Daily Candle Scalper MT5 V2.8

To backtest, use recommended set file: download here

To check strategy solidity, download 5 years full report backtest on 5 different brokers, with different trading conditions and different characteristics, in real ticks mode for realistic spreads, commissions and swaps: click here

  • This expers works analyzing every tick of the markets, Use only “Every ticks based on real ticks” mode to get it work correctly and for realistic results
  • Differences between backtest and live trading are due to news filter that doesnt works during backtest
  • To check strategy solidity run backtest from 2018
  • Due to the large number of trades and to the complexity of the algorithm, backtest can be slow

Before buy: backtest results can never guarantee same results in the future. Trading is a risky activity, be sure you know the risks involved before invest your money. Trading with this expert advisor involves a high degree of risk and can result in a large sums of money, including the entire paid-up capital. You should always invest an amount you can afford to lose.

PRODUCT DETAILS

DAILY CANDLE SCALPER is a multicurrencies EA designed to catch the elastic properties of some currency pairs in the forex market. Based on a solid and advanced grid approach