Every trader should use a trading log spreadsheet when evaluating a strategy, in fact we should always log our trades! This allows us to analyse results objectively, so that we know if the strategy is a winner or a loser. We can also use these results to tweak a strategy for better performance.
There are two versions of the spreadsheet available for download:
Version 1: this is an Excel file with an extension of .xlsb. It is smaller and loads faster, but is generally not compatible with third-party software, i.e. Mac or LINUX etc.
Version 2: this is a straight Excel version of the spreadsheet. It’s a bit larger and may not load or function as fast, but has the advantage of wider compatibility with third-party software.