Research Team

M1NDTR8DE vs Edgewonk: psychology tracking compared

Both M1NDTR8DE and Edgewonk focus on trading psychology. Compare their approaches to emotion tracking, pattern detection, AI coaching, and pricing.

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This article is for educational purposes only and does not constitute financial advice. Trading involves substantial risk of loss.

Both Edgewonk and M1NDTR8DE take trading psychology seriously. But they approach it differently—one through powerful manual tracking tools, the other through automated AI analysis.

If you're choosing between them, the key question isn't which tool is "better." It's which approach matches how you want to improve.

What Edgewonk built (and why it resonates)

Edgewonk launched with a clear mission: help traders understand the psychology behind their decisions. For years, they've been the choice for traders who want serious emotion tracking.

Here's what Edgewonk does well:

The Tilt Meter

Edgewonk's most distinctive feature is the Tilt Meter, a psychology tracker that categorizes emotional states:

  • Confidence, Anger, Fear, Frustration, Overconfidence, and others
  • Tags emotions before and after trades
  • Stores this data in your journal for pattern analysis
  • Helps you recognize your own emotional triggers

This is genuinely thoughtful product design. The Tilt Meter acknowledges something most trading tools miss: your emotional state is the data worth analyzing.

Customizable tags

You can create unlimited custom tags to categorize your trades however makes sense for your analysis:

  • Setup types (VWAP bounce, breakout, reversal, etc.)
  • Session tags (Asian, London, New York)
  • Risk categories (scalp, swing, hot)
  • Custom behavioral tags

This flexibility appeals to traders who want complete control over how they structure their analysis.

One-time purchase model

At $169, Edgewonk is a one-time software purchase. No recurring fees. No subscription model. You buy it once and own it forever.

For traders skeptical of SaaS pricing—or those on tight budgets—this is compelling. There's no monthly commitment and no monthly surprise charges.

Proven track record

Edgewonk has been in the market for over a decade. The community is mature. The forum is active. Many serious traders swear by it, especially in the Forex and MetaTrader community.

This matters. A tool that's been battle-tested and survived the graveyard of failed trading apps has proven staying power.

Desktop app + offline access

Edgewonk runs as a desktop application. You own the software. You can trade offline (though syncing requires connectivity). There's something reassuring about that for traders who don't trust cloud-only tools.

Edgewonk didn't invent psychology tracking, but it built the most thoughtful version of manual emotion tracking available.


Where Edgewonk shows limitations

One-time purchases come with a trade-off: slow evolution.

No AI features at all

This is the core limitation. Edgewonk provides tools to log emotions and psychology data. It does not interpret that data automatically.

You log a trade as "frustrated." Edgewonk doesn't tell you if frustrated trades historically perform worse. You identify the pattern yourself.

This is intentional design philosophy, not a technical limitation. But it means all the heavy cognitive work—spotting revenge trading patterns, correlating emotions to outcomes, identifying your behavioral profile—falls entirely on you.

Manual analysis required

The Tilt Meter is powerful, but it requires discipline:

  • You must remember to tag every trade
  • You must assign emotions accurately (which is hard in the moment)
  • You must manually review your tags to detect patterns
  • You must interpret what the patterns mean

For some traders, this systematic reflection is the point. For others, it's friction that delays improvement.

Limited to MetaTrader/Forex

While Edgewonk technically supports other brokers, it's primarily built for MetaTrader users and Forex traders. If you trade stocks, crypto, or use other platforms, the integration is basic compared to tools built specifically for your market.

No mobile or web app

Edgewonk is desktop-only. There's no mobile app to log emotions between sessions. There's no web version to check your psychology data during the trading day.

Modern traders expect the tools they use to be accessible on the devices they carry. The desktop-only limitation is increasingly a constraint.

No pre-market planning

Edgewonk excels at post-trade reflection. But it doesn't help you structure your trading day before markets open.

Research on consistent traders shows that those who plan before trading—setting risk limits, identifying setups to watch, defining emotional red flags—perform better. Edgewonk doesn't support this workflow.

Edgewonk's strength (manual psychology control) became its limitation (manual analysis required). One-time purchase means feature development is minimal.


M1NDTR8DE: the AI approach to psychology tracking

M1NDTR8DE takes the opposite philosophy: automate the psychology analysis so you can focus on execution.

Automatic behavioral pattern detection

M1NDTR8DE analyzes your trades for patterns you wouldn't spot manually:

  • Revenge trading alerts — "You opened this position 8 minutes after a loss. Historically, your revenge trades have a 31% lower win rate."
  • Overtrading detection — "This is your 7th trade today. Your accuracy drops 23% after your 5th trade."
  • Emotional drift detection — "Your position sizes increased 35% after yesterday's win. Trades in this situation historically lose 2.1% on average."
  • Stop-loss avoidance — "You closed this trade for a breakeven exit instead of your planned stop. This pattern has cost you 2.3% on average per occurrence."

