Free MT4 & MT5 Trading Journal With Automatic Trade Tracking
Stop logging trades manually. Connect your MetaTrader account, and every closed trade is captured automatically with chart screenshots, 10 professional performance metrics, equity curve, and detailed breakdowns by symbol, day, and hour. Works with any MT4 or MT5 broker · No credit card required · Setup in 5 minutes
Why MT4 and MT5 Traders Need an Automatic Trading Journal
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The Best Free Trading Journal for Forex Traders in 2026
No Artificial Limits
Most "free" trading journals are either heavily limited free tiers of paid SaaS products (capped at 30 trades per day or one account), or generic spreadsheet templates that require you to type every trade by hand.
Permanently Free
BrokerSift Trading Journal is built for forex and CFD traders who use MT4 or MT5. It is permanently free, has no trade caps, and includes profit factor, drawdown, equity curve, and four different performance breakdowns — features that competing platforms charge $20 to $80 per month for.
Seamless Setup
If you are a forex trader looking for a real journaling solution rather than a CSV importer or a paywalled trial, this is the one tool we recommend without reservation. Create a free account and you will be journaling your next trade within five minutes.
How Our Free MetaTrader Trading Journal Works (3-Step Setup)
A simple three-step setup connects MetaTrader to your BrokerSift dashboard and keeps your review workflow clean.
Install the Expert Advisor on Any MT4 or MT5 Chart
Download our lightweight Expert Advisor and drag it onto any chart in your MetaTrader terminal. Enter your free license key, and the EA starts capturing closed deals immediately. It works with any MT4 or MT5 broker.
Trade Normally — The Journal Captures Everything
Open and close trades exactly as you always do. The EA observes only closed deals and forwards them securely to your dashboard within 60 seconds. It does not place trades or modify orders.
Review Your Performance With Real Metrics
Open your dashboard anytime to see every trade, your equity curve, daily heatmap, and the professional metrics most retail traders never calculate.
Turn raw MT4 and MT5 trade data into a structured performance system built for serious traders.
Track every trade automatically, review professional metrics, and understand what is really driving your trading results.
Automatic Trade Capture
Every closed trade is synced within 60 seconds with entry price, exit price, lot size, commission, swap, and full P/L data.
Chart Screenshots & Context
The journal captures a chart screenshot at the exact moment of close so every trade keeps its full visual context.
Professional Performance Metrics
Track win rate, profit factor, drawdown, average R-multiple, best trade, worst trade, and trading streaks automatically.
Visual Analytics & Heatmaps
Review equity curves, daily P/L heatmaps, and performance breakdowns by symbol, day, and trading session.
Explore Your Trade Data Like a Real Product
This section lets traders explore how the journal actually improves performance; from reviewing trades and spotting patterns to refining discipline and building a repeatable edge.
Journal Intelligence Preview
Adjust the trader inputs and let the landing demonstrate how the journal turns behavior into a clear improvement signal.
10 Professional Performance Metrics That Matter
Win rate alone is not enough. The BrokerSift Journal calculates the 10 metrics professional traders and prop firms care about most:
Total Trades
with win/loss split.
Win Rate
the percentage of trades that closed in profit.
Total P/L With Sparkline
cumulative profit/loss with a mini-chart showing the trend.
Average R-Multiple
how much you make or lose per unit of risk taken.
Best Trade
your largest winning trade.
Worst Trade
your largest losing trade.
Profit Factor
the ratio of total profits to total losses. The single most important number when evaluating a strategy.
Maximum Drawdown
the largest peak-to-trough drop in your equity curve. Critical for risk management and prop firm rules.
Average Win vs Average Loss
how big your typical winner is compared to your typical loser, plus the ratio between them.
Win/Loss Streaks
your longest consecutive winning and losing runs, because streaks are where most traders break psychologically.
Match the Journal to Your Trading Style
The simulator section adds another layer of interactivity: visitors can jump between trader profiles, see the screen change, and understand how the journal responds to different strategies and weaknesses.
Fast-paced scalper
Small-spread, weaker patience, and only late-session behavior.
High cost
The highest-cost cluster appears after a first loss and before the session is cut off.
See How Journaling Changes Your Review Process
BEFORE JOURNALING Scattered notes, unclear lessons Trades are remembered emotionally, screenshots are separated from context, and the same mistakes keep repeating without a measurable improvement path.
AFTER REVIEW Clean signals and clear lessons The journal connects outcomes, discipline, context and behavior into a clear improvement path that the trader can repeat.
What Traders Should Review Every Week
Click through each step of the review process and see how the journal helps turn random trades into smarter habits, clearer decisions, and consistent improvement over time.
Capture
Save the trade story
Find the trades, times, and setups that drive your results
The analytics section is built for dashboards, report cards, trade breakdowns, and performance segmentation.
- Time-of-day review: Spot when performance drops, where boredom trades appear, and which sessions produce cleaner execution.
- Instrument breakdown: Separate your best symbols and markets from low-quality noise before adding more risk.
- Exit performance: Compare actual exits against best potential outcomes to reveal early exits and poor trade management.
Make discipline and emotions visible
Track the qualitative side of trading: confidence, stress, impulsive entries, checklist quality, rule breaks, and post-trade reflections.
- Mistake library: Group repeated behavior leaks so the trader can see what costs the most money.
- Checklist quality: Measure whether the trade followed the plan before judging only the profit or loss.
- Diary and review: Keep session reflections beside the numbers so progress becomes visible over time.
