Hang on...
If you need to audit 24/7/365, why are you running the trace every 5 minutes? Set a larger file size, set a rollover (BoL will show you how to do that) and leave one trace to run all the time.
Gail Shaw
Microsoft Certified Master: SQL Server, MVP, M.Sc (Comp Sci)
SQL In The Wild: Discussions on DB performance with occasional diversions into recoverability