AI trading journal + pre-trade discipline software
Merlin journals your trades, reads the patterns behind them, and checks the next ticket against your own rules.
No email. No card. Ready in 10 seconds.
Net P&L · 30D
+$1,240
Trades
64
Journalled
17 of 19 days
Discipline
L12 · Silver
Equity · 30D
Calendar
What Merlin can see
3 losses in a row · last loss 6 min ago · $412 of $500 daily limit used · 4 entries today
STAND DOWN
Cooldown timerIt flags. You decide.
NQrevenge windowsized up
“Three NQ losses. Wanted it back on the next one. Checked it first and stood down.”
AI debrief Pro
Three NQ losses before noon, the third at twice your planned size. The 11:58 ticket was checked before entry and read STAND DOWN. The day closed at −$412, inside your $500 daily limit.
+25 XPLoop closed: checked, then journalled.
Quiet Loss chasing · Premature exit · FOMO entry · Position sizing
Distance to breach
Updated as trades close. Verify current rules on the firm’s site.
Illustrative figures
Brings your trades in from
How it works
It reads what you did. It checks what you are about to do.
01 · Bring it in
A statement, a CSV, or the free MT5 EA.
02 · Read
20+ metrics, eight behaviour detectors, your Trader Genome.
03 · Check
One line in, one verdict back.
04 · Write it up
Journal the why. On Pro, the AI debriefs you.
Pre-trade check
Journals review trades after. This one checks them before you enter.
Set your rules once. Every ticket gets a one-word verdict. It flags. You decide.
One session, five entries
Illustrative figures
What Merlin could see at 11:58
3 losses in a row · last loss 6 min ago · $412 of $500 daily limit used · 4 entries today
STAND DOWN
You decide. The check just made sure it was a decision.
11:31 · NQ · short 2
CAUTION
3 of 6 checks clear
The revenge window is not a setting. Three losses in a row inside two hours reads STAND DOWN whatever your other rules say.
A plan-check against your own rules — not trade advice. Illustrative demo data.
The trailing trap
Trailing drawdown ratchets while you're winning.
Same trades, three rule sets. Pick one.
Same trades, three rule sets
Illustrative figures · $2,000 allowance
Trails the highest equity seen, even mid-session.
Breached on day 2 at 15:55: equity $49,300 reached the floor at $49,400. Day 1 closed green, $900 up.
Merlin tracks your distance to breach as trades close. Verify current rules on the firm's site.
Everything inside
19 of the 32 tools below are free.
Trader Genome
FreeStyle, session, bias and risk, and how hard you lean.
New York Day Trader
Scorecard
FreeDiscipline, risk, consistency and edge. Shareable.
Performance Lab
Free20+ metrics by symbol, session and hour.
Net by hour of entry · 30D
Ghost Replay
ProWatch a session, decision by decision.
Ask Merlin
ProAnswers from your data only. It can’t invent a number.
why do I lose on Tuesdays?
On Tuesdays, 9 of your 14 losing trades came after 14:00, and 6 of those were NQ above your planned size.
What-if lab
ProTrades that kept a rule, next to those that broke it.
Rule No new entry after two losses in a row
Every tool, and the plan that opens it.
Your numbers, read back.
Your desk: equity curve, calendar and today at a glance, across 7D, 30D, 90D, 1Y or any range.
20+ metrics, your equity curve and drawdown, broken down by symbol, session and hour.
Eight detectors for revenge trading, overtrading, risk escalation, loss chasing and more, each against your own baseline.
Your archetype from your real trades: style, session, directional bias, risk appetite and hold discipline.
One graded read across discipline, risk, consistency and edge, shareable as a card.
Ask in plain English and get an answer drawn only from your data. It can’t invent a number.
Slice your history by symbol, session, weekday, hour, hold time, direction or tag, and read every slice side by side.
Every pillar of the scorecard, taken apart.
Your debriefs and answers jump the queue.
The story stays attached to the numbers.
Notes, screenshots and playbook tags on every trade, and a page for every day.