Built for MetaTrader 4 and MetaTrader 5 Workflows
Track performance across Forex, Stocks, Crypto, Futures, CFDs, and Options; with support for both manual and platform-based workflows.
Who the journal helps most
New traders
Create structure before bad habits become normal.
Break-even traders
Find leaks in exits, timing, risk, and rule discipline.
Profitable traders
Optimize the setups and sessions where the edge is strongest.
Find the Trades, Times, and Setups That Drive Your Results
Two layers of personalization stack on top of the trader modes:
Watchlist
Pick the specific currencies and symbols you actually trade. The calendar then hides everything else. If you only trade EURUSD and XAUUSD, you do not need to see kiwi GDP next Tuesday.
Alerts
For any event on your watchlist, enable a browser notification that fires X minutes before release. Granted permission once, the alert works even when the BrokerSift tab is in the background. In-site reminders run in parallel as a fallback.
What traders should review every week
Best and worst setups
Which strategies deserve more size, more patience, or removal?
Rule breaks
Which mistakes repeat and how much do they cost?
Session quality
Which hours, days, and conditions produce clean execution?
Next-week focus
What one measurable behavior should improve next?
How Traders Actually Use the BrokerSift Journal
New traders use the journal to discover which setups, symbols, and trading hours actually work. Performance breakdowns quickly reveal strengths, weaknesses, and impulsive trading patterns.
Intermediate traders use data to cut out the noise and scale up what is working consistently.
Prop firm traders use the live dashboard to monitor daily drawdown limits and track their progress toward profit targets in real time.
Algo traders compare the real-world execution of their EAs across different pairs and sessions without running manual reports.
Trading Journal Security: How We Protect Your Data
Your trading data is sensitive. Here is exactly how the BrokerSift Trading Journal handles it, what we collect, and what we never have access to.
What the EA Reads From Your Terminal
The BrokerSift Expert Advisor reads only closed deal records from your MetaTrader terminal — ticket number, symbol, entry/exit price, lot size, side, commission, swap, and profit. It also captures a chart screenshot at the moment of close. That is the entire data scope.
What the EA Cannot Do
The EA cannot place trades, modify orders, change stop losses, withdraw funds, or read your account password. MetaTrader's security model prevents Expert Advisors from accessing the account password under any circumstances. The EA is read-only by design.
How Data Is Transmitted
Trade data is sent from your terminal to our servers over HTTPS with TLS 1.2 or higher. Each request includes your license key for authentication, but no broker credentials, no account password, and no personal identification.
Where Data Is Stored
Your trade history is stored on encrypted servers in a private database. Only you can see your own trades when logged into your BrokerSift account. We do not share, sell, or publish your trading data.
Your Rights and Privacy Policy
You can export all your trades to CSV at any time. You can permanently delete your account and all associated data from your settings. We comply with GDPR and similar privacy regulations.
Account Access & Broker Independence
The BrokerSift Trading Journal works independently from your broker account and does not require broker API access, payment details, or login credentials. Your trading account remains fully under your control at all times.
Who This Free Trading Journal Is For: Beginners to Funded Traders
This journal is designed to stay useful from your first months in forex all the way to funded and multi-account workflows.
New Forex and CFD Traders Learning What Works
If you have been trading for less than a year, you are in the most critical phase of your career. A journal is the difference between learning from your mistakes and repeating them for the next five years. Our journal removes the friction of manual logging so you can focus on learning, not data entry.
Intermediate Traders Looking for Their Statistical Edge
You have a strategy and you know your setups. But your equity curve is still flat or slowly bleeding. The BrokerSift Journal will show you exactly where your money is going. Maybe you are profitable on EURUSD but giving it all back on GBPJPY. Maybe Tuesdays kill you. Without data, you are guessing. With this journal, you know.
Funded Account and Prop Firm Traders
If you trade a funded account through FTMO, MyForexFunds, The5%ers, or another prop firm, drawdown is everything. The journal tracks your maximum drawdown in real time, calculates your profit factor against the firm's targets, and gives you a permanent independent record of your performance.
Algorithmic and Expert Advisor Traders
Running an EA? The journal captures every trade automatically, so you can evaluate your strategy without relying solely on MetaTrader's built-in reports. Compare different EAs side by side. See which ones perform under different market conditions.
Trading journal FAQ
Yes. The BrokerSift Trading Journal is free to use. You can track trades, review metrics, export history, and analyze performance without a paid upgrade.
Yes, we provide lightweight Expert Advisors for both MetaTrader 4 and MetaTrader 5.
Our Expert Advisor monitors your terminal for closed deals. When a trade is closed, it securely transmits the trade data and a chart screenshot to your dashboard.
We track over 10 professional metrics including Win Rate, Profit Factor, Average R-Multiple, Maximum Drawdown, and Streak Analysis.
Yes, you can add custom tags to any trade to filter your performance by setup, mistake, or any other custom criteria.
Yes, you can export your entire trade history to a CSV file at any time.
Absolutely. We use industry-standard encryption, and the EA is strictly read-only. We do not sell or share your data.
Yes, you have full control over your data in the dashboard.
No. The journal works with any MT4 or MT5 broker.
We offer all the core features (unlimited trades, auto-sync, advanced metrics) completely free, without paywalling the essential tools you need to succeed.
Start Reviewing Your Trades With Real Data
Create a free BrokerSift account, connect your MetaTrader workflow, and start reviewing trades with metrics that make mistakes and strengths visible.