PerpLog vs Edgewonk: Which Trading Journal Is Right for You?
At a glance
| Feature | PerpLog | Edgewonk |
|---|---|---|
| Native Hyperliquid integration | Yes | No |
| Auto-journal every executed trade | Yes | No |
| Trade execution | Yes | No |
| Custom asset classes | Hyperliquid-only | Any market |
| Trade simulator | Monte Carlo (1000×100) | General-purpose |
| Psychology tracking | Yes | Yes |
| Forex / CFD support | No | Yes |
| Adaptive sizing engine | Yes | No |
| Pricing model | 0.01%/trade | $169/year |
| Web-native UX | Yes | Desktop-first |
What Edgewonk does well
Edgewonk has been a serious manual-entry journal for over a decade, with a strong following among forex and CFD traders. Its strengths are flexibility (custom asset classes, custom fields, custom workflows), psychological metrics (tilt-meter, mistake flags), and built-in trade simulation with Monte Carlo projections.
The yearly license model means no per-trade cost, which suits low-frequency swing traders. The desktop-first UX is dated by current web standards but power users appreciate the depth.
What PerpLog does that Edgewonk doesn't
- Native Hyperliquid integration. Trades execute through PerpLog and journal themselves automatically. Edgewonk requires manual entry for every trade — workable for swing trading, painful for active perp trading.
- Built-in execution. Position sizer with real Hyperliquid fees, bracket orders (Entry + SL + TP) in one click, server-side trailing stops. Edgewonk is journal-only.
- Adaptive Sizing engine. Quarter-Kelly with Bayesian shrinkage computes optimal risk per trade across segmented contexts. Edgewonk lets you journal results; PerpLog actively prescribes future sizing.
- Modern web-native UX.Mobile-responsive, real-time sync, browser-based. Edgewonk's interface looks and feels desktop-bound.
When PerpLog wins
You trade Hyperliquid perpetuals actively and want execution + journaling in one tool. Manual journal entry doesn't scale when you take 10+ trades a day, and Hyperliquid's fees and funding mechanics are perp-specific in ways Edgewonk wasn't designed for.
When Edgewonk wins
You trade forex or CFDs full-time and want the deepest manual journaling toolkit with custom fields, custom asset classes, and built-in trade simulation. If you don't trade Hyperliquid, PerpLog isn't for you and Edgewonk is a strong choice.
The bottom line
These products serve different audiences. PerpLog is for Hyperliquid traders who want execution and adaptive sizing alongside their journal. Edgewonk is for forex/CFD traders who want deep manual journaling and don't need execution integration.
See also our guide to Kelly criterion for the math behind PerpLog's sizing engine, and the full Hyperliquid trading journal ranking.
Frequently asked questions
Is PerpLog or Edgewonk better for crypto?
For Hyperliquid traders, PerpLog wins because it integrates with Hyperliquid natively and auto-journals every trade. Edgewonk requires manual entry for every crypto trade. Edgewonk wins if you trade forex or CFDs and want deep customization of asset classes and journaling fields.
Does Edgewonk support Hyperliquid?
No. Edgewonk supports custom asset classes via manual entry, but there's no API integration with Hyperliquid or other DEXs. You'd need to manually input each trade, which doesn't scale for active perp traders.
What's the pricing difference?
Edgewonk is a yearly license at $169/year. PerpLog charges 0.01% per executed trade with no subscription. For active perp traders, the per-trade model often costs less; for low-volume traders, Edgewonk's flat fee may work out cheaper.
Does PerpLog have a trade simulator like Edgewonk?
PerpLog includes Monte Carlo risk simulation (1000 simulations × 100 trades) for adaptive sizing analysis, plus a backtest comparison of adaptive vs fixed sizing. Edgewonk's simulator is more general-purpose for any market.
Can I track psychology in PerpLog like I do in Edgewonk?
Yes. PerpLog includes pre/live/post-session journaling, emotion tracking, behavioral chips (tilt, overtrading, on-fire), trade annotations with star ratings and tags, and a 90-day playbook follow-rate tracker.