Is DayTradingCentral truly free to use?
Yes, DayTradingCentral is completely free. All features and tools, including the trading journal, MT5 backtester, and performance analytics, are available without any cost or credit card requirement. The platform aims to provide value to early users and gather feedback.
How does DayTradingCentral connect with my MT5 account?
To connect, you create an account, then add your MT5 login, investor password, and server details. Once linked, DayTradingCentral automatically pulls your trades and account data, keeping your journal and stats synchronized in the background without manual entry.
Can I use DayTradingCentral with multiple MT5 accounts?
Yes, the platform supports connecting multiple MT5 accounts. You can link several accounts and easily switch between them within the DayTradingCentral application to manage and analyze all your trading activities in one place.
What kind of data does the MT5 backtester simulate?
The backtester simulates MT5 execution with high accuracy, including hedging and netting modes, 10 margin calculation modes, margin calls, stop-outs, and correct SL/TP triggering. It also accounts for real-world costs like per-lot commissions, 6 overnight swap modes, triple-swap-day, and currency conversion.
How far back does DayTradingCentral sync historical trade data?
DayTradingCentral is capable of fetching and storing up to 5 years of your historical trades from your connected MT5 account. After the initial sync, new trades are automatically updated every 5 minutes as you continue to trade.