Pricing built for flexibility
Choose from free, monthly, or annual plans so you can find the setup that fits your trading journey.
TraderWaves
Looking for an Edgewonk Alternative?
TraderWaves is a modern trading workflow platform — journaling, performance analytics, AI-assisted review, alerts, backtesting, and trader improvement tools in one connected place.
No spreadsheet-style workaround required.
Trusted by 50k+ traders worldwide
4.8See reviewsTraderWaves vs Edgewonk at a glance
Features and access — side by side for quick evaluation.
| Features | TraderWaves | Edgewonk |
|---|---|---|
| Free plan | Yes — generous free tier | - |
| Paid plans | Monthly & Annual tiers | $197 Annual Subscription Only |
| Wave Score | ✓ | Custom statistics & metrics |
| Manual & Auto Import | ✓ | ✓ |
| Trade journaling | ✓ | ✓ |
| Performance analytics | ✓ | ✓ |
| AI-trade insights | ✓ | ✓ |
| AI-trade coach | ✓ | - |
| Trading alerts | ✓ | - |
| Backtesting | ✓ | - |
| Multi-lingual support | ✓ | - |
| Community feedback* | 4.8/5 from 400+ reviews | 4.7/5 from 40+ reviews |
* Features, pricing, ratings, and review counts are based on publicly available information at the time of writing. Please check the official Edgewonk website and review platforms for the latest details.
What TraderWaves Offers That Edgewonk Doesn't
A broader connected workflow — beyond journal and statistics alone.
Backtesting & strategy development
Build and test strategies on historical data to validate ideas before risking capital live.
One connected workflow
Journal, analyze, alert, and refine in one platform instead of stitching tools together.
Connected workflows
How the TraderWaves workflow fits together
Successful trading is built on structured review, performance analysis, and continuous refinement. TraderWaves combines journaling, advanced statistics, charting, backtesting, and alerts into one streamlined platform designed to support long-term improvement. Unlike Edgewonk's upfront yearly commitment, TraderWaves offers flexible free, monthly, and annual plans, giving traders the freedom to choose the setup that best fits their workflow.
AI-Assisted Performance Analysis
After a session, use your personalised AI Coach to help you summarize what happened, identify recurring mistakes, and prioritize what to fix next.
Use your WaveScore to identify your strengths and weaknesses
Explore analytics
Journaling & Trade Review
Capture entries with setup, emotion, and market context. Filter by tag, outcome, or strategy and run structured weekly reviews that feed improvement — not just archives.
Explore the journal
Trading Performance Dashboard
Understand what's driving your results with detailed analytics, customizable widgets, and visual reporting tools. From P&L calendars to strategy breakdowns, your key insights stay front and center.
Performance analytics
Backtesting & Strategy Development
Validate ideas with historical testing, iterate on parameters, and connect backtest learnings to how you journal live trades.
Open the backtester
Integrated Chart Analysis
Review entries and exits alongside price action, market structure, and economic events.
Keeping chart analysis connected to journaling and performance data creates a more complete improvement workflow.
Explore charts
Alerts & Staying Proactive
Configure alerts for price levels, risk limits, and session events. Stay informed during the trading day without constant manual monitoring.
Set up alerts
Edgewonk Alternative
Why Traders Choose TraderWaves
Start free with a generous plan, then upgrade as your workflow grows — one connected platform for journaling, analytics, AI, alerts, and backtesting.
AI Trade Coach
AI-assisted feedback on trades and sessions to highlight patterns worth addressing.
Explore journalingWave Score
Go beyond P&L with a score that evaluates entry quality, exit discipline, risk control, tempo, and stability.
See analyticsPerformance analytics
Customisable dashboards and metrics for sizing, timing, and strategy refinement.
View analyticsJournaling & trade review
Log, tag, note, and review with Ai filtering that makes trade review easy.
Journal featuresAlerts
Price, risk, and session alerts so you respond deliberately, not reactively.
Explore alertsBacktesting
Test ideas against historical data before risking capital live.
Try the backtesterTrusted by over 50,000+ users
Don't believe us? Check out our 5 star reviews for yourself.
See our reviewsIs TraderWaves Best for You?
Especially for traders evaluating alternatives and looking for something beyond a standalone journal. TraderWaves is built for traders who want connected improvement workflows, not just a place to log trades.
- Traders who want AI-assisted analysis to speed up trade review
- Traders who care about measurable performance improvement over time
- Traders who want journaling, analytics, charts, and backtesting all in one integrated workflow
- Traders who want to stay informed with real-time account, market, and price alerts
- Traders who want to test ideas, refine strategies, and validate performance through backtesting
- Traders looking for a strong free starting point before upgrading
Frequently Asked Questions
Common questions when comparing trading journal and workflow platforms.
What is the best Edgewonk alternative?
TraderWaves is one of the best Edgewonk alternatives for traders looking for more than a standalone trading journal. TraderWaves combines trade journaling, advanced trading analytics, AI-assisted trade review, alerts, and backtesting into one connected trading system.
Is TraderWaves free?
Yes! TraderWaves offers a generous ad-free free plan. We believe trade journaling is an essential part of trader development and should be accessible to everyone, which is why our free tier is here to stay. For traders who want advanced tools and premium features, our Pro plan is available.
Does TraderWaves include AI-assisted trade analysis?
Yes! TraderWaves Pro plan includes AI-assisted trade review and coaching features designed to help you spot patterns and improve faster than manual review alone.
Can TraderWaves help with trade journaling?
Yes. You can log trades with notes and tags, filter by setup or outcome, and run structured reviews with performance metrics — with AI assistance to highlight what to focus on next.
Does TraderWaves include trading analytics?
Yes. TraderWaves includes performance dashboards, metrics, and analytics tools to turn your trade history into actionable insight.
Explore Other Alternatives
Compare TraderWaves with other trading journals and performance platforms.
Ready for a better trading workflow?
TraderWaves brings journaling, analytics, AI, alerts, and backtesting into one connected platform.
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