There are opportunities and pressure when trading funded accounts. Prop firms demand constant, disciplined performance, and unlike demo trading, each condition you take is subject to strict risk control. To succeed in this setting, you can jerry and review one of the most effective habits. Thankfully, the metatrader 5 (MT5) has data and equipment that can make this process effective, organized and very informative.
This post will teach you how to review the journal and funded trades like a supporter in MetaTrader 5 so that you can improve, keep funding in your account over time, and expand your account.
Why Journaling Matters for Funded Account Traders
When trading a funded account, your performance is not only assessed by your earnings, but also from your ability to control your feelings, manage risk and follow a standardized process. There are three main benefits to journal your trades:
- Clarity: You know why you did each business.
- Accountability: You recognize and fix recurring errors.
- Improvement: You use real business data to improve your approach.
Journaling occurs often that separates long -term, frequent profitable traders from short -term funded people, but many traders ignore it.
Step 1: Use MT5 Trade History for Data Collection
Each business you do in MetaTrader 5 is automatically recorded in the history tab.
- You can see entry and exit time for each situation.
- Size profit or loss
- Prescribed time limit
- Commission and swap expenditure
To see your previous trades:
- Press Ctrl+T or open MT5 and navigate to “Toolbox”.
- Select the “History” tab.
- To check trades from a particular session, week, or evaluation phase, do right-click and choose “Custom Period”.
After that, you can either create a broad HTML report with metrics such as total trades, drawdowns, and profit factors – ideal for learning and review – or export this data to a CSV file.
Step 2: Build a Journal Template Around MT5 Data
A journaling tool such as perception or Edgework, or a spreadsheet like Excel or Google Sheet can be used.
- Create columns like “Trade #” and “Date” matching MT5 trade data.
- Symbol (eg gold or eur/USD)
- Prices of entry and exit
- Take advantage/stop loss
- Risk ratio for risk
- Result ($ or pips)
- Entry Causes (Technical Setup, News Phenomen Notes emotion, problems with execution, enhancement)
Within five to ten minutes of closing a business in MT5, enter data in your magazine. This practice teaches you to think and evaluate without prejudice or hesitation.
Step 3: Screenshot Your MT5 Chart Before and After Each Trade
You can copy or save your chart screenshot with MT5. Take the screenshot of your setup with indicators and major levels before doing business.
Record exit and result after business. One of the best devices to identify patterns and improve decision making is one of the visual records that allow you to compare what happened to what you actually estimated. In MT5, to take a screenshot:
- Choose “Save asPicture” with a right-click on the chart.
- For rapid tombs, use snipping tools or snip and sketch.
- Place a date or trade ID on each picture and include it with your journal entry or folder.
Step 4: Analyze Trends in Your Funded Account Performance
After logging on to 10-20 trades, you can start analyzing more general trends with MT5’s export reports:
- Are your best deals done during a special trading session (eg London Open)?
- Are news instability or emotional entries guilty for the majority of losses? Do you shut down trades very soon?
To identify the behavioral pattern affecting your performance, compare your journal notes with your MT5 matrix, such as average profit/loss or business period. Additionally, MT5 allows you to monitor the cumulative benefits/loss, which is necessary to follow the daily and total drawdown restrictions set by the providers of Funded accounts.
Step 5: Turn Review Into an Action Plan
Set 30 to 60 minutes every week to go to your MT5 report and journal entries.
- What happened this week, you ask? do it again.
- What went wrong? How can I stop them?
- Does my trade fit the risk parameters of my funded account?
Make one or two goals for the next week and write two to three lines weekly trading images. For example: “I allowed a loss to convert into two anti -retaliation trades this week.” I will leave myself after limiting the next week to a loss per session. When regularly done, this process develops the stability and discipline that the prop firms want in experienced traders.
Final Thoughts
For traders with funded accounts who want to trade like professionals, MetaTrader 5 is a performance center that provides more than only one business execution platform. You can create a top-oriented trading journal that enables you to gain knowledge from each situation using MT5’s business history, charting tools and reporting features.
Consistency is rewarded by funded accounts, and stability is developed through evaluation and improvement. If you use MT5 to understand the trades as well as give them space, you will be well on your way for long-term trading success.
