Mytradr vs TraderSync — Which Trading Journal Is Better?
Both Mytradr and TraderSync are trading journal apps, but they take fundamentally different approaches to how trades get journaled, what tools are included, and what you pay. Here’s an honest comparison.
How Trades Get Journaled
Mytradr journals trades directly from your trading account using a read-only connection. Every closed trade is captured automatically — entry, exit, lot size, swap, commission, everything. It never places or modifies trades. No broker credentials leave your machine. Currently supports MT5.
TraderSync relies on CSV imports or broker API connections. You export your trade history from your broker, upload the file, and TraderSync parses it. Some brokers support direct API sync, but MT5 requires manual CSV export.
Winner: Mytradr — fully automated with no credential sharing.
Position Size Calculator
Mytradr includes a built-in position size calculator with 4+ strategies:
- Fixed — constant risk percentage per trade
- Adaptive Growth — increases risk as account grows
- Double-Pulse — doubles down after wins within a streak
- Reset-on-Loss — resets to base after a loss
Each strategy includes compounding projections, drawdown analysis, and prop firm tracking.
TraderSync does not include a position size calculator. You’d need a separate tool.
Winner: Mytradr — no contest.
Analytics and Reporting
TraderSync shines here with AI-powered trade analysis, trade replay, and detailed performance dashboards. The AI insights highlight patterns in your trading behavior.
Mytradr provides calendar heatmaps, table/card views, performance analytics, and psychology tracking with emotion logging and discipline scoring. No AI analysis yet (it’s in development).
Winner: TraderSync — for now. Mytradr’s AI analysis is coming.
Notes and Analysis Capture
Mytradr includes an offline-first rich text editor with folders, search, image embedding, and sync queue. Notes work even without internet and sync when connection restores.
TraderSync lets you add notes to individual trades but doesn’t have a standalone notes system for market analysis, session plans, or strategy documentation.
Winner: Mytradr — dedicated offline notes are a major differentiator.
Psychology Tracking
Mytradr (PRO plan) includes emotion logging per trade, discipline scoring against custom rules, and psychology reports.
TraderSync offers similar psychology tracking with emotion tags and behavioral analysis.
Winner: Tie — both handle this well.
Pricing
| Mytradr | TraderSync | |
|---|---|---|
| Free plan | Yes (1 journal, 5 notes, 1 risk strategy) | No |
| Trial | $1 for 24 hours (full access) | 7-day free trial |
| Starter | $19/mo | $30/mo (Basic) |
| Pro | $49/mo | $50/mo (Premium) |
Winner: Mytradr — free plan with no time limit, and lower paid pricing.
MT5 Support
Mytradr currently supports MT5 with native integration — no CSV exports needed.
TraderSync supports MT5 through CSV import. You export from MT5, then upload to TraderSync.
Winner: Mytradr — native MT5 integration vs manual CSV.
The Verdict
Choose Mytradr if:
- You want fully automated journaling from your trading account
- You need a built-in position size calculator
- You want offline notes for analysis capture
- You want a free plan to start with
- Privacy matters — no broker credential sharing
Choose TraderSync if:
- You want AI-powered trade analysis right now
- You trade on platforms beyond MT5 with API support
- Trade replay is important to your review process
Try Mytradr free — create your account in 30 seconds.