I've been trading with Oanda for a long time, and they are great. But even they don't have advanced trading journal reports<\/strong>.<\/p>\n That means you're on your own if you want to get useful data on your Forex trading.<\/p>\n There are a few options out there to get third party analytics, but NakedMarkets is the best option that I've found for Oanda reporting. It automatically downloads the data, and you only pay a one-time fee for the software.\u00a0<\/strong><\/p>\n Here's how to set it up…<\/p>\n After you download NakedMarkets<\/a>, go to: Statistics<\/strong> > Stats Center<\/strong>.<\/p>\n When the Statistics Center<\/em> opens, go to: Source<\/strong> > Import from Oanda API…<\/strong><\/p>\n Then this window will pop up.<\/p>\n In order to get your reports, enter your personal access token.<\/p>\n If you want help getting the token click on the “How to obtain the token?” link, or follow the instructions below…<\/p>\n To get your personal access token, open a browser and login<\/a> to your Oanda account.<\/p>\n In your account, go to Tools<\/em> in the upper left corner of the page and click on Other > API<\/strong>.<\/p>\n Then follow the instructions on the page to get your token. Copy and paste the token into NakedMarkets and click on the Connect<\/em> button.<\/p>\n Once you're connected, you'll see a list of your accounts in Oanda.<\/p>\n Select the account you want a report from, then select the date range you want the report for.<\/p>\n If you want a report on all trades, check the Full import<\/em> checkbox.<\/p>\n Once your trades are finished importing, you'll see the stats in the stat center.<\/p>\n The first page will show you the performance of your account, some basic stats, and a breakdown of your performance by month\/year.<\/p>\n The next page will give you more detailed stats on your performance.<\/p>\n On the other pages, you can get data on:<\/p>\n The final page provides a Monte Carlo simulation<\/a><\/strong> tool. This allows you analyze your trades and figure out how risky your strategy is and what your worst drawdown could be.<\/p>\n There are a few services out there that provide Oanda report integration.<\/p>\n But these are the reasons why I prefer using NakedMarkets.<\/p>\n Your needs may be different, so do your own research and find what works for you.<\/p>\n The other services have a monthly fee because they are web-based.<\/p>\n With NakedMarkets, you pay a one-time fee for the software and you're done.<\/strong><\/p>\n You own your reports and they get saved on your computer.<\/p>\n As you can see from the tutorial above, it's easy to download your trading history to create a report.<\/p>\n You can get generate a report any time you want and the software has very useful tools and metrics.<\/p>\n Save your report for future reference.<\/p>\n There are some trading journal apps that provide way too much data.<\/p>\n The thing I like about NakedMarkets is that the reports have enough detail, but not an overwhelming amount of data.<\/p>\n It's information that I actually use.<\/p>\n This is a big one.<\/em><\/p>\n Monte Carlo simulations basically mix up your trades randomly so that you can see the best and worst case scenarios for your trading performance.<\/p>\n Multiple simulations are run and the average of metrics like drawdown are calculated.<\/p>\n With this software, you can even randomly exclude trades to simulate you missing trades.<\/p>\n Running these simulations are key to seeing the worst case scenarios for your strategy.\u00a0<\/strong><\/p>\n You may not be interested in backtesting, but NakedMarkets is great for backtesting.<\/p>\n It's easy to compare your live trading results in Oanda, to your backtesting results, to see if anything out out of line.<\/p>\n To see my review of the software for backtesting, go here<\/a>.<\/p>\n If you don't want your trading data stored on someone else's server, then I don't blame you.<\/p>\n Since NakedMarkets runs on your computer, your data is saved locally and nobody else has access to it.<\/p>\n On top of that, if you ever decide to cancel a web-based subscription service, you could lose all of your data if that service doesn't have a download feature.<\/p>\n Just be sure to back up your computer when using NakedMarkets.<\/p>\n There is only one real downside of using NakedMarkets, and some may not see it as a downside.<\/p>\n Other Oanda reporting solutions are online and can be accessed from a browser.<\/p>\n So you can get your reports on any computer.<\/p>\n Since NakedMarkets is installed on a single computer, you can only get your reports on one computer.<\/strong><\/p>\n It's designed this way because it's primarily a backtesting software<\/a> and it's hard to create backtesting software that works well in a browser.<\/p>\n In addition, you should backup your files periodically when using NakedMarkets because they are not automatically backed up, like with a cloud service.<\/p>\n If you absolutely need a web based app, then NakedMarkets is not for you.<\/em><\/p>\n So if you trade with Oanda<\/a> like I do, then this is something that you've probably been waiting for.<\/p>\n There are a few trading journal options out there that allow you to get detailed trading reports from Oanda.<\/p>\n But the others have a monthly fee and the costs can add up.<\/p>\n NakedMarkets allows you to download your data and you also get a great way to backtest your trading strategies<\/a>. In fact, it's my favorite backtesting software<\/a>.<\/p>\n To give NakedMarkets a try, go here<\/a>. They have a free trial<\/a>, so you can try it before you buy.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" This software will give you detailed reports via the Oanda API. Setup your report in just a few clicks and get vital stats on your trading.<\/p>\n","protected":false},"author":2022,"featured_media":1022473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201007],"tags":[201621],"class_list":["post-1021846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-software-tutorials","tag-nakedmarkets-tutorials","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"yoast_head":"\nOpen the Stats Center<\/h2>\n
![\"NakedMarkets](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/stat-center.jpg\")
<\/p>\nSetup the Connection<\/h2>\n
![\"Connect](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/oanda-api.jpg\")
<\/p>\n![\"Oanda](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/oanda-api-import.jpg\")
<\/p>\n![\"Oanda](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/oanda-tools.jpg\")
<\/p>\n![\"Data](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/data-import.jpg\")
<\/p>\n![\"Trading](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/trading-performance-.jpg\")
<\/p>\n![\"Overall](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/overall-stats.jpg\")
<\/p>\n\n
![\"Monte](\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/monte-carlo.jpg\")
<\/p>\nThe Benefits of Using NakedMarkets as an Oanda Trading Journal<\/h2>\n
No Monthly Fee<\/h3>\n
Easy Integration<\/h3>\n
Detailed, Yet Easy to Understand Reports<\/h3>\n
Monte Carlo Simulations<\/h3>\n
Backtesting<\/h3>\n
Data is Saved on Your Computer<\/h3>\n
The Downsides of Using NakedMarkets<\/h2>\n
Conclusion<\/h2>\n