For MetaTrader 4 & 5 · forex and CFD
An Edgewonk alternative for MT4/MT5 traders — free for one account
Edgewonk is a deep analytics journal at $35 a month or $197 a year, with no free plan. If you trade forex or CFDs on MetaTrader, this journal does the core free on one account: each deal from your terminal within a minute, P&L that matches the statement, a one-minute review of the day.
For forex and CFD traders on their own broker account or prop challenges. Upload last month’s report and see it in a minute — or connect the terminal once and forget about it.
- Read-only
- Never places trades
- No password
- EURUSDBuy+42.10 USD
- XAUUSDSell−18.40 USD
- GBPUSDBuy+26.75 USD
Edgewonk and this journal, side by side
| What matters | Edgewonk | Trading Journal |
|---|---|---|
| Price | $35 a month or $197 a year, every feature in both; 14-day money-back guarantee. No free plan. | Free for one account, connector included, no trade limit. Pro (more accounts, API sync) — price set before launch. |
| How MT4/MT5 trades get in | MetaTrader’s FTP report publishing set up in Tools → Options → FTP: new trades sync when the terminal starts and at the refresh interval. On MT5 also a read-only EA. | A read-only connector in your terminal with a key you can revoke: each new deal within a minute, no FTP set-up. Or the report file (MT5 HTML or XLSX, MT4 statement). |
| Matches the broker statement | — | Every import is reconciled with the statement totals; any difference is shown, duplicates are skipped. |
| Discipline and review | The Tiltmeter shows how closely you follow your plan; trade comments; Chart Lab reports on setups, timing, mistakes and risk. | Mistake and emotion tags in a minute, the cost of each mistake, rules kept vs. broken. |
| Backtesting and simulation | A backtester for test trades you enter by hand, and a performance simulator. | Not for forex and CFDs yet: the price data needs a licence first. |
— means we did not find it on their public pages, not that it does not exist.
Checked 2026-10-28 on their public pages: Pricing · MetaTrader sync · Changelog · Tiltmeter · Backtester
Something here is out of date? Tell us with «Report a data problem» in the app — we fix it and update the date.
Where Edgewonk is stronger
- Chart Lab: reports on setups, timing, mistakes, trade management and risk.
- The Tiltmeter: a visual of how closely you follow your trading plan.
- A backtester and a performance simulator for «what if» scenarios.
- Markets beyond MetaTrader: stocks, futures and crypto.
Which one fits you
Pick Edgewonk if…
you want deep analytics and discipline tools across several markets and are fine paying $197 a year.
Pick this journal if…
you trade forex or CFDs on MT4/MT5 and want each deal in within a minute without FTP set-up, P&L that matches the statement — and the journal itself free.
Try it on last month in a few minutes
No need to give anything up: the history comes from MetaTrader itself.
- 01
Export the MT5 report (HTML or XLSX) or the MT4 statement — for the whole period you want.
- 02
Upload it here: the statistics appear in about a minute; uploading the same file again adds nothing.
- 03
Add the read-only connector so every new deal arrives by itself. Edgewonk can keep syncing from the same terminal.
Pricing
The journal itself is free. Pro pays for what costs us money: more accounts, API sync, storage.
Free
$0 forever
- One trading account
- MT4/MT5 connector or report files
- Daily review, reports, cost of mistakes, rules
- Stop, target and R on every trade
- 1 GB for files and screenshots
Pro
Soon
- Unlimited accounts — every challenge and broker
- API sync: Bybit, Hyperliquid, Interactive Brokers
- 20 GB for files and screenshots
- Everything in Free
The price is set before the public launch.
Join the Pro waitlistDuring the beta everything is free. Billing starts after launch, and you cancel in two clicks.
Questions
›Can I keep Edgewonk running?
Yes. Edgewonk syncs through MetaTrader’s FTP report publishing or its own read-only EA; our connector is a separate read-only EA. None of them places trades, so they can run in the same terminal.
›Is it really free?
Yes, for one trading account: the MT4/MT5 connector or report files, the daily review, reports, the cost of mistakes and rules, with no trade limit. Pro adds more accounts and API sync; its price is set before launch.
›Is it safe to connect my trading account?
The connector runs in your own terminal and only reads the history. It never places, modifies or closes orders — our build checks its code for trading calls — and its source is published with checksums. We never ask for your master or investor password.
›Is my broker supported?
If your broker runs MetaTrader 4 or MetaTrader 5, yes: the connector works from inside the terminal, whoever the broker is. You can also upload the MT5 HTML/XLSX report or the MT4 statement.
Bring in last month’s trades and see where it went.
Start freeEdgewonk is a trademark of its owner. We are not affiliated with it; the comparison is ours.