Trading well isn’t just about gut instinct, it’s about tracking your results and learning from them. Edgewonk gives traders a cloud-based journal that turns raw trade data into insights you can actually use. It’s been around since 2015, serving folks in forex, stocks, futures, crypto, and options.
What Edgewonk Does
Edgewonk is an online trading journal. You can import trades automatically from over 200 brokers and 60 trading platforms.
The system analyzes performance with visual charts and metrics you can tweak. You track strategies, spot profitable patterns, and cut out those costly mistakes.
It supports all the big markets. Forex traders can dig into currency pairs, stock traders can track equities, and futures traders can keep an eye on contracts.
Crypto traders follow their coins, and options traders get analytics tailored to derivatives. Each market comes with analytics that fit its quirks.
Core Features and Analytics
Visual Performance Tracking
Edgewonk turns your trading data into visuals that actually make sense. The equity graph lets you see your account’s growth over time.
You can add moving averages or discipline tracking right on the graph. Interactive charts uncover trends that spreadsheets just don’t show.
Heat maps break down performance by hour. It’s easy to see which hours you’re making money and which ones are eating your profits.
This kind of time-based analysis helps you focus on your most productive trading sessions.
Customization Options
No two traders work the same way. Edgewonk adapts with a ton of customization.
You can create unlimited journals for different strategies or accounts. It supports over 40 currencies, even crypto denominations for tracking.
Custom tags let you sort trades however you want. Setup tracking lets you compare entry strategies.
Comment fields are there for your notes and observations. The platform grows with you as your approach changes.
Trade Import Automation
Manual data entry? No thanks. Edgewonk automates trade imports from MetaTrader 4 and 5 with automatic sync.
It reads files from NinjaTrader, TradeStation, Interactive Brokers, and plenty more. You just upload your trade history and the system pulls in the data.
If your platform isn’t supported, you can use Excel import or enter trades manually.
Psychology and Behavior Analysis
Trading psychology can make or break your results. Edgewonk tracks emotional patterns and behavior.
The Tiltmeter feature monitors discipline across trades. You rate your emotional state for each trade, and the system links those ratings to your results.
Patterns start to pop up showing how your mindset affects your bottom line.
There’s a built-in diary for jotting down thoughts and lessons. You can attach screenshots to save chart setups and market conditions for later review.
Advanced Analytics Tools
Exit Analysis
Bad exits can ruin good trades. Edgewonk’s exit analysis shows how price moved during your trades.
Visual graphs reveal how close price came to your stops and targets. The system calculates what could’ve happened with different exit strategies.
You can see potential results from trailing stops, partial exits, or stretching your targets. This helps you time your exits better.
Streak Analysis
Winning and losing streaks mess with your head. Edgewonk visualizes streaks with dedicated analytics.
It calculates streak probabilities based on your own history. You get a sense of how long your streaks usually last and how they affect your mindset.
Knowing your patterns can make losing streaks less stressful.
Mistake Tracking
Mistakes cost money, sometimes more than we realize. Edgewonk lets you tag trades with mistake types like early exits or rule violations.
It totals up losses from each mistake category. Reports show when you slip up most often.
You can focus on fixing the errors that hurt you the most.
Reporting and Performance Metrics
Edgewonk generates detailed reports across different timeframes. Weekly reports show short-term results, and monthly ones reveal bigger trends.
Session report cards grade individual trading days. The platform calculates metrics like win rate, profit factor, and average R-multiple automatically.
Drawdown analysis shows your risk exposure. Sharpe ratios measure risk-adjusted returns.
Custom filtering lets you slice and dice your data. You can analyze results by instrument, setup, time of day, or any custom tag.
Filtered reports can uncover patterns you might’ve missed.
Collaboration Features
Improvement comes faster with feedback. Edgewonk lets you share journals with mentors or accountability partners.
You can give read-only access to protect your data and still get input. Shared journals let mentors review your performance from anywhere.
You control access and can revoke it instantly.
Pricing Structure
Edgewonk uses an annual subscription. It’s $169 per year outside the EU and UK.
European customers pay VAT based on their country’s rate. The subscription covers all features, no paywalls or tiers.
You can create unlimited journals and import as many trades as you want. There’s a 14-day money-back guarantee, so you can try it risk-free.
If you don’t like it, you get a full refund. No drama.
Platform Support and Integration
Edgewonk connects with major trading platforms globally. MetaTrader users get automatic sync for continuous updates.
NinjaTrader exports work with simple uploads. The platform integrates with FTMO for prop firm challenges.
Topstep X traders can import evaluation results. TradingView paper trades import easily for practice.
Stock traders can import from Charles Schwab, Fidelity, and TD Ameritrade. Crypto traders link Bybit and MEXC Futures.
Options traders sync Tastytrade positions. There’s a lot of flexibility here.
Real-Time Notifications
Edgewonk sends alerts when it spots patterns in your journal data. Notifications highlight problems before they get expensive.
Weekly analyses land in your inbox with personalized insights. Alerts remind you about patterns worth repeating and warn you about negative habits.
Timely nudges help keep your improvement goals in sight.
Checklist Integration
Good trades follow a process. Edgewonk lets you create custom checklists for each setup.
You track which criteria you met for every trade. The platform analyzes how often you stick to your checklist.
Reports show which signals lead to the best results. You can see which rules actually matter for your bottom line.
Getting Started
New users start by creating an Edgewonk account. The setup takes just a few minutes, with guided options for configuration.
You pick your markets, currencies, and initial preferences. Next, you import your trade history or start journaling new trades.
The education resources walk you through each feature. Video tutorials show how to use the platform for different trading styles.
Journaling regularly builds a valuable data set. Daily imports keep your records fresh.
Weekly reviews help you spot new patterns. Monthly analysis sessions drive ongoing improvement.
My Conclusion
Edgewonk turns trading data into useful insights with its journaling tools. You get customizable options and automated imports, whether you’re just starting or have traded for years.
Visual analytics help you spot patterns. That means you can make better decisions and avoid expensive slip-ups.
Professional traders lean on Edgewonk to keep their edge in tough markets. If you’re still learning, the detailed performance breakdowns can speed up your progress.
The platform even digs into trading psychology. It’s a feature that tackles the mental side of trading, which, honestly, gets overlooked far too often.
Edgewonk starts at $169 per year. There’s a 14-day guarantee, so you don’t have to worry about buyer’s remorse.
If you stick with regular journaling, you’ll probably find your groove faster than those flying blind without data.