Forex Journal v1.

First Off:

I am not an Excel programmer or expert, so there are very likely better, stronger, faster,
and more efficient ways to accomplish these calculations. Please feel free to update,
modify, and improve as you skills and resources permit.

This spreadsheet uses money management based upon a %RISK for each trade. If you
dont yet understand these concepts, then do a search on FF and read all the threads on
money management.

Some housekeeping issues: Each spreadsheet is protected so that you can not
accidentally enter a value into a calculated cell. To unprotect, simply go to the TOOLS
PROTECTION UNPROTECT SHET menu in Excel (there is no password set). There
are several hidden columns which contain data that is used in certain calculations. Some
of these columns lookup data from the DATA sheet using the vlookup command. The
DATA sheet contains stuff used for such things as the pulldown menus, live quotes, and
certain variables needed to calculate stop loss values for specific currency pairs. If you
dont know how to modify these or use the vlookup command, email me at
weismanfamily@gmail.com with what youre trying to accomplish, and Ill do my best to
help out.

Journal Set Up:

1) Along the bottom of the WORKBOOK you will see four tabs that will take you to
four separate worksheets. NEW JOURNAL is a blank template, STANDARD
ACCT is a $1,000,000 demo account, and MIRO ACCT is a $2500 demo account
(NOTE: As I prepared to post this document, I made a few fixes, modifications,
and changes to the NEW JOURNAL template which do not appear in the other
two demos).
2) Go to the NEW JOURNAL and enter your OPENING BALANCE in B2. This is
the $ amount that will be used to make the %RISK calculations, and maintain the
running balance.
3) Enter in the appropriate PIP VALUE for the type of account you are using. This is
generally 10 for Standard Accounts, 1 for Mini Accounts, and .1 for Micro
Accounts. I suppose on some platforms such as Oanda, this may even be .01 for a
Mini-Micro-Variable kind of account. Havent used them so I cant say for sure.
Its very important to get this right, as many calculations are based upon this
entry. Again, if youre not yet clear on these concepts, go to FF and read the
appropriate threads.
How to use the journal:

1) Enter the DATE

2) Select the PAIR from the pulldown menu. (if a pair you trade is not listed here,
email me if you can not figure out how to add or modify).
3) Select the trade SYSTEM from the pull down men. This is of course optional. To
quickly change the systems to match yours, go to the DATA sheet tab at the
bottom of the workbook, and type over rows A13 to A17.
4) Select BUY or SELL
5) Enter in %RISK for this trade. This is the percent of your total account value
calculated from the previous trades running TOTAL from COLUMN V.
6) Enter the execution PRICE for this trade. When using the journal to initiate a
trade, enter the current quote either from COLUMN D or from your trading
platform. This will be close enough to make the next few calculations. After the
trade is executed, you can then go back and enter the exact execution price.
7) Next enter your stop loss PRICE in COLUMN H.
8) Now, based upon the %RISK and S/L you entered, the worksheet will calculate
the number of LOTS and the S/L IN PIPS for this trade. It is very important here
to have the PIP VALUE for your account type correctly entered into COLUMN
B2. (NOTE: On some platforms 2 mini/micro lots may be entered .2, and 25
mini/micro lots may be entered as 2.5 This is the way I need to enter Micro lots
into my IBFX MT4 platform).
9) Enter the ORDER # from your trading platform.
10) If you save a chart for each trade, then right click in the CHART column, and
select HYPERLINK, then navigate to your chart image and select OK. I use the
SAVE CHART AS PICTURE from MT4. I name the chart with the currency pair
and order#, and set size at 600 x 400.
11) As your trade (hopefully) hits its various take profit levels, enter the number of
LOTS and 1ST T/P price, 2nd T/P, and 3rd T/P. This will in turn calculate the profit
in pips, and GAIN/LOSS and running TOTAL columns in $. Again, here very
important to have B2 set properly. (NOTE: As you start entering your 1st T/P,
youll notice that some funny #s come up under the 2nd and 3rd T/Ps. I dont
know how to prevent this, so when the trade is all the way closed I just delete the
unused cells. If you know how to fix this, please let me know).
12) To extend the spreadsheet, simply copy & past from the last row on downwards.
13) Finally, please remember that this is a work in progress, and as such may contain
random errors, omissions, and bugs. Do not rely upon it for trading decisions
until you have verified that it is functioning to your standards