there is a option under the context menu in the tester journal. Right click and hit "clear all" (or whatever it says). you will see it. But it is in the tester window, not the live account window.
Thanks GT, exactly what I was after.....

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I have noticed that in the C:\Program Files\MetaTrader 4\tester\logs folder a huge amount of data is stored.
I deleted over 19 GB worth of logs. I do alot of testing, as I am sure most who use mt4 do.
Can you add a feature that will delete these logs after a user defined time period has elapsed.
Thanks as always :)