You don't need to spot these patterns. The AI does it automatically, across your entire trading history, then alerts you to the ones that matter most.

Emotion-to-outcome correlation

M1NDTR8DE connects emotional states to trading results:

  • "Your trades logged with 'confident' emotion have 19% higher returns."
  • "Trades after journaling 'frustrated' have 38% lower win rates."
  • "You perform best on days when you stay patient. Days with multiple rapid entries correlate with -1.2% daily returns."

This isn't you manually reviewing your data. This is the AI doing the statistical analysis and presenting you with the conclusions.

Psychology-focused AI Coach

The AI Coach goes beyond pattern detection. It provides personalized guidance:

  • "Based on your last 100 trades, revenge trading is your biggest behavioral leak. Here's how to structure your trading day to prevent it."
  • "Your journal entries show anxiety around Unemployment reports. Consider reducing position size during macro data releases."
  • "You've shown a pattern of excellent trade selection but poor patience. Your first instinct is usually right—stick with it longer."

This is where M1NDTR8DE differs fundamentally from Edgewonk. The system doesn't just log psychology. It coaches you on it.

Pre-market planning system

Structure your trading day before markets open:

  • Write your daily plan with specific setups to watch
  • Set your risk limit and position sizing rules
  • Log your emotional state before trading starts
  • Track how your actual trading compared to your plan

Research shows this single change—planning before trading—improves consistency by 15-23% on average.

Modern web + mobile interface

M1NDTR8DE works on desktop, tablet, and mobile. Log emotions immediately after closing a trade. Review your psychology data during lunch. Check your AI Coach insights before market open.

This accessibility changes behavior. Traders who can journal in seconds (rather than typing paragraphs into a desktop app) actually maintain the habit.


Direct feature comparison

Edgewonk

  • -Manual emotion tracking (Tilt Meter)
  • -Custom tags and categories
  • -Trade logging and notes
  • -Statistical analysis (manual)
  • -Desktop app
  • -No AI features
  • -No mobile app
  • -No pre-market planning
  • -MetaTrader focus
  • -One-time $169 purchase

M1NDTR8DE

  • AI emotion tracking
  • Automatic pattern detection
  • Full journal + AI insights
  • AI-powered correlation analysis
  • Web + mobile apps
  • Psychology-focused AI Coach
  • Full mobile support
  • Pre-market planning system
  • All brokers supported
  • Free Basic + €19/mo Pro tier

Pricing comparison: the numbers

Here's where the trade-off becomes concrete:

$169
Edgewonk

One-time purchase

€19/mo
M1NDTR8DE Pro

Full AI Coach included

9 months
Break-even point

When M1NDTR8DE cumulative cost exceeds Edgewonk

The longer comparison:

TimeframeEdgewonkM1NDTR8DE ProWinner
First month$169€19M1NDTR8DE
6 months$169€114M1NDTR8DE
12 months$169€228Edgewonk
24 months$169€456Edgewonk
3 years$169€684Edgewonk

What this means:

  • If you want psychology tracking for under 9 months, M1NDTR8DE is cheaper (and includes AI)
  • If you want to use the tool for 2+ years, Edgewonk's one-time cost wins on pure price
  • But M1NDTR8DE includes AI Coach, which Edgewonk doesn't offer at any price

The real question isn't "which is cheaper?" It's "would I rather pay once for manual tools or pay monthly for automation?"


Where Edgewonk wins

Edgewonk is the better choice if:

1. You're a MetaTrader/Forex trader

Edgewonk built their tool specifically for this community. If you trade Forex on MetaTrader, Edgewonk's integration is superior.

2. You want a one-time purchase (no subscription)

$169 once versus a recurring monthly fee resonates with many traders. There's psychological comfort in owning software outright.

3. You prefer offline reliability

Desktop app, offline capability, you own the tool. No cloud dependencies, no "what if the platform shuts down?" concerns.

4. You like manual control over analysis

If you want complete control over how you categorize and analyze your trades—and you don't trust AI to understand your psychology—Edgewonk's customization is superior.

5. You're on a tight budget for the long term

If you'll use the tool for 12+ months, Edgewonk's cumulative cost is lower.


Where M1NDTR8DE wins

M1NDTR8DE is better if:

1. You want automated psychology insights

AI that detects revenge trading, overtrading, and emotional drift patterns automatically. No manual analysis required.

2. You value modern interface and mobile access

Web app + mobile app means you can journal from anywhere, in seconds. This actually changes whether traders maintain the habit.

3. You want AI coaching (not just tracking)

Personalized guidance based on your unique behavioral patterns. The AI learns what works and doesn't work specifically for you.

