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Episode 21

A trader can have several accounts

At first, I naturally thought in terms of one trader, one account. Then the reality of trading quickly caught up with me.

Many traders don't have a single account. They may have a personal account. A simulation account. Several prop firm accounts. Sometimes several platforms. And sometimes the same strategies are used across different accounts.

From there, LowFlow had to be able to track all of this without mixing the data.

The account becomes an important dimension of the journal

Two identical trades on the same instrument are not necessarily the same trade. They can belong to two different accounts. They can have different sizes. Different commissions. Different objectives.

So the account has to stay attached to each transaction. And the trader has to be able to choose what they want to look at. A single account. Several accounts. Or all of them.

The danger is merging everything too early

This is a problem I ran into several times during development. When a piece of data serves many purposes, it becomes easy to give it too many responsibilities. Then one day, a rule changes and everything becomes hard to untangle.

So I learned to keep the roles separate. The account says who the trade belongs to. The trade keeps its identity. The statistics then use the chosen filter. But none of these layers should reinvent the others.

Comparing without changing the original data

The trader may want to know: which account was the most active? How does a setup behave across two accounts? How many trades were taken in total? Or simply hide an account they no longer care about.

The journal can show several different views without changing what was actually recorded. And this comes back to the same principle: the data stays the data. The view is a choice.

Several accounts, several platforms, but one memory

That's where the structure really starts to get interesting. A trader can use NinjaTrader for one account. Sierra Chart for another. Import an old history via CSV. Add screenshots.

And despite all these different sources, LowFlow has to be able to rebuild a coherent history. Not because all platforms work the same way. But because in the end, the trader has to be able to find their own trades, no matter where they come from.

This is one of the differences between a prototype and a product

A prototype works perfectly in the scenario it was built for. A product has to keep working when users start using it in a way the developer had not imagined on day one.

That's why LowFlow gradually became more modular. Not to add complexity. To be able to accept the trader's reality without asking them to adapt to the software.

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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

CFTC Rule 4.41 - Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.