Trading Edge Report: Turn Setup Data Into One Weekly Action Item
Use a weekly trading edge report review to move from setup-tag metrics to one concrete action item for the next trading week.
Reviewing trades can turn into a long list of observations with no clear next step. A trading edge report solves a narrower problem: it helps you review setup groups and choose one practical action item for the coming week.
This is not financial advice, and it is not a prediction method. It is a structured way to look at past trades by setup tag, using the metrics TradeTally surfaces in its edge reports.
Start with a date-filtered weekly review in TradeTally Analytics
Begin by opening the Analytics section in TradeTally and filtering the edge report by the date range you want to review. For a weekly review, that might be the previous trading week, but the important point is to define the period before judging the numbers.
TradeTally edge reports are available from Analytics and can be filtered by date range. When you review the report, you can expect setup-tag groupings with win rate, profit factor, average R, and trade count. You can learn more about the broader product area on the TradeTally Features page.
The date filter keeps the review focused on the trades from the period being evaluated. Without that boundary, a weekly review can drift into a general review of everything you have ever traded, which makes it harder to leave with one action item.
Use setup tags as the unit of review, not isolated trades
A single trade can be useful to inspect, but it should not be the whole weekly decision. For this review, use the setup tag as the unit of analysis so the action item is tied to a specific setup category.
TradeTally edge reports group trades by setup tag. That makes each setup visible as its own reportable group, with the same fields available across the report: win rate, profit factor, average R, and trade count.
This matters because the weekly question becomes more specific. Instead of asking, “Did I trade well last week?” you can ask, “Which setup tag had enough information to review, and what does its report show?” For a deeper discussion of why tags matter in a journal, read Trading Setup Tags: Why They Matter More Than Tracking More Indicators.
Trading edge report metrics: check trade count before judging the setup
Before reacting to win rate, profit factor, or average R, check trade count. A setup with enough sample size and strong metrics is a confirmed edge, but “enough” should be based on the trader’s own review standards.
If the trade count is too small for your standards, do not force it into the weekly action item. Mark it as “not enough data yet” and keep the review focused on setup groups that have enough trades to evaluate.
The other fields still matter. Win rate shows how often the setup group closed as a winner. Profit factor helps evaluate the relationship between gains and losses for that setup group. Average R gives another way to review the setup group using R-based results. TradeTally surfaces these fields in the edge report so each setup tag can be reviewed with the same basic information.
The goal is not to make the metrics say more than they can say. The goal is to avoid making a weekly decision from a setup group that barely appeared in the date range.
Separate confirmed edges from process issues
Once you have the setup groups in front of you, sort them into three plain-language buckets: confirmed edge, process issue, or not enough data yet. Keep the labels simple so the next step is easy to choose.
A setup with enough sample size and strong metrics is a confirmed edge. A setup with low profit factor or high loss rate signals a process issue to address. If the setup does not have enough trades for your standards, keep it in the “not enough data yet” bucket.
This is a review step, not an instruction to enter or exit any market position. The report is looking backward at trades grouped by setup tag. Your task is to identify what the report is saying about the setup categories you traded during the selected date range.
For active traders comparing tools, the ability to review setup-level information is one item to consider alongside other journal requirements. The Trading Journal Software Comparison Checklist for Active Traders is a useful related resource if you are evaluating what you want from review software.
A worked example with hypothetical numbers
Assume the following numbers are hypothetical and only used to demonstrate the review process. They are not a benchmark, recommendation, or expected result.
| Setup tag | Trade count | Win rate | Profit factor | Average R | Review bucket |
|---|---|---|---|---|---|
| Opening pullback | 18 | 56% | 1.8 | 0.42R | Confirmed edge candidate |
| Late breakout | 14 | 29% | 0.7 | -0.31R | Process issue |
| Reversal scalp | 3 | 67% | 2.1 | 0.50R | Not enough data yet |
In this example, the “Opening pullback” setup has enough trades for this hypothetical trader’s weekly review standard and has stronger metrics than the other reviewed groups. The “Late breakout” setup has a low profit factor and a high loss rate, so it belongs in the process issue bucket.
The “Reversal scalp” setup looks positive in this hypothetical table, but the trade count is only three. If that is below the trader’s own sample-size standard, it should not become the weekly action item yet.
Choose one weekly action item from the report
After the setup groups are reviewed, write one action item using a simple sentence:
“This week, I will focus on/stop trading/address [setup tag] because [metric signal].”
TradeTally edge reports make it easy to identify which setups to focus on and which to stop trading. Keep the action item tied to a report signal rather than a vague feeling about the week.
- Focus: “This week, I will focus on Opening Pullback because it has enough sample size and strong metrics in the reviewed period.”
- Address: “This week, I will address Late Breakout because its profit factor is low in the reviewed period.”
- Stop trading or address: “This week, I will stop trading or address Late Breakout because the setup shows a high loss rate in the reviewed period.”
Choose only one. If you choose three action items, the review becomes a task list instead of a decision. The point of the weekly trading edge report is to narrow setup data into one next step you can actually track in your own review process.
If you are ready to review your own setup data, start with TradeTally at https://tradetally.io. If you are still evaluating journal options, you can also compare trading journals before deciding what fits your review process.
Keep the weekly review repeatable
Use the same sequence each week: filter the edge report by date range, review setup tags, check trade count, evaluate win rate, profit factor, and average R, then choose one action item.
The value of this review comes from applying the same fields consistently. You do not need to make the process complicated. The report already groups trades by setup tag and surfaces the core metrics needed for this type of review.
If you sometimes review away from your desk, this related article may be useful: iPhone Trading Journal: How to Review Trades Away From Your Desk With TradeTally.
FAQ: Using a trading edge report for weekly trade reviews
What is a trading edge report?
In TradeTally, an edge report groups trades by setup tag and shows win rate, profit factor, average R, and trade count for each setup group.
How do I know if a setup is a confirmed edge?
A setup with enough sample size and strong metrics is a confirmed edge. TradeTally surfaces trade count and the key metrics used in that review.
What should I do if a setup has a low profit factor or high loss rate?
Treat it as a process issue to address. TradeTally edge reports make it easy to identify setups that may need focus or that you may decide to stop trading.
Can I review only last week’s trades?
Yes. TradeTally edge reports are available from the Analytics section and can be filtered by date range, so you can review a specific period such as the previous trading week.
Use your next weekly review to turn setup data into one action item. Review your setup tags and edge report metrics in TradeTally at https://tradetally.io.