Excel Was the Standard — Until Now
For years, the Excel spreadsheet was the standard tool for logging trades. It is free, flexible, and works offline. But its limitations become clear as trader needs grow.
Excel Spreadsheet: Strengths and Weaknesses
Strengths
- Free and fully customizable
- Works without internet
Weaknesses
- Requires technical knowledge for correct formulas
- Does not automatically calculate relative drawdown
- Easy to corrupt with a single typo
- No automatic equity curve charts
- Difficult to access on mobile
What Changes with ForexTracker
Logging a trade in ForexTracker takes less than 30 seconds. Profit factor, maximum drawdown, win rate, and average RR are calculated automatically with every trade. Filters by pair, session, and setup with one click — no formulas to configure.
When a Spreadsheet Still Makes Sense
If you trade a few times per month and have advanced Excel knowledge, a spreadsheet can work. For those trading 5+ times per week, ForexTracker delivers more in less time.
Move from spreadsheet to a tool built for traders. Access app.forextracker.com.br for free.