METATRADER 5 TRADING JOURNAL
The MT5 Trading Journal Built Around Your Performance
Automatically import MetaTrader 5 trades into TraderWaves and analyse multi-asset activity in one journal. Add behavioural context, then analyse performance by symbol, session, costs and setup from a connected workspace.
- Auto trade import
- Unlimited journal screenshots
- Unlimited journal notes
- Free forever plan
Example TraderWaves journal entry for an imported MT5 EUR/USD trade, with strategy tag London breakout, mistake tag Entered early, custom tag HTF bullish, London session, Asia range break setup, Calm emotional state, a 4 out of 5 rating, a journal note, and entry and exit chart screenshots.
- Symbol and direction: The traded symbol and buy or sell direction.
- Entry, exit, and size: Entry, exit, and position size from the recorded trade.
- Open time, close time, and holding time: When the trade opened and closed, and how long it was held.
- Stop-loss and take-profit: Recorded where those levels are present on the trade.
- Commission, swap, and fees: Trading costs stored as separate fields on supported imports.
- Profit and Net Profit: Gross and net results so costs are not mixed into one number.
- Magic number: Recorded where MetaTrader attached a Magic number to the trade.
- Session, strategy, and behaviour: Filter by session after import, then add Strategy Tags, Mistake Tags, Custom Tags, notes, screenshots, Star Rating, and Emotional State yourself.
Why use TraderWaves as your MT5 journal?
Keep forex, CFDs and other supported MT5 activity in one review instead of reconstructing performance from scattered terminal histories. TraderWaves is for the work after execution: turning a connected book into something you can actually learn from.
AUTOMATIC TRADE SYNCING
Connect MT5 once and skip the manual trade logging
Quickly connect a supported MT5 account with automatic trade syncing. Your trades will appear in TraderWaves journal and analytics, giving you more time to review your performance instead of copying data.
- Keep your journal and analytics up to date
- Automatically import MT5 trade history
- Add notes, screenshots and tags after import
ANALYSE YOUR PERFORMANCE
See what is really driving your results
Go beyond headline P&L and compare your performance across symbols, sessions, direction, holding time and trading costs.
- Filter and compare similar trades
- Separate performance from commission and fees
- Identify stronger setups and repeated mistakes
REVIEW WITH WAVE AI
Ask better questions about your trading
Wave AI helps you explore patterns in your recorded data and focus your reviews on what matters.
- Explore performance by setup or session
- Investigate patterns behind repeated mistakes
- Ask questions using your journal data
EVERYTHING IN ONE PLACE
Keep your trading workflow together
Move between journaling, analytics, backtesting, charts and alerts without piecing together separate tools.
- Journal and analytics in one workspace
- Backtest and review trading ideas
- Access more than 700 broker connections
FREE TO START
Start your MT5 journal for free
Use the Free plan, then upgrade only when you need more accounts, Wave AI or additional analytics.
- No credit card required
- Unlimited journal notes and screenshots
- Connect up to three accounts on the Free plan
What MetaTrader 5 traders say about TraderWaves
See how traders connect MT5 to TraderWaves, review their statistics and keep a closer record of performance.
“So far I’m liking it, works well with mt5 and gives clear stats on your performance, great tool to keep yourself in check”
Pogue KookTrustpilot review “The journal interface is seamless in use, the importation of data from mt4/5 to the dashboard is really fast. it provides quite useful metics to use while analysing data and i love that they keep improving the site every other week. highly recommend!!!!”
TrustpilotTrustpilot review “best program for tracking your Trading-Journey, simply connect it with your MT4/MT5 Acc & enjoy the statistics”
Ertan TikenTrustpilot review “They have a BEAUTIFUL product here, and offer a lot even on the free tier. I rarely leave reviews but this is the least I could do for a product I LOVE.”
TrustpilotTrustpilot review “The best site for checking your trading account. Very useful, especially the calendar part that calculates your performance on day, week, and month. I appreciate the team of TraderWaves for the hard work.”
TrustpilotTrustpilot review “These guys really deserve a 5 star rating. I paid premium amount to a well-known trading journal platform (Tradezilla). These guys provide the same for free. Huge shoutout to the team.”
TrustpilotTrustpilot review “This is by far the best free trading journal I’ve come across 🤟🏾”
TrustpilotTrustpilot review “the fact that this is free is crazy. I used to use tradezilla and this smacks it out the park.”
TrustpilotTrustpilot review “I tried several journaling apps and out of the 4 I have used none beats TraderWaves. I love the simple UI, account linking, and updates. A five star doesn't do it justice — I think a 10 star will.”
