Edgewonk vs TerraTrade for Journaling

Edgewonk and TerraTrade are journals built on different theories of the problem. Edgewonk's theory: your losses are behavioral, so measure your psychology as rigorously as your P&L — and charge one flat, low price for it. TerraTrade's theory: the journal should feed everything — backtesting, replay, AI — and the pipeline into it should be automatic. Which theory fits you decides this comparison.

One flat price against three tiers#

Start with the concession: on price, Edgewonk wins outright. $197 a year — about $16.40 a month — buys everything it makes, with unlimited journals, accounts, and trades, and a 14-day no-questions money-back guarantee. TerraTrade's three plans run $29 to $89 a month ($26/$44/$80 on yearly billing), no trial, cancel anytime with free data export.

The honest way to read that gap: Edgewonk prices a journal, TerraTrade prices a hub. If a well-built manual journal is the whole job, Edgewonk is the cheapest serious option on the market and we won't pretend otherwise. The rest of this post is about what the extra money buys.

Getting trades in: templates versus a pipeline#

Edgewonk imports through 200+ broker-specific file templates. Its site markets fast automated imports, while the independent 2026 review we relied on describes the actual workflow as exporting a file from your broker and uploading it — so treat true broker-API sync as unverified. Either way, you are the pipeline: trades appear when you move them.

TerraTrade connects 9 brokers, 7 with auto-sync — fills land matched without you touching a file — plus file upload and CSV for the rest. Every import runs through one FIFO matching engine covering longs, shorts, partial fills, and reversals, with P&L exact to the cent and automatic MAE/MFE on every trade from full-resolution market data. Imports are idempotent, so re-running one can never duplicate a trade, and lookback reaches 15 years. Edgewonk counters with broader asset coverage — it also journals indices, commodities, and CFDs, which TerraTrade doesn't — so CFD traders should note that line in the table.

Psychology: Edgewonk's home turf#

Credit where due: nothing else in the category quantifies psychology like the Tiltmeter, which rates your emotional state per trade, correlates it with performance, and prices your tilt in dollars. Add the Trading Psychology Lab, mistake tracking, and trade checklists, and Edgewonk has earned its reputation with discipline-focused traders.

TerraTrade attacks the same problem from the evidence side. The 6-axis Terra Score grades every trade, and Trade Replay ships 27 behavioral scenario playlists — revenge entries, early exits, and the rest — ranked by what each habit actually costs you, then lets you re-watch the offending trades candle-by-candle with your fills on the tape. Ultra adds deliberate-practice Drills on SM-2 spaced repetition. If rating your emotions per trade is the core of your process, Edgewonk's tooling is more purpose-built. If you'd rather see the costed replay of the behavior, that's TerraTrade.

Analytics and AI#

Edgewonk's analytics are genuinely deep for the price: 50+ prebuilt reports, 20 custom stat slots, MAE/MFE, entry/exit quality scoring, and planned-versus- actual risk-reward. TerraTrade's library is wider and more composable — 35 reports including cross-analysis heatmaps, ~20 breakdown dimensions, 57 drag-and-drop dashboard widgets, position-aware intraday P&L curves, and a universal ⌘K search across all of it.

The clearer gap is AI. Edgewonk's automation is Edge Finder — automated scans of your journal for strengths and weaknesses, on the scan's schedule, not yours. TerraAI is a conversation on every TerraTrade plan: ask anything about your trading and the answer is computed from live queries against your journal, rendered as real charts and tables, never an invented number. It carries 35 tools, remembers context, and can edit the journal behind confirmation gates. Ultra adds always-on Agents built on a visual canvas.

A journal versus a hub#

This is the structural difference. Edgewonk has no backtesting engine and no trade replay — what exists is a Monte-Carlo-style simulator projecting equity from your journaled stats, plus a Strategy lab for ideas. There's no mobile app, and the review notes the web app needs a connection.

TerraTrade's backtesting is on every plan: 14,000+ instruments of real history, a fill engine that refuses to flatter you — gap-through stops fill at the open against you, stops assumed to hit before targets — prop-firm risk rules, and Level 2 DOM with tape and volume profile. Every simulated close becomes a real journal trade, permanently walled off from your live stats, so your practice and your production share ~40 widgets but never a number. Replay, Agents, and a Public API round out the hub. None of this exists in Edgewonk, by design — it set out to be a journal, and is a good one.

FAQ#

Can I migrate my Edgewonk journal to TerraTrade?

Yes — export your trades and import them via CSV. TerraTrade's imports are idempotent (re-running a file can never duplicate trades) and support up to 15 years of lookback. Matched trades get MAE/MFE computed automatically from full-resolution market data on the way in.

Why doesn't TerraTrade have one flat price like Edgewonk?

Because the products aren't the same shape. Essential ($29/mo) is the full journal with backtesting and TerraAI included; Pro ($49/mo) adds Trade Replay, 1-second tick data, BigQuery, and Deep AI models; Ultra ($89/mo) adds AI Agents, practice Drills, and the Public API. Every plan includes everything in its tier included.

Is the AI a paid add-on on either platform?

Edgewonk has no AI chat — Edge Finder's automated scans are included in the flat price. TerraAI is included on every TerraTrade plan with a monthly credit pool: 1,000 credits on Essential, 4,000 on Pro, 10,000 on Ultra. If you just want to run the numbers first, the free calculators need no account at all.