Trade Journal Ultimate: Automated MT5 Trading with Verified Results and Analytics

This Trade Journal Ultimate review for 2026 focuses on performance measurement and hands-on analysis of the EA as a journaling and analytics tool for MT5 accounts. Trade Journal Ultimate is unique because it treats the trading record as the primary dataset and applies validated statistics to everyday trade decisions; the developer, Janitha Sandaruwan Amaradasa Wickramasingha Arachchilage, positions the product as a transparency-first solution. In practice the EA attaches to charts, records live trades, captures balance and equity changes, and computes periodized metrics such as monthly returns, expectancy, and max drawdown. The algorithm works by intercepting trade events in MT5, tagging them with user-defined labels, and aggregating results into a dashboard and downloadable reports. It is best suited to strategies that produce measurable entries and exits, including swing and trend-following EAs, as well as discretionary systems where post-trade review matters. Risk management is supported via built-in metrics and position-sizing calculators rather than order-level intervention; the tool highlights concentration risks and alerts when drawdown thresholds are breached. Expected performance characteristics are not about signal generation but about improvement in decision quality: users typically reduce repeated mistakes, shorten losing streaks, and tighten risk per trade through disciplined review. With a 4.5/5 rating from 100 reviews, Trade Journal Ultimate provides a structured path to quantify and improve trading outcomes on MT5.