TrustpilotTrustpilot review “THE BEST TRADING JOURNAL I'VE EVER USED — MAKE SURE YOU TRY IT OUT.”
TrustpilotTrustpilot review “Awesome and amazed how they are providing this much completely free. Thank you TraderWaves!”
TrustpilotTrustpilot review “TraderWaves has completely transformed the way I organize and analyze my trades. It’s intuitive, clear, and comprehensive. The team behind TraderWaves shows real commitment and dedication.”
TrustpilotTrustpilot review “I can upload screenshots and input my data. It’s free and totally amazing experience as a beginner.”
TrustpilotTrustpilot review “It has the best journal experience compared to some premium journals out here.”
TrustpilotTrustpilot review “It’s free but still has all the features needed in a digital trading journal. I'd recommend it to anybody.”
TrustpilotTrustpilot review “Loving TraderWaves and its free platform! Looking forward to new premium features and the trade copier. Awesome experience!! 10/10”
TrustpilotTrustpilot review “TraderWaves helped me monitor trades and improve strategy. The free option makes it the best journaling tool for beginners. Thanks to the team behind it. God bless you all.”
TrustpilotTrustpilot review “So far it’s one of the best out there. Only recommendation for now would be like an actual App for iOS/android users.”
TrustpilotTrustpilot review
What you can review from imported MetaTrader 5 activity
Supported MT5 imports populate the same journal fields used across TraderWaves. Exact values depend on what the connected account records.
Symbol and direction
The traded symbol and buy or sell direction.
Entry, exit, and size
Entry, exit, and position size from the recorded trade.
Open time, close time, and holding time
When the trade opened and closed, and how long it was held.
Stop-loss and take-profit
Recorded where those levels are present on the trade.
Commission, swap, and fees
Trading costs stored as separate fields on supported imports.
Profit and Net Profit
Gross and net results so costs are not mixed into one number.
Magic number
Recorded where MetaTrader attached a Magic number to the trade.
Session, strategy, and behaviour
Filter by session after import, then add Strategy Tags, Mistake Tags, Custom Tags, notes, screenshots, Star Rating, and Emotional State yourself.
FAQs
Frequently Asked Questions
Answers based on the current MetaTrader 5 connection and journal behaviour in TraderWaves.
What is an MT5 trading journal?
An MT5 trading journal records trades placed in MetaTrader 5 together with review context such as tags, notes, ratings, and screenshots. TraderWaves can import MT5 history and then let you add that context in one place.
What is the best trading journal for MT5?
TraderWaves is one of the best MT5 journal options for traders who want automatic trade syncing, detailed analytics and flexible journaling in one workspace. Add notes, screenshots, tags and psychology to imported trades, explore your performance with Wave AI and use backtesting tools alongside your journal. TraderWaves is free to start.
Why use a separate journal when MT5 already has account history?
MT5 account history records executions and results, but it does not capture the complete reasoning behind each decision. TraderWaves adds notes, screenshots, strategy and mistake tags, psychology tracking and deeper analytics, helping you review why a trade happened rather than only seeing its final result.
What can an MT5 trading journal reveal about my performance?
A detailed journal can show how results vary across symbols, sessions, trade direction, holding times, setups and trading costs. TraderWaves lets you filter and compare related trades so you can identify repeated behaviours, stronger conditions and areas that deserve closer review.
Can Wave AI help me review my MT5 trades?
Yes. Wave AI works with your recorded journal data to help you explore patterns and ask focused questions about your performance. It can support reviews of setups, sessions, mistakes and trading behaviour, but it does not predict markets, provide financial advice or replace your judgement.
Can I keep multiple MT5 accounts and other platforms in one journal?
Yes. TraderWaves lets you review multiple supported accounts from one workspace, including accounts from different trading platforms. Free supports up to three connected accounts, while Pro supports unlimited accounts. The TraderWaves directory includes more than 700 broker connections.
Can I use TraderWaves as a free MT5 trading journal?
Yes. The Free plan does not require a credit card. It includes journal access, automatic importing where supported, unlimited notes and screenshots, and up to three connected accounts. You can upgrade when you need unlimited accounts, Wave AI or additional analytics.
Analyse your MetaTrader 5 trades in one TraderWaves workspace
Automatically import trades, add behavioural context, and analyse performance in a workspace that also includes backtesting. The Free plan stays free. Upgrade to Pro when you need more accounts or Wave AI.