FAQ: What are "strategy tags"?

What are "strategy tags"?
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The Strategy tab of the Stats page can analyse your trading results based on the "magic number" of orders (MT4/MT5 only), or based on tags which you define to match against each order's comment.

For example, let's say that you follow two trading strategies, and you enter "strategy1" or "strategy2" as the comment when placing an order. Sometimes you are particularly sure or unsure about the prospects for a trade, and you add either "safe" or "risky" to the order comment, e.g. "strategy2 risky".

You can then define strategy tags which automatically update on the Strategy tab based on the orders you publish. For example, you can create a tag which looks for all orders whose comment contains "strategy1", or a tag which looks for all orders containing "risky", or a tag which matches orders containing both "strategy1" and "risky". You simply define as many tags as you like using the Strategy Tags button.

You can draw a quick chart of the results for a single tag by selecting it in the grid and clicking on the Filtered Chart button, or you can use the strategy tag options in the main list of charts on the Charts tab to compare different tags. Please note that a single order can match more than one tag, and the total profitability of each tag on the Strategy tab can therefore be different to the total profitability of the account as a whole.

It is important that strategy tags are based on the order comment which you define when placing a trade. All you have to do is define your strategy tags once; you do not have to manually assign tags to each order after publishing your results. The system also helps you stay disciplined about your trading and results: if you thought a trade was safe when you placed it, you cannot then remove the "safe" tag later if it goes badly, because the order comment is read-only.

You need to be logged in to your FX Blue account in order to set up strategy tags, and you need to be publishing your order comments. For example, if you are using our Publisher EA, make sure to turn on the PublishOrderComments parameter.

For an example of strategy tags, see https://www.fxblue.com/users/strategytagexample/stats#strategy

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