TradeZella is a trading journal and analytics platform for traders who want to get better through data analysis, strategy testing, and detailed tracking. The platform gives you tools to spot your strengths and weaknesses, tweak your strategies, and try to build real consistency in your trading approach.

Features

TradeZella packs in a bunch of features to help you analyze and (hopefully) improve your trading. The whole thing revolves around a few core capabilities that work together to create a pretty robust improvement system.

Automated Trade Journaling

TradeZella automates the journaling process by connecting with over 20 brokers and trading platforms. You can import trades by syncing your broker, uploading files, or just entering them manually if you’re old-school.

The system calculates key stats like win rates, profit factors, and risk metrics on its own. That saves you time and keeps your records accurate no more fumbling with spreadsheets or calculators.

Analytics Dashboard

The analytics dashboard gives you a visual breakdown of your trading performance. You get profitability charts, calendar views of your activity, and performance metrics across different timeframes.

It highlights patterns in your trading behavior, showing when you’re at your best and where you might be slipping up.

Detailed Reporting

TradeZella includes over 50 different reports to help you dig into your performance. These reports show your best and worst trading days, top strategies, and mistakes that cost you money.

You can filter by date, strategy, or even market conditions to get insights tailored to your habits.

Playbooks

The playbook feature lets you document your trading strategies and rules. If you’re on the Pro plan, you can make as many playbooks as you want to track different approaches.

The system analyzes how each strategy performs over time, showing win rates, profit factors, and expectancy. That way, you can focus on what’s working and reconsider what isn’t.

Backtesting

TradeZella’s backtesting tool lets you test strategies against historical market data. There’s up to a decade of historical data for stocks, forex, futures, and crypto.

You can use multi-timeframe and multi-chart analysis, zoom in to the seconds timeframe for precise testing, and even integrate economic calendars. It’s honestly pretty flexible.

Trade Replay

The trade replay feature lets you review past trades in detail. You can play back the market tick by tick, check your entry and exit points, and see how the market moved during your trades.

This helps you spot execution errors and find new opportunities for improvement.

Risk Management Tools

TradeZella includes tools to help you manage risk. You can track R-multiple (risk-to-reward ratio), set stop-loss and take-profit levels during backtesting, and analyze position sizing.

The platform automatically calculates risk per trade, so you don’t have to worry about position sizing errors sneaking in.

Mentoring and Education

There’s a mentoring feature where experienced traders can share insights. With “Mentor Mode,” you can invite others to view your trades and strategies.

“Zella University” provides learning resources, webinars, and bootcamps to help you level up your skills. It’s a nice touch if you’re the type who learns best with a bit of guidance.

Costs

TradeZella offers two subscription tiers with different features and price points:

Basic Plan

  • Monthly price: $29 per month
  • Annual price: $24 per month ($288 billed annually)
  • Features included:
    • 1 trading account
    • 1 GB storage
    • 3 playbooks
    • 5 mentor invitations
    • Analytics dashboard
    • Automated journaling
    • Performance tracking

Pro Plan

  • Monthly price: $49 per month
  • Annual price: $33.25 per month ($399 billed annually)
  • Features included:
    • 20 trading accounts
    • 5 GB storage
    • Unlimited playbooks
    • Unlimited mentor invitations
    • Backtesting tools
    • Trade replay functionality
    • Seconds timeframe for detailed analysis
    • Multi-chart analysis
    • Access to Zella University resources

The annual subscription is definitely cheaper than paying monthly. The Basic plan saves you 17% if you go annual, while the Pro plan knocks off about 32% for yearly subscribers.

Some third-party sites have discount codes floating around. There’s a 20% code (MM20) mentioned in some reviews, and a 10% discount for certain affiliate subscribers if you look around.

Summary

TradeZella gives traders a pretty solid suite of tools for improving performance with data analysis and strategy testing. It combines journaling, analytics, backtesting, and education into one platform.

Pros and Cons

Pros:

  • Comprehensive data analysis helps traders spot strengths and weaknesses.
  • Automated journaling saves time and cuts down on manual work.
  • Integration with over 20 brokers makes importing trades a breeze.
  • Backtesting lets you test strategies without putting real money on the line.
  • Trade replay pinpoints execution errors you might’ve missed.
  • Mentoring features create space for collaborative learning.
  • Educational resources add extra value for users.
  • Annual subscriptions can save you a decent chunk of change.

Cons:

  • The Basic plan doesn’t offer backtesting or trade replay.
  • New users might face a bit of a learning curve at first.
  • The Basic plan limits you to just one trading account.
  • Storage is a bit tight 1 GB in Basic, 5 GB in Pro so long-term users might feel cramped.
  • Some of the cooler advanced features only show up in the Pro plan.

TradeZella tries to keep things affordable, especially when you stack it up against competitors like TraderSync. At the Pro level, you get backtesting at a lower price than some other platforms.

The platform aims to cover traders at all experience levels. Beginners can use the basic journaling features, while more advanced traders get detailed performance analysis and strategy testing. The two-tier pricing means you can start small and upgrade as you figure out what you need.