4. You need pre-market planning

Structure your trading day before markets open. Plan-vs-actual comparison. Setup tracking. This workflow isn't available in Edgewonk at all.

5. You trade multiple asset classes

Stocks, crypto, forex, options—M1NDTR8DE supports all of them equally well. Edgewonk prioritizes MetaTrader/Forex.

6. You're trying psychology tracking for the first time

The AI does the heavy cognitive lifting. You focus on execution, not analysis. This is better for traders new to emotion tracking.

Key Takeaway

Edgewonk: "Here's a detailed system to track your emotions. Now figure out what it means." M1NDTR8DE: "Log your emotions. We'll figure out what it means and tell you how to improve."


How to migrate from Edgewonk to M1NDTR8DE

If you've decided to switch, your data transfers:

1

Export your trades from Edgewonk

Settings → Export → Choose CSV format with emotion tags and notes

2

Start your M1NDTR8DE trial

14-day free trial, full Pro features, no credit card required

3

Import your CSV

Settings → Import → Upload your Edgewonk export

4

Let the AI Coach analyze

The system processes your historical trades and generates initial insights within minutes

Your entire trade history—dates, emotions, notes, outcomes—transfers cleanly. The AI Coach immediately begins pattern analysis.


The psychological barrier

Here's what many traders don't articulate: switching tools feels like starting over.

You've logged 500 trades in Edgewonk. That investment is real. The thought of importing to a new tool and losing that emotional commitment is real.

But the data transfers. The history remains. You're not starting over—you're getting an AI analyst who can interpret years of data you've already logged.

Many traders find this is where the real value surfaces. Months of manual emotion tracking suddenly becomes actionable insight once AI pattern detection enters the picture.


The bottom line

Edgewonk is a mature, battle-tested tool built for traders who want complete control over psychology tracking. The Tilt Meter is well-designed. The community is active. For MetaTrader/Forex traders willing to do manual analysis, it remains a solid choice.

M1NDTR8DE shifts the model: instead of logging emotions and manually analyzing patterns, it logs emotions and automatically detects patterns. This is faster, requires less cognitive effort, and includes personalized AI coaching that Edgewonk doesn't offer.

The choice comes down to this question:

Would you rather own a tool that helps you track psychology—or use a tool that helps you improve psychology?

If the answer is "improve," M1NDTR8DE's AI Coach is the difference. At €19/month with a 14-day free trial, you can experience the difference without financial risk.

See what AI psychology coaching reveals

Start your 14-day trial. Import your Edgewonk history. Watch the AI Coach identify patterns months of manual analysis missed.


Frequently asked questions

Can I use Edgewonk's Tilt Meter with M1NDTR8DE?

No, they're separate systems. But M1NDTR8DE has its own emotion tracking that feeds into AI analysis. You'll find the AI correlation feedback more actionable than manual Tilt Meter analysis.

Will M1NDTR8DE ever offer a one-time purchase?

Currently, M1NDTR8DE uses a subscription model because AI coaching requires ongoing compute. However, the Basic tier (100 trades/30 days) is free forever, so there's no mandatory subscription.

What if I want to keep using Edgewonk but also use M1NDTR8DE?

Some traders use both—Edgewonk for MetaTrader integration, M1NDTR8DE for AI insights. But the overlap is significant, and most find one tool sufficient once they identify their main need.

Is M1NDTR8DE's AI better at detecting psychology patterns than I would manually?

Research on behavioral pattern detection shows AI outperforms humans at finding correlations across large datasets. M1NDTR8DE can find patterns across 200+ trades that would take a human weeks of manual review to spot.

Can I export my M1NDTR8DE data later if I want to switch?

Yes. Your data is yours. You can export as CSV at any time.

Does M1NDTR8DE work with MetaTrader?

M1NDTR8DE integrates with popular brokers and supports manual CSV import from any trading platform, including MetaTrader. For direct MetaTrader integration, Edgewonk is superior.


Continue learning


Sources & further reading

  1. Kahneman, D. (2011). Thinking, Fast and Slow. Farrar, Straus and Giroux[book]
  2. Steenbarger, B.N. (2009). The Daily Trading Coach: 101 Lessons for Becoming Your Best Self. John Wiley & Sons[book]
  3. Douglas, M. (2000). Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude. Prentice Hall Press[book]
  4. Steenbarger, B.N. (2003). The Psychology of Trading. John Wiley & Sons[book]
  5. Pennebaker, J.W. (1997). Writing About Emotional Experiences as a Therapeutic Process. *Psychological Science*. DOI: 10.1111/j.1467-9280.1997.tb00403.x[paper]

See how M1NDTR8DE compares to other trading journals. Read our complete comparison of trading journals in 2026.

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