The Edgewonk alternative that syncs from your broker, not your terminal
Edgewonk has spent over a decade building a deep, psychology-first trading journal — 8M+ trades journaled, an automated weekly "Edge Finder" scan, a Tiltmeter for discipline, and a single subscription tier with zero feature-gating. But the one-time license Edgewonk was long associated with is gone: its own pricing page states plainly, "Edgewonk comes with an annual subscription." TradeLens by ProEA is narrower — a leak report computed from your own MT4/MT5/CSV trades — sold once for $47 with the full source code, or hosted for $29/mo with a managed AI coach, MT4/MT5 auto-sync, and Telegram digests.
| Dimension | Edgewonk | ProEA |
|---|---|---|
| Pricing model | Older reviews describe Edgewonk 2.0 as a $169 license with "no monthly subscription fees" (bullishbears.com). Today its own pricing-page FAQ states, "Edgewonk comes with an annual subscription": one plan at "$197 / 12 months" (more with VAT in the EU and UK), with "Lock in your price for life." It renews yearly — Edgewonk sends "a reminder email before your next renewal with the option to cancel the renewal" — and has no tiers | $47 once, forever — no year-two bill. Or $29/mo Cloud ($348/yr), cancel anytime, no annual contract required to get that rate |
| MT4/MT5 connection | Real auto-sync, set up inside your own terminal rather than through a cloud broker login. MT4: Edgewonk issues FTP credentials you enter under Tools > Options > FTP with your account number and a 60-minute refresh rate; its troubleshooting section says to "Avoid using a VPS within Metatrader." MT5: MetaQuotes removed FTP report publishing in build 6060, so Edgewonk now provides an Expert Advisor you attach to a chart with WebRequest allowed; "The EA only reads your trading history." | TradeLens Cloud ($29/mo): read-only MT4/MT5 auto-sync via MetaApi — a cloud broker connection that works without your own desktop terminal running. $47 download: manual MT4/MT5/CSV import, no live broker connection |
| AI coaching | We found no conversational AI coach on its pricing, features or home pages. "Edge Finder" is Edgewonk's own name for an automated feature — per its pricing page, "Every Sunday, the edge finder provides an automatic performance and mistake scan" — a scheduled report over your tagged trades, not a chat interface | AI coach included both ways — $47 download: free offline local model, or bring your own Claude/GPT/Gemini key; $29/mo Cloud: managed coach, no key needed, capped by a daily question limit |
| Trade replay / exit simulator | Edgewonk's own pricing-page comparison table lists three named tools we found no TradeLens equivalent for — "Trade management optimizer," "Strategy testing," and "Performance simulator" — on every subscription. Their exact mechanics aren't described on the pages we read, so only the tools' existence is claimed here | A different, narrower tool: TradeLens Cloud's "what if" simulator deterministically re-runs your full trade history as if you'd excluded a session/symbol/weekday/hour or capped position size — a discipline-habit test, not an exit-rule replay |
| Telegram delivery | No Telegram integration found on the Edgewonk pages we reviewed (pricing, home, features, supported platforms, help center) | TradeLens Cloud links your account to a Telegram bot (a deep link + "/start" handshake) and delivers daily digests, trade-autopsy pushes, and two-way AI-coach chat in a DM — sharing the same quota as the web app's Ask drawer. $29/mo Cloud only, not in the $47 download |
| Ownership & refund | Cancel and, per Edgewonk's own pricing-page FAQ, "you will no longer be able to log into your Edgewonk trading journal" — its Help Center adds you also "lose access to all trade screenshots and all notes" until you reactivate the subscription. The one export option is a limited Excel file; Edgewonk's own words: "We don't export all data like screenshots, notes, etc." A 14-day money-back window, "No questions asked," covers the purchase | $47 download: full source and a local SQLite file; choosing an external AI provider sends the relevant context to that provider. $29/mo Cloud: hosted by us, exportable anytime and deletable on request; 7-day refund before download ($47) or on your first Cloud month only ($29/mo) |
| Platform & asset-class breadth | Far broader — Edgewonk's own homepage states "200+ Brokers" ("Over 200 brokers are supported in Edgewonk") and its pricing page lists "Journal for all markets: Forex, Stocks, Futures, Crypto, Indices, Commodities, Options" | MT4, MT5 and CSV only — built for one job: the forex/CFD trader's leak report, not a universal multi-asset journal |
What three years cost
Edgewonk prices as published on edgewonk.com/pricing on 2026-10-03. Each 3-year total is that price multiplied out, nothing else.
| Plan | Published price | 3-year cost |
|---|---|---|
| Edgewonk 1 year plan | $197/yr | $591 yearly |
| TradeLens download | $47 once | $47 |
| TradeLens Cloud | $29/mo | $1,044 monthly |
$197 a year is the price outside the EU and UK; EU and UK prices include VAT. The page says buyers lock in their price for life, so the total repeats $197. Totals assume today's price. TradeLens Cloud's first month is discounted; the total uses the $29 list price.
