Strategies & Trade Journaling

Trade journaling is a cornerstone of performance improvement. Ascentrade automates the logging process while retaining custom qualitative inputs.

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1. Create a Strategy

Before journaling, define the strategies you trade:

• Go to the sidebar, select Strategies, and click Create Strategy.
• Fill in the strategy name, descriptions, rules, and select the timeframes and assets it works best on.
• A strategy is global: it can be linked to trades across any of your connected MT5 accounts.

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2. Automatic Trade Detection

Once your MT5 account is linked:

• Execute a trade on your standard MT5 mobile or desktop terminal.
• Within seconds, Ascentrade detects the ticket execution and sends a push notification to your phone or web dashboard.
• Clicking the notification opens a quick-entry modal.

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3. Completing the Journal Entry

Fill in the quantitative and qualitative details:

• Strategy Used: Map the trade to one of your pre-defined strategies.
• Entry Timeframe: Specify the chart timeframe you used to make the entry.
• Qualitative Notes: Describe your mental state, market setup, or lessons.
• Screenshot Attachment: Upload an image of the chart at the moment of entry.
• Click Add Entry to lock it. The system automatically pulls opening prices, swap, commission, execution timestamps, and volume data from MT5.

• When the trade is closed on MT5, the journal is updated automatically with the final profit, exit price, and execution duration.