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Analytics

Analytics

PineConnector Analytics

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Preview & Feedback PineConnector Analytics is currently in preview mode. If you have any feedback, please share it with us here.

Introducing PineConnector Analytics

What is PineConnector Analytics?

We're excited to launch PineConnector Analytics, a new feature designed to provide an in-depth view of your trading account performance. This tool allows you to track key metrics, understand the effectiveness of your strategies, and make more data-driven trading decisions.

Availability and Account Limits

PineConnector Analytics is available to all users across all plan types: Starter, Advanced, and Professional.

  • Starter Plan: View analytics for 1 concurrent trading account.
  • Advanced Plan: View analytics for up to 3 concurrent trading accounts.
  • Professional Plan: View analytics for up to 10 concurrent trading accounts.

Whether you’re testing PineConnector during the trial period or using it with a full subscription, PineConnector Analytics offers a powerful opportunity to better understand and improve your trading performance.

Getting Started with PineConnector Analytics

Accessing your trading performance insights is straightforward. Just follow these quick steps:

  1. Use the Correct EA Version: Ensure you are running PineConnector MT5 EA v3.41 or later.
  2. Confirm Analytics is Active (Opt-Out if Desired): In your MT5 EA settings (press F7 on the chart, then go to the "Inputs" tab), find the "PineConnector Analytics" option.
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    1. This feature is enabled by default in EA v3.41+.
    2. If you wish to opt-out and not share data for analytics display, you can set this option to Off.
  3. View Your Dashboard & Allow for Initial Processing: Navigate to the Analytics page on your PineConnector Portal.
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    1. When you first enable Analytics for an account or load the dashboard, please allow a few minutes for your trading history to be processed and displayed. You may need to refresh the page.

Frequently Asked Questions (FAQ)

  • Q: What if I don’t want to share my trading account data?

    • A: We understand you might prefer not to share your trading account data. PineConnector Analytics is enabled by default in MT5 EA v3.41 and later to provide you with immediate insights into your trading performance. However, you have full control to opt-out. To do so, simply go to the PineConnector EA settings (press F7 on the chart where the EA is attached), scroll to the "Inputs" tab, and set the "PineConnector Analytics" option to Off. Once disabled, no trading account data from that EA instance will be processed or shared with the PineConnector Portal for analytics display.

  • Q: Is PineConnector Analytics available for MT4 users? A: No, PineConnector Analytics is only available for MT5 users at this time. The feature is designed to work with the PineConnector MT5 EA v3.41 and above.
  • Q: Will enabling Analytics interfere with my trading activities or EA performance? A: No, enabling Analytics should not impact your trading activities. The feature operates in the background and processes data independently of trade execution or core EA performance.
  • Q: How often is the data in the Analytics Dashboard updated? A: The Analytics Dashboard primarily updates when the PineConnector EA (with Analytics enabled) connects to your trading account. Additionally, you can manually refresh the data at any time by clicking the blue "Refresh" button located near the “Last Updated” timestamp on your Analytics Dashboard in the portal.
  • Q: What happens if I disconnect a trading account from the EA or stop the EA? A: If you disconnect a trading account (or stop the EA on that account), its metrics will no longer update and may eventually not be visible in the Analytics Dashboard. Only actively connected trading accounts (with Analytics enabled in the EA) are displayed and analyzed. To resume viewing metrics for that account, you will need to reconnect the EA with Analytics enabled.
  • Q: How many trading accounts can I view in the Analytics Dashboard? A: The number of concurrent trading accounts you can view depends on your plan:
    • Starter: 1 account
    • Advanced: 3 accounts
    • Professional: 10 accounts
  • Q: Can users on the Trial Plan access PineConnector Analytics? A: Yes, users on the Trial Plan can access PineConnector Analytics during the current preview period. For the purpose of Analytics, Trial Plan users are treated as being on the Advanced Plan tier, allowing them to view analytics for up to 3 concurrent trading accounts. To get started, they need to ensure they are using the MT5 EA v3.41 or later and enable the feature in the EA settings.

Further Reading: Understanding Your Trading Performance

Analyzing your trading data is key to refining your strategies. Beyond the metrics shown on the dashboard, understanding concepts like Reward-to-Risk ratios and Expectancy can provide deeper insights.

Profitability, Win Ratios, and Reward-to-Risk (R:R)

A profitable trading system doesn’t necessarily require both an extremely high Reward-to-Risk (R:R) ratio and a very high win rate. These two factors work together. The table below highlights the breakeven win rate required for different R:R ratios:

Reward-to-Risk
Breakeven Win Rate
0.5
67%
1
50%
2
33%
3
25%
5
17%
10
9%

For example, if you are risking $1 to potentially earn $2 (an R:R of 2), your system only needs to win more than 33% of the time to be profitable over the long term. This means that even with a win rate of 40%, which some might consider modest, such a system can achieve profitability.

Calculating Your System's Expectancy

To analyze your system’s performance further, you can calculate its expectancy, which measures the average profit or loss you can anticipate per trade over a large number of trades.

Expectancy Formula

Expectancy=(Win Rate×Average Win)−(Loss Rate×Average Loss)\text{Expectancy} = (\text{Win Rate} \times \text{Average Win}) - (\text{Loss Rate} \times \text{Average Loss})

Where:

  • Win Rate: The percentage of your trades that are profitable (e.g., 0.40 for 40%).
  • Loss Rate: The percentage of your trades that are losers (calculated as 1 - Win Rate; e.g., 0.60 for 60%).
  • Average Win Amount: The average monetary gain from your winning trades.
  • Average Loss Amount: The average monetary loss from your losing trades (expressed as a positive number).

Example Calculation If your win rate is 40% (0.4), your loss rate is 60% (0.6), your average win is $100, and your average loss is $50:

Expectancy=(0.4×100)−(0.6×50)\text{Expectancy} = (0.4 \times 100) - (0.6 \times 50)Expectancy=40−30=10\text{Expectancy} = 40 - 30 = 10

In this scenario, the expectancy is $10 per trade. This means that, on average, you can expect to earn $10 for every trade taken with this system over the long run.

Understanding the relationship between your win rate, Reward-to-Risk ratio, and system expectancy is essential for designing and maintaining a sustainable and profitable trading approach. By focusing on improving specific aspects of your strategy—such as entry timing, exit strategies, or position sizing—you can work towards pushing your system's expectancy further into positive territory.

Feedback

Analytics Feedback

We’d like to know how you found the initial version of PineConnector Analytics. Are there metrics you like to see added?

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