Chartlog Review – Best Day Trading Software for Analytics?

Chartlog
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What is Chartlog?

An analytics and journaling platform for active day traders, Chartlog is one of the best solutions available for tracking trade strategies, P/L, and more. This browser-based software program features a stunning UI and its ease-of-use allows you to immediately get things up and running after your first login.

Software Details

DevelopersAdrian Campos and Igor Milivojevic
Launched2019
PlatformBrowser-based
Users1,000+
IncludedTrade journal, detailed analytics, automatic data import, interactive charting, equity graph, positions log, strategy tracking
SubscriptionsFree, Pro
PriceClick here
Coupon CodeTRADINGREVIEWERS2021 ($100 off annual plan)
Review Contents
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    Community Rating

    4.0
    Rated 4.0 out of 5
    4.0 out of 5 stars (based on 2 reviews)
    Excellent50%
    Very good0%
    Average50%
    Poor0%
    Terrible0%

    Photos

    About the Developers

    Adrian Campos and Igor Milivojevic

    Chartlog was founded by Adrian Campos and Igor Milivojevic, day traders and software developers who wanted a better solution for journaling and trading analytics than what was currently available. Both members of the same trading community (Bear Bull Traders), Adrian and Igor were independently working on trading journal applications at the same time and decided to collaborate and form a partnership. The result is Chartlog, which was initially launched in 2019.

    What's Included

    Since the Chartlog’s launch, platform functionality has continued to grow with the introduction of the following features:

    • Strategy tracking
    • Strategy checklists
    • Chart themes
    • Chart studies
    • Chart templates
    • “Insights” analytics
    • Manual adding of commissions
    Adrian and Igor continue to aggressively develop Chartlog and have plans to introduce the following features soon:
     
    • Swing trade support
    • Ability to populate account with dummy data on signup for “sandbox mode”
    • Rapid expansion of “Insights” analytics, allowing users to create their own data sets and dashboards using bar charts, line graphs, pie charts, etc
    • Integration of 10 more trading platforms and brokers
    • Integration of first direct access broker (Interactive Brokers)
    • Options trading support
    • Data export functionality

    In the following sections, we’ll take a detailed look at the features that are currently available on the platform…

    Beautifully Designed Dashboard

    Traders who have previously used other analytics software or spreadsheets to track their performance will be blown away by Chartlog’s clean, modern interface. Well-organized and beautifully designed, Chartlog’s dashboard is easy on the eyes and a breeze to navigate, giving you instant access to the data and visuals you need to make better trading decisions.

    Detailed Statistics

    As you’d expect, Chartlog provides detailed statistics on your previous trading history — something that smart traders review daily in order to correct mistakes and improve overall performance.

    At a glance, Chartlog will provide you with the following data:

    • Winner accuracy %
    • Average P/L per position
    • Average positions per day
    • Average P/L per day
    • Average winner profit
    • Average loser profit
    • Highest win
    • Highest loss
    • Average scale-ins per position
    • Average scale-outs per position

    In the dashboard area, Chartlog also displays stats from the previous 10 trading days, including the date, number of trades, times of first and last trades, duration, and P/L.

    Equity Graph

    Equity Graph

    Chartlog’s Equity Graph is clean and easy to read, providing you with a beautiful visualization of your trading performance. The Equity Graph is displayed by default in the platform’s dashboard area, providing you with a line chart of your performance over the previous 5 months. Alternatively, you can access the Equity Graph under the “Insights” tab which gives you the ability to customize the output using filters (symbol, tag, strategy, and shared) and different time frames (today, yesterday, last 7 days, this month, last month, this year, and custom range).

    Journaling

    Trade Journal

    Under the “Journal” tab, you’ll find Chartlog’s handy journaling feature. We love the unique layout of Chartlog’s journal which allows you to quickly access a particular day, review the total profit, winner accuracy, total trading time duration, and notes for the day. Chartlog also lists all positions for that day, and when you click on a position, the software provides you with some additional details as well as an interactive chart that includes arrows showing your entries and exits.