Each session written up in plain English from your own trades.
Your results day by day. Tilt days and the weekday that quietly costs you stand out.
A day’s trades in the order they happened, to see how one decision set up the next.
Watch a session unfold decision by decision.
Step through a trade on real candles for MT5 accounts, with your own drawings kept private.
Checked before, graded after.
A standing verdict for the session and a one-line check for any ticket: CLEAR, CAUTION or STAND DOWN.
An execution grade on every trade, and daily and weekly loss limits, set per account.
XP for the process: checks, journal days and lessons. Levels only climb.
Write your setups, tag trades to them, and see which one carries your edge.
Test a playbook rule against your own history: the trades that matched it next to the ones that did not.
Name a mistake, put a price on it and write the lesson.
Your firm’s rules, tracked.
Intraday, end-of-day and static drawdown, with distance-to-breach updated as trades close.
Told when a behaviour pattern, loss limit or prop threshold trips.
The engine speaks in your numbers, not the defaults.
TradingView charts inside Merlin, with presets for ES, NQ, CL, GC and the FX majors.
A multi-market news feed filtered to what you trade, with a futures category.
Trade alone. Review with people.
Trade, Genome and daily cards drawn in Merlin Glass, with the sample size stated.
Private invite-only rooms: threaded chat, trades shared in, and a mentor mode.
Your book, clean.
MT4 and MT5 statements, Tradovate, NinjaTrader, TradingView, or any broker CSV or Excel file.
Push new trades straight from MetaTrader 5 with the free EA. No export after every session.
Every account and import in one place: re-tag or prune trades.
Hands-off and read-only, from your investor password.
Integrations
No re-typing. Merlin reads the export your platform already makes.
Statement uploadFree EA pushes each tradeRead-only sync on Premium
Investor password only. Merlin never touches order entry.
Statement upload
The account size is read off the statement.
Performance CSV
The export leaves fees out, so they are estimated and labelled as estimates.
Trade Performance export
Dates read in whatever locale the grid was exported in.
Strategy tester export
The symbol is read off the file name.
CSV or Excel file
Columns and date order detected, not guessed.
filetradovate-performance.csv
4 trades · 1 account · 0 duplicates · fees estimated
Journal updated. Today’s check now sees these 4 trades.
MetaTrader, Tradovate, NinjaTrader and TradingView are trademarks of their owners. MerlinTrade is independent trading-journal software and is not affiliated with, endorsed by, or sponsored by them.
Discipline Rank
Rank rises for the work: journaling, checking first, logging mistakes. It never falls, and P&L never counts.
What you can access
Free is the whole journal, not a demo.
Where you start
Free
The whole journal and every read that runs on your own numbers.
Included · 19 tools
Pro
The AI layer, replay and the playbook tools.
Adds 9
Hands-off MT5 sync and the fine controls.
Adds 4
Merlin never touches order entry. MT5 sync uses your investor password.
Full stop. It reads your trades for you, not for a model.
It checks your plan. It never tells you what to trade.
Solo founder. No VC, no book a demo.
Questions
No. Merlin never touches order entry. It reads your imported trades and the ticket you check, and flags against your own rules. MT5 sync uses a read-only investor password.
MT4 and MT5 statements, Tradovate and NinjaTrader exports, the TradingView strategy tester, or any broker CSV or Excel file. MT5 can also push each trade with the free EA, or sync read-only on Premium.
The journal, Command Centre, Performance Lab, Behaviour Insights, Trader Genome, Scorecard, the Pre-Trade Check, Prop Firm HQ and Discipline Rank, with up to 100 imported trades. Pro adds the AI layer, replay and the playbook tools.
No. It's a plan-check against your own rules. It doesn't tell you what, when or whether to trade.
The check says so instead of pretending. Import, sync, or tell it how the session has gone, and the blind spots turn into checks.
Your data trains nothing. Full stop.
No email. No card. One click. Start journaling in 10 seconds.
Solo founder. No VC, no book a demo. Just the tool.
No email. No card. Ready in 10 seconds.