What is Performance feature?
- By FXT
- OCT 22, 2022
It’s important for traders to have a clear overview of the market performance across multiple time frames in one snapshot.
So, if we click on the MarketWatch button, the MarketWatch indicator is going to appear. We have 5 tabs to explore.
Here’s what the first tab, Performance, offers. It provides traders with a table with a watchlist consisting of a set of instruments, the current price, the % prices’ changes in different timeframes (Daily, Weekly, Monthly, YTD and previous Year), the volatility and the drawdown from the highest price of all the available history.
FXT Marketwatch, by default, is showing the first 20 symbols of the MT5 Marketwatch. One can create different sets to view their respective performance. You can change the number of the symbols from the settings, by pressing F7 (maximum 100 symbols allowed). In the MT4 you can now load up to 100 symbols on your watchlist. The pages are displayed in the upper right corner of the screen.
By clicking on a symbol, a new tab is created with its graph and also the FXT Info Indicator, which displays useful information about the spread and your personal trading performance of this asset, combined with the overall trading performance as you can see below.
In the MT5 version you can also see the graph of your overall profits combined with your profits of the selected symbol (this feature is not available on MT4).
If you click on a symbol’s DD value, a new chart appears with the Drawdown graph. This graph is related to the selected timeframe. At first, the new chart is going to be loaded on the same timeframe you are using on the Navigator, but you can change it if you want to have a long/short period view.
Here is how the FXT DD indicator looks like (example of EURUSD D1):
Finally, if you click on the “Trade” button, a new chart will open with the FXT Trade Manager tool loaded. We will analyze this tool in another topic. For now, let’s say that it will try to take your trading experience one step further.