When Edgewonk is the better pick
- You want a decade-plus, purpose-built psychology-first journal in one product — automated weekly pattern-scanning ("Edge Finder," every Sunday), a Tiltmeter for rule-break/discipline tracking, trade checklists, a mental diary, and named optimizer/strategy-testing/simulator tools, all on one plan, backed by "8M+ trades journaled" and "over 10 years" of track record per Edgewonk's own homepage. TradeLens has no equivalent checklist/diary/Tiltmeter system; its AI coach reasons over your numbers, not built-in behavioral trackers like these.
- You want zero feature-gating on a single plan — Edgewonk's own pricing FAQ states, "We only provide one subscription model with full access to all features for every customer," unlike tiered journals (including some of ProEA's other alternatives comparisons) that ration AI credits or replay features by price tier.
- You trade more than forex/CFDs on more than MT4/MT5 — Edgewonk's own homepage states "200+ Brokers" across forex, stocks, futures, crypto, options, commodities and indices, against TradeLens's MT4/MT5/CSV-only, forex-first scope.
When ProEA is the better pick
Built so cancelling never locks you out of your own trading history.
- Never locked outYour trades live in your SQLite file — cancel-proof.
- Syncs without your desktopCloud broker connection — no terminal, no FTP, no EA to keep running.
- AI coach in TelegramDaily digests + two-way chat, right in your DMs.
- Yours foreverThe $47 download never bills again.
Compare the features, access terms and ongoing costs for the product you intend to use. Download ownership and hosted-service access have different terms.
FAQ
Is the $47 really one-time?
Yes — one payment for the full TradeLens source, yours to keep. There's no required monthly fee to keep using the download edition, ever.
What does TradeLens Cloud add over the $47 download?
Hosting, cross-device access, a managed AI coach with no API key to bring, read-only MT4/MT5 auto-sync via MetaApi, and Telegram digests — for $29/mo, cancel anytime.
Does Edgewonk actually auto-sync MT4/MT5, or is it manual CSV only?
It does have real auto-sync — but it runs inside your own MetaTrader terminal: an FTP connection under Tools > Options on MT4, and an Expert Advisor attached to a chart on MT5. Edgewonk's MT4 troubleshooting guide advises against running it on a VPS. TradeLens Cloud's auto-sync instead uses a read-only investor password through MetaApi, so it doesn't need your own desktop terminal to stay open.
What happens to my data if I stop paying?
With Edgewonk, cancelling means you can no longer log in, per its own FAQ, and you lose access to your trade screenshots and notes until you reactivate the subscription; you can export first, but its own Help Center notes the export won't include everything. With TradeLens, the $47 download's SQLite file is yours forever regardless of anything else; TradeLens Cloud lets you export your trades anytime, cancel or not.
Other comparisons
- TradeZella alternative · The TradeZella alternative that costs once, not monthly
- TraderSync alternative · The TraderSync alternative built MT5-first
- Tradervue alternative · The Tradervue alternative built for MT4 and MT5
Sources, checked 2026-10-03
- edgewonk.com/pricing
- edgewonk.com/
- edgewonk.com/import
- edgewonk.com/features
- edgewonk.zendesk.com/hc/en-us/articles/13221355121810-MetaTrader-4-Auto-Sync-MT4
- edgewonk.zendesk.com/hc/en-us/articles/37785627573778-Metatrader-5-Auto-Import-EA
- edgewonk.zendesk.com/hc/en-us/articles/37816261790738-MT5-Auto-Importer-FTP-to-EA-Migration
- edgewonk.zendesk.com/hc/en-us/articles/360018543960-How-do-I-cancel-my-pro-plan
- edgewonk.zendesk.com/hc/en-us/articles/9509105424018-Reactivate-a-cancelled-trading-journal
- edgewonk.zendesk.com/hc/en-us/articles/14639571465362-Export-journal-data
- bullishbears.com/edgewonk-review/
We copy competitor facts from their own pages. If anything here is out of date, email support@pulltrade.app and we'll fix it.