Compare NeoTLog vs. Syncopy

NeoTLog serves as an advanced trading journal and analytics tool tailored for traders involved in futures, forex, stocks, options, and cryptocurrencies, specifically designed for individuals managing multiple accounts, including those funded by proprietary firms. Users can easily export transaction data in CSV or Excel format from their brokerage or trading platform and upload it, as NeoTLog supports over 50 formats, including Tradovate, Rithmic, NinjaTrader, TopstepX, MetaTrader 4 and 5, cTrader, and Interactive Brokers, as well as Binance. The application intelligently organizes the fills into round-trip trades, factors in commissions and fees, and eliminates duplicate entries. Its comprehensive dashboard provides insights into net profit and loss (P&L), win rates, profit factors, expectancy, drawdowns, and trading streaks, alongside visual representations such as an equity curve and a P&L calendar that breaks down earnings by day, hour, session, and holding duration. Enhanced features in the Plus and Pro plans include the addition of Maximum Adverse Excursion (MAE) and Maximum Favorable Excursion (MFE) for each trade, while the Pro plan introduces AI-generated performance reports and an AI tool that extracts stop-loss and take-profit levels from chart screenshots. The platform prioritizes user privacy by storing data securely within the EU and ensuring it is never sold. Users can access a free plan allowing for up to 100 trades per year, with paid options available at $12 per month for the Plus plan and $21 per month for the Pro plan, making it accessible for traders at different levels of engagement.

Syncopy serves as both a trading journal and a trade copier specifically designed for Tradovate futures accounts, operating as a desktop application on Windows without requiring an intermediary server, ensuring that all account information remains secure and local. Users designate a primary account as the leader while assigning one or more accounts as followers, allowing orders from the leader to be duplicated across all followers, including integrated bracket stop-loss and take-profit orders that rest at the prices set by the leader. Each follower can have its trade size customized, and the application automatically adjusts for mini or micro contracts of the same product, such as NQ/MNQ or ES/MES. The built-in trading journal captures actual fill data, providing insights such as profit and loss per account, tracking of commissions and fees, a calendar overview of trades, and detailed analysis of trade excursions. Furthermore, each follower account is equipped with its own daily loss limit, which enables it to lock out independently without affecting the others, ensuring personalized risk management. Security is reinforced by encrypting user credentials using Windows DPAPI, maintaining a high level of data protection. Available for a one-time payment of $149, Syncopy does not require a subscription and necessitates both a Windows operating system and access to the Tradovate API for full functionality. This comprehensive tool simplifies the trading process while enhancing accountability and performance tracking across multiple accounts.