    Positions Log

    Chartlog’s Positions log gives you an easy to read list of every ticker you traded along with the following data:

    • Arrow icon for long/short
    • Date/time of trade
    • Stock symbol
    • Number of shares traded
    • Entry price
    • Exit price
    • Scale in/scale out figures
    • Gross P/L
    Chartlog also gives you the ability to customize the output using filters and customized time frames. Lastly, you can instantly load an interactive chart for each position by simply clicking on the position.

    Trading Strategy Tracker

    Chartlog also provides users with the ability to track the performance of specific trading strategies. To take advantage of this functionality, you first need to add the strategies that you’re trading under the “Library” tab. Next, you can tag each trade with the appropriate strategy and view the overall performance under the “Insights” tab.

    Insights

    As mentioned, Chartlog’s “Insights” tab is the area that provides you with a customized view of your trading performance. This page is subdivided into the following four sections, providing you with alternate views:

    • Overview
    • Strategies
    • Days
    • Time

    Interactive Charts

    Interactive Stock Charts

    Chartlog pulls in beautiful interactive charts, courtesy of TradingView. In addition to arrows that show your exact entries and exits on a name, Chartlog’s charts offer several markup options as well as the ability to customize them with a variety of indicators and time frames.

    Automatic Data Imports

    Chartlog also features a custom data import application that automatically connects to your trading platform and imports all trade data in real-time. This is super convenient and a better option than manually importing your trade activity each day, but it currently only works with DAS Trader Pro.

    Reader Reviews

    What I don’t like…

    Rated 3.0 out of 5
    October 6, 2020

    What I don’t like is that it is not compatible with Etrade and then when you try to format it into csv a bunch of data is not available and it fails.

    EP

    Your search is finally over…

    Rated 5.0 out of 5
    June 26, 2020

    If you’re a day trader and are tired of tracking your trades in clunky software programs or complicated spreadsheets, your search is finally over. Chartlog is a beautiful and easy-to-use program that provides the detailed analytics and journaling that you need to make better trading decisions. With free and paid subscription plans available, Chartlog is a total no-brainer.

    Jason

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    Have you used Chartlog? If so, please let other traders know what you think about it.

    Pricing + Coupon Code Discount

    At the moment, Chartlog offers two different types of accounts:

    1. Free
    2. Paid (Pro)

    We love the fact that the developers have made a no-cost option available to users and believe that many will upgrade to their premium Pro account after spending some time with the system. The cost of Chartlog’s Pro subscription is $19.99 per month and at this time, there’s no discounted annual option offered as you see with most other platforms.

    Here’s a comparison chart showing the differences between Chartlog’s Free and Pro accounts:

    MEMBERSHIPFREEPRO
    PRICE$0$19.99 per month
    FEATURESAutomatic imports, interactive charts, journal (limited to 30 days of history)Automatic imports, interactive charts, full journal access, strategies, insights

    Chartlog Walkthrough [VIDEO]

    (USE TRADINGREVIEWERS2021 FOR $100 OFF)

    FAQs

    At this time, Chartlog is specifically designed for day traders, although support for swing trading is being added in the near future.

    Pros and Cons

    Pros
    Cons
    • Clean, modern design
    • Browser-based, works with every operating system
    • Easy to navigate
    • Free and paid subscription options
    • Robust trade tracking and insightful analytics
    • Integrated journaling for post-trade analysis
    • Interactive charting
    • Convenient auto-import feature (for DAS Trader Pro)
    • Responsive customer support

    Best for?

    Chartlog is ideal for active day traders who are looking for a robust and beautiful trade journal and analytics tracker. Additionally, the Free and Pro subscription options offer something for every trader, regardless of budget.

    2 thoughts on “Chartlog Review – Best Day Trading Software for Analytics?”

    1. Typically my approach is more of a swing trader, at times I will catch dividends and it is helpful for me to learn if it was better to sell just prior to the dividend or to catch the dividend, hold for a little while, then sell. Will this program assist me with keeping track of this info?
      Would be nice to see it connect with Questrade.

      Lionel

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