LedgerPips is an automated forex trading journal built for Prop Firm traders. It connects directly to your MetaTrader 4 or MetaTrader 5 account, syncs your trade history automatically, and uses AI to surface the performance patterns, risk habits, and drawdown risks that a manual spreadsheet can't catch in real time.
If you've landed here searching "what is LedgerPips," here's the short version: it's a modern alternative to Myfxbook, TradeZella, and Tradervue, purpose-built for retail Forex traders and Prop Firm challenge participants who need automated tracking instead of manual data entry.
What Does LedgerPips Do?
At its core, LedgerPips replaces two things traders normally do manually: recording every trade, and figuring out what that data actually means. Once your MT4 or MT5 account is connected with a read-only investor password, every trade you open and close is pulled in automatically — no CSV exports, no copy-pasting numbers into a spreadsheet after the market closes.
From there, LedgerPips turns raw trade history into the numbers that actually predict future results: win rate, expectancy, equity curves, and performance broken down by session, pair, and setup — plus real-time drawdown monitoring for anyone trading a funded evaluation, covered in detail in our guide to FTMO drawdown rules.
Who Is LedgerPips For?
- Retail Forex traders who want an accurate, automated record of their performance instead of a manual spreadsheet
- Prop Firm challenge participants — FTMO, FundedNext, MyFundedFX, and similar evaluation programs
- MT4 and MT5 users looking for native, automated sync rather than manual import
- Funded traders who need to keep proving consistency after passing an evaluation, not just during it
Key Features
- Automated MT4/MT5 trade synchronization — no CSV uploads or manual entry
- AI-powered trading coach that flags behavioral and statistical patterns in your history
- Real-time drawdown monitoring and Prop Firm rule tracking
- Position sizing and risk management calculator
- Trade journal with tagging, notes, and strategy tracking
- Equity curve and performance analytics segmented by session, pair, and setup
LedgerPips at a Glance
An automated forex trading journal for MT4/MT5, built specifically for Prop Firm and funded-account traders — real-time drawdown alerts, AI-driven pattern detection, and zero manual data entry. Plans start at $4.99/month, all with a 14-day free trial and no credit card required.
How Is LedgerPips Different From Myfxbook, TradeZella, and Tradervue?
The short answer is automation and focus. Where older tools like Myfxbook rely on a dated interface and slower sync, and TradeZella and Tradervue split their focus across every asset class, LedgerPips is Forex- and Prop-Firm-first from the ground up — native MT4/MT5 sync, drawdown rules built around real evaluation structures, and an AI coach trained on the specific failure patterns that cause funded accounts to breach.
How Much Does LedgerPips Cost?
LedgerPips has three plans, all billed monthly with no long-term contract:
- Starter — $4.99/month, 1 connected account
- Pro — $9.99/month, up to 3 connected accounts
- Unlimited — $19.99/month, up to 10 connected accounts
Every plan includes a 14-day free trial, and no credit card is required to start.
See LedgerPips in Action
Connect your MT4 or MT5 account, and LedgerPips starts building your equity curve, tracking your drawdown against your Prop Firm's rules, and surfacing the patterns in your trading — automatically, from your very first synced trade.
Conclusion
LedgerPips is what a trading journal looks like when it's built specifically for Forex and Prop Firm traders instead of adapted from a general-purpose tool: automated MT4/MT5 sync, AI-driven insight into your actual trading behavior, and drawdown tracking built around how real evaluations work. If manual tracking is the reason your data is incomplete, that's the exact gap it's built to close. For the specific reasons traders choose it over the alternatives, see why traders are switching to LedgerPips.
