How to Move Trades from MyFxBook to a Chart

The easiest way to begin trading profitably on the market is to begin to analyze the work of successful traders. Myfxbook.com is the largest monitoring site, where every day thousands of Forex accounts and strategies are analyzed, making it almost a perfect “source of inspiration”.

However, only one profitability chart is not able to show the full information about the principle of the trading strategy. An important advantage of the service is an open trading history on many of the projects. Having the history of transactions, you can try to restore the original strategy.

Of course, the easiest way is to do it directly on the chart in the terminal, but manually moving transactions one by one to the chart is completely ineffective. So, here comes the automatic script and our guide.

Transactions transfer

So, to begin to go to the monitoring page of the account that interests you. In the upper right corner of the chart, select «Export» - «CSV», which will result in the downloaded file «statement.csv». This is our history file of all transactions. The challenge now is to display a list of available transactions in the chart of the trading platform.

Open MetaTrader 4, then go to “File” folder - “Open Data Folder.”

Open terminal data folder. We need to move «statement.csv» file to «MQL4» - «Files». The file name can be renamed to any other.

Then open the symbol that interests us in the terminal. As a rule, we‘re interested in the symbol with the highest number of transactions. What are the symbols being the most active in trade, you can see at the monitoring site in the history:

Or in the advanced statistics reports (column «Summary» reflects the total number of transactions for the instrument):

Next, you will need a special script, which you will find at the end of this article. Its installation is standard - script file must be copied into MQL4 / Scripts folder in your terminal Open Data Folder.

Opening the desired symbol, run the script, specify the file name with the history (if you have changed it) and, if required, the time shift (you need to adjust the time zone of your broker to the time zone of the source of the quote).

In the process of copying an information window with the number of copied trades will appear.

All transactions will now be displayed on the chart as if you just carried them directly from the terminal history. Hovering the mouse over the trade you‘ll see its serial number and volume.

History analysis

By trading history, it is easy to determine what type of strategy relates to the analyzed history of transactions - the trend one, the channel, the averaging or martingale. At this point, we can discard strategies that do not deserve more detailed study or not showing signs of systematic trading.

So, for example, try to analyze the first deal with a nice profit chart.

Throw the history on the chart. At first glance, it is clear that this is not a typical average net - the frequency of transactions varies greatly in both time and price. Apparently, the deals are opened on the signal of some indicator. The alarming fact is four times the growth rate of the lot. To bring the series to profit, a lot of 0.1 increases to 6.4, that is exactly 64 times. Thus, we have to be sitting out the losses with a high martingale.

Another account with attractive rates of return, but sufficiently large drawdown. Let’s try to put the trades on the chart, in order to determine what, in fact, has caused such a drawdown of funds.

So, on the chart, we see a very typical for an average net fan of orders. The net step is fixed and is 15 points. The increment of the lot is the Fibonacci sequence. Apparently, to partially hedge the risk the trade is conducted simultaneously in two directions. However, the main objective of such a strategy - how to bring the series into profit as soon as possible. But here the entry direction of the first transaction is not justified by any prognosis and is purely random.

Another beautiful chart with a little more modest rates of profitability.

In history, we see signs of the trend trade - a long time of positions hold and big profits. The next step is to find out how the direction to enter is determined. Most likely, a technical indicator used with a sufficiently long period, since the direction of position changes with some delay, together with the trend on a large scale.

Conclusions

Analyzing the history of transactions of profitable trading strategies can not only help to find ideas for your own trading system but also to get a working TS “for free.” Viewing transactions on the terminal chart are much clearer than simple performance reports, which do not always make it possible to sort out the primitive martingale and other known risk strategies. With the script, you can get the history of the trading account in just a few clicks and then display it on an MT4 chart.

Download the script to transfer transaction history

Take care, Michael

ForexTraderPortal.com