New Trading Tools for Better Results: Charts, Backtesting and Alerts

TraderWaves Team • 10 April 2026 • 5 min read

You had your say, and we listened. One of the biggest challenges traders face is not a lack of tools. It is having too many of them, spread across different platforms. Charting in one place, journaling in another, backtesting somewhere else. It breaks your focus and makes it harder to connect your decisions with your results. This update is built to fix that. We have introduced a range of new trading tools designed to help you plan, test, and manage your trades more effectively, all in one place. From backtesting your strategy to setting alerts and analysing trades with real-time charts, everything now works together to support how you trade. Here is what is now live:

Backtesting with built-in indicators and realistic execution

Trade Calculators: Plan with Precision

Helpful to use the calculators before setting up your trading system.

We have introduced a full suite of trading calculators to support your decision-making before you enter a trade.

Whether you are working out position size, risk to reward, or overall exposure, these tools help you approach each trade with structure instead of guesswork.

From quick calculations to more advanced tools such as expectancy, drawdown, and Monte Carlo simulations, you can now plan your trades with a clearer understanding of both risk and potential outcomes.

Instead of relying on rough estimates or external tools, everything you need to manage risk and structure your trades is now built into the platform.

Monte Carlo simulation calculator showing possible trade outcomes
Simulate and compare outcomes — advanced tools like Monte Carlo sit alongside your everyday risk and position sizing.

Backtesting: Test Your Strategy Before You Trade

Backtesting plays a key role in building confidence in your trading strategy.

With this update, you can now backtest your trading strategy using historical data on the Backtester to see how it performs over time. This allows you to understand whether your approach has an edge before risking real capital.

Instead of relying on instinct or recent results, you can base your decisions on structured testing.

You can:

  • Test across different time frames and speeds
  • Replay and review previous trading sessions
  • View summaries from your last backtest
  • Add indicators to match your strategy
  • Draw directly on charts using tools such as rulers and Fibonacci
  • Add notes to track your thinking during testing

You also have access to session times and economic events directly within your charts, giving you more context while you test your strategy.

Over time, this helps you build a clearer picture of how your strategy behaves in different conditions. You are not just testing trades, you are understanding them. That clarity is what allows you to trade with more confidence and consistency.

Backtester trade execution with buy and sell, partial profits, stop loss and take profit
Trade the way you would live — manage entries, partials, stops, and targets in the simulator.

Charts and Trade Review: Add Context to Every Trade

Charts are essential, but what makes the difference is being able to connect them directly to your trades.

With TraderWaves, you can journal within your charts, adding notes exactly where your trades happen. This gives you far more context when reviewing your decisions and understanding how the market behaved at the time.

Your charts include economic events, which can be filtered by high, medium, or low impact. This helps you stay aware of what is moving the market and adds important context to your analysis.

You can keep charts open in real time while you trade, using them as a live reference without needing to switch platforms. You can also explore other markets you are not currently trading, making it easier to compare setups and spot new opportunities.

You can:

  • Add notes directly within the chart
  • Filter by your own tags or setups
  • View real-time price data
  • Explore different markets in one place

This added context makes it easier to review your trades, refine your approach, and build a clearer understanding of the market.

TraderWaves charts with journaling and trade review on the chart
Journal and review where your trades happened — with economic events and real-time context on the same chart.

Alerts and Monitoring: Trade with More Confidence

Trading can feel like you need to constantly stay at your desk to avoid missing something important.

With TraderWaves, alerts give you the confidence that you will not miss key moments, even when you step away.

You can set:

  • Price alerts for key levels
  • Session open and close alerts
  • Account alerts to track activity
  • News alerts to stay aware of market events

Alerts can be sent in-app, via email, or through Telegram, so you can stay updated wherever you are.

They are fully customisable and easy to manage. You can quickly add, edit, or toggle alerts on and off, so you stay informed without being overwhelmed.

You can also log and track your alerts to make sure they are working as expected, giving you peace of mind that everything is set up correctly.

This means you are not tied to your desk. You can step away, stay in control, and still be ready to act when it matters.

Alert history table showing fired alerts and status
Review what triggered and when — your alert history keeps monitoring transparent.

From Planning to Review, All in One Place

This update brings everything together from start to finish.

You can plan your trades using calculators (pair them with a weekly review habit), test your strategy through backtesting, analyse setups using real-time charts, stay informed with alerts during live trading, and then review and analyse your trades once they are complete.

Every stage of your trading, before, during, and after a trade, is now supported in one place.

It is not just about having more tools. It is about using them together to trade with more focus, more clarity, and more precision.

In a Rush? Here is the TLDR of What’s New

Ready to check it out for yourself?

Join free and start journaling and analyzing today.

New Trading Tools for Better Results: Charts, Backtesting and Alerts | TraderWaves