TrueRisk Trade Journal MT5

Free. A picture of every trade, saved for you, without lifting a finger.

TrueRisk Trade Journal takes a picture of the chart the moment a trade opens and again when it closes, writes the trade's numbers on the picture (side, lots, entry, stop, target, profit, R, how long you held it) and adds one row per closed trade to a journal file you can open in Excel or Google Sheets. It works for every trade on the account: trades from your panel, from an Expert Advisor, or from the MetaTrader app on your phone. It only reads the account: it never opens, changes or closes a trade.

MT4 version (free) | TrueRisk Trade Panel (free) | TrueRisk Account Dashboard (free) | All TrueRisk tools

• A chart picture when a trade opens, on a partial close, and when it closes
• The trade's numbers written on each picture, so every picture explains itself months later
• A dotted line from entry to exit on the close picture
• journal.csv: one row per closed trade with entry, stop at open, target, exit, hold time, points, profit and R
• R = profit divided by the money at risk at your stop when the trade opened (a stop added within 5 minutes of the entry counts, so phone trades work too)
• Partial closes are added into the same row and get their own picture
• Today on the panel: trades closed, trades won, profit and average R
• No chart open for that symbol? It can open one for the picture and close it again (off by default)
• A Snap chart button for a picture of your setup before you trade
• All symbols or only the chart's symbol, all trades or one magic number
• It is an indicator, so it sits on the same chart as your Expert Advisor or trade panel
• Free, no time limit, no registration

Why keep a trade journal

Most traders cannot say why their last ten losing trades lost. A picture of the chart at entry and at exit, next to the numbers, shows the pattern quickly: entries taken too late, stops too tight, winners closed too early. Writing it all down by hand is the part everyone skips. This tool does it for you.

How to use it

• Attach TrueRisk Trade Journal to one chart (Indicators). It records the whole account, not only that symbol
• Keep a chart open for each symbol you trade: pictures are taken from that chart, with your own template, timeframe and indicators
• Your files: File > Open Data Folder > MQL5 > Files > TrueRiskJournal > your account number. Pictures are in one folder per month
• Attached it to more than one chart by mistake? Only the first one records, the others say so on the panel, so you never get double rows

Settings

• Trades to record: all symbols or only this chart's symbol; magic number (-1 = all trades, 0 = manual trades only)
• Picture on open, on partial close, on close; numbers on the picture on or off
• Open a chart for the picture when none is open (closed again 3 seconds later)
• Picture size (0 = the chart's own size)
• Panel corner, distance from the edges, font size

Tested live

Checked on a demo account (MT5): a 0.02 lot EURUSD trade with stop and target, half closed after 10 seconds, the rest after 20 seconds; a USDJPY trade opened without a stop, the stop added 3 seconds later, while no USDJPY chart was open. Result: 5 pictures, 2 journal rows, the partial close inside its trade's row, R worked out for both trades. The screenshots on this page are those real pictures and rows.

Want the lot worked out from your risk?

TrueRisk Trade Panel (free) sets the lot from the % you want to risk and the stop you choose, so every R in your journal means the same amount of money. TrueRisk Account Dashboard (free) shows today, this week and this month at a glance.

Like it?

A short review on this page helps other traders find it, and tells me what to build next.

Support: if something doesn't work as expected, send me a private message first. I answer every message and fix problems quickly.