimited trade imports and up to 50 accounts. The included features are the same as for the Basic account.

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Trademetria Pricing

Trademetria Features

Supported Assets

Trademetria supports an extremely wide range of assets, not just stocks. You can import options, futures, forex, cryptocurrency, and CFD trades. All of these asset classes are supported by all of Trademetria’s analysis features, and most tools enable you to filter your trades by instrument type.

Trade Tracking And Key Metrics

Trade tracking and analysis are at the heart of Trademetria. The platform enables you to quickly review your trade history and see what positions are currently open in your portfolio.

You have a large number of options to filter your trade history, too. Trademetria has parameters for date ranges, instrument type, broker, maximum profit or loss, day of the week or time of day, and more. In addition, Trademetria enables you to create an unlimited number of tags to categorize your trades according to the strategy used or the motivation behind the trade, and you can filter trades using these custom tags.

Trademetria Trade History

Using these filters, you can calculate a set of key metrics for your entire trading history or any subset of trades. Key metrics include your profit factor, expected trading return, win rate, maximum drawdown, total commissions paid, and more. In aggregate, these metrics offer a quick overview of whether you’re performing well or poorly over a specific subset of trades.

Trademetria Key Metrics

Trade Distributions

If you want to dig into your trading performance in greater depth, Trademetria allows you to slice up trades in several different ways. You can look at trades by the time of day they were entered, by whether the market was up or down on the days you traded, or by your custom strategy tags. Trademetria also has a specific view for options trading, with trades broken down by popular strategy types.

Trademetria Performance by Time

Another useful tool is the P&L simulator, which allows you to compare your real P&L against your P&L from just a subset of your trades. For example, you can use the simulator to see how your overall profitability compares to your potential profitability if you only placed trades that correspond to a single strategy tag. The simulator can be helpful for identifying which strategies are dragging down your overall profitability and which strategies are outperforming your average trade return.

Trademetria PL Simulator

Day Trading Tools

Trademetria has a handful of tools that are designed especially for day traders. For example, you can pull up a customizable entry chart that shows your entry and exits overlaid on top of one-minute candlesticks. There’s also a ‘Day Trade Report’ that shows a summary of the day’s trades, including current profit and loss, win rate, and profit factor.

Trademetria Entry Chart

Trade Journal

Trademetria also has a built-in trade journal where you can keep notes about your trades. The journal allows you to enter notes for any single trade as well as to create notes about your overall day in the market.

Trademetria Trade Journal

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While it may not be as feature-heavy as other options, like TraderSync, the Trademetria trade journal does allow for text formatting and embedded screenshots, so it’s fairly flexible. You cannot tag journal entries, but you can search your entire journal for keywords.

Importing Trades

Importing trades with Trademetria is very straightforward. The platform is compatible with over 120 popular brokers, so you can simply export trade data from your broker and upload it to Trademetria.

Trademetria Trade Import

Alternatively, you can import trades manually. If you have a custom spreadsheet of trades, you can use the platform’s import tool to format this for bulk entry.

Trademetria Platform Differentiators

Trademetria is far from the only trade tracking and journaling software on the market, but it’s one of the best we’ve seen. The platform is extremely easy to use and navigate, from trade import all the way to in-depth analysis. The fact that Trademetria supports most common asset classes and not just equities trading is a huge advantage as well. 

The best thing about Trademetria is that there are so many ways to slice up your trades for analysis. There is no limit to the number of custom tags you can create, and the platform offers a wide range of filters to further subdivide your trades and identify potential weak points in your trading.

What Type Of Trader Is Trademetria Best For?

Trademetria is best for active traders who want to use their trade data to improve performance over time. The platform has several tools that are specifically tailored to day traders and options traders. In addition, swing traders can benefit from the strategy-specific P&L simulator and the ability to visualize trade entries on technical charts. 

Active medium- to long-term investors could also benefit from Trademetria’s journal. Given that the journal is available for free, there is little downside to using it. However, investors likely won’t get as much out of Trademetria’s data analysis features.

Pros

  • Comprehensive free account
  • Supports options, CFD, crypto, and forex trades
  • Unlimited custom trade tags
  • P&L simulator for finding your best strategies
  • Tools for day and options traders
  • Very simple trade import tools

Cons

  • Few tools for portfolio analysis
  • Doesn’t automatically import trades