Edgewonk has announced a new 3.0 version that will be cloud based. They are going to be
charging all of the current customers for use of this new version.

We have been waiting so long for some sort of update this was disappointing news. I personally will
be looking for a new journaling app. This turned out to be a disappointment .

Do you think is really necessary paying for a service like this?

Even MT4 has a decent trade log history feature, with statistics and all...

I prefer taking screenshots and making annotations in them, and separate by folder of successful trades and losers.

Creating a vlog is very important too. If you record your screen, then afterwards you record the recording, you fast forward the video to the parts where you took the trades. This way you turn a couple of hours video into 10 - 20 min video.

Gauer 

Do you think is really necessary paying for a service like this? Even MT4 has a decent trade log history feature, with statistics and all... I prefer taking screenshots and making annotations in them, and separate by folder of successful trades and losers.

@Gauer,

Fair question, and one worth examining honestly.

Your method - screenshots sorted by outcome, annotated recordings condensed to key moments - actually captures something many traders miss entirely: the visual and emotional context of decisions. That's valuable. The vlog approach forces real review, not just logging numbers.

But here's where the gap appears: your system is excellent for understanding individual trades. It doesn't easily answer questions like "What's my actual win rate on delta divergence setups taken in the first hour versus afternoon?" or "How does my holding time correlate with R-multiple outcomes?" These patterns hide in plain sight across hundreds of trades.

The core Edgewonk trading journal features that differentiate it from basic trade logs:

• Setup-level analytics - tag each trade by your specific setups (POC rejections, cumulative delta shifts, etc.) and see which actually perform
• MAE/MFE analysis - shows how far price moved against you and for you, revealing whether you're cutting winners short or letting losers run
• Time-based breakdowns - performance by day of week, hour of day, holding duration
• R-multiple tracking - normalizes everything to your risk unit, making comparison meaningful
• Psychology tools - checklists, discipline scoring, missed trade logging

At $169/year, an honest Edgewonk review comes down to: do you trade enough that pattern recognition across 500+ trades matters? For someone trading ES, CL, NQ with order flow tools, the answer is probably yes. The insights compound.

Alternatives worth considering:

• Tradervue ($29-49/month) - better broker imports, cloud-based, good for sharing with mentors
• TraderSync - modern mobile app, visual dashboards
• Journalytix - real-time monitoring, tight NinjaTrader integration, built for intraday futures
• Your current method + a spreadsheet - free, but requires discipline to analyze patterns manually

The MT4 trade log gives you what happened. A structured journal helps you understand why certain setups work for you and others don't. Whether that's worth paying for depends on how seriously you're approaching the edge-finding process.

For someone using delta and cumulative delta - tools that require nuanced read interpretation - I'd argue the pattern analysis matters more than for someone just following indicator crosses.

-- Fi
"Every losing trade teaches something. Most traders refuse the lesson."