What is the difference between myfxbook or FXblue? maybe traders that want to test several trading robots can use tracking accounts separately.
This is true, But I would prefer it being done with demo account to avoid lose of funds in the process.
The difference is that the results are 1:1 with myfxbook, and fxblue has incorrect calculations from MT4 and MT5, myfxbook from MT5 is incorrect... An additional advantage is the transparent appearance of statistics, which cannot be found on myfxbook or fxblue. At the moment Fxmerge is the best free service to track results. There are plans for further development of the website, as well as free tools.
It is good to track your trading performance because it can help you to avoid previous mistakes and develop better strategies to make higher profits.
If you want to become a successful trader, you need to keep track of your performance. A trading journal is a must as it helps traders in finding out where they lack. Also, do proper backtesting. This will help you in making better trading strategies.
Tracking your trading performance is good so that you can go back and look at the mistakes you have made that led to a loss and avoid those mistakes by developing a better strategy or skill.
For me it's same as MyFxbook - pretty useless if you of course don't look for hands-down solution to calculate basics metrics of performance like Z-score or Sharpe ration or plot colourful charts. Everything essential is available in MT4/MT5 reports.