A new alternative for statistics publishing
I have been using MT4Stats for all my statistics publishing for the time I’ve been using the MT4 platform, and I’m sure you guys have been too (yeah I know about MT4Live, but I’ve never liked their font and general appearance…). Recently MT4Stats was updated with a lot of extras in the new Analysis tab, which I think is great additions. It is nice to see some graphs and the pie charts give a nice overview of the profitable pairs you are trading.
Last week I was made aware of a new alternative that actually looked kind of interesting called MyFXBook.com. Unlike MT4Stats and MT4Live you register one profile and then add all your MT4 accounts to that. So by just logging into the site you can see the performance of all your registered trading accounts. And it supports other platforms also, great if you have a Oanda account for example. You can choose if you want your accounts to be public or private, and if public what information to show. You could for example just show the balance and growth and hide the specific trade history. If the account is public others will be able to comment on it, just like with a blog. You can also add information about yourself in your profile that others can read and comment. The community aspect here could be very good I think, but still the site is very new and the number of people registered is small (that is not bad thou).
It also sports some other nice things like a monthly growth chart and the possibility to analyse your trading. If you are missing something there is a very good Suggestions box in the forum that is handled very good with the developers really trying to understand the suggestions. I myself left one about the possibility to use the magicnumber to sort all trades on the EA that performed it and the developers asked follow up questions to understand my idea fully. Very good, and hopefully they’ll implement it.
Right now I’m publishing my stats both to MT4Stats and MyBookFX as I think that they both complement each other (you have to use two MT4 instances trading the same account to do it). The main thing I think is better with MT4Stats is the bottom part of the page with the information about equity, floating P/L, margin and so. That information is not as easily shown at MyFxBook I think (and I haven’t even found the used and free margin information at all). Also I like the layout of taken trades better at MT4Stats. But do check out MyFxBook, and leave suggestions about the things you don’t like so they can make the perfect tool for us in time 