Why MT5 data makes a better journal
MT4 exports a flattened list of closed tickets. MT5 separates the order (your instruction), the deal (each execution), and the position (the net result) — which means partial fills, scale-ins, and scale-outs are recorded faithfully instead of mashed into one row. If you manage positions actively, MT5 plus an automated journal is the difference between analytics you trust and analytics you argue with.
Setup: from download to first synced trade
- Sign up free and copy your sync key from Edgelog Settings
- Place EdgelogSync in your MT5
Expertsfolder and refresh the Navigator
- Allow the Edgelog WebRequest URL under Tools → Options → Expert Advisors
- Attach the EA to a chart, paste the key, and you are live
From then on every position you close appears in your journal in seconds — hedging and netting accounts both supported, prop-firm MT5 logins included.
From raw deals to decisions
Execution data alone does not improve anyone. Edgelog's journal layer is where the compounding happens: tag each position against the setups in your playbook, attach the chart at entry and exit, note the mistake if there was one. The analytics then split your performance by symbol, setup, session, and direction — so "trade better" turns into something concrete like "stop shorting gold in Asia; your long London breakouts carry the account."
Journal your backtests and demos too
MT5 is also where strategies get validated. Sync a demo account running your new system and let Edgelog track whether the live-fire numbers match the backtest before real money is on the line. Unlimited accounts and trades, free. Start journaling free — no credit card, no trial clock, no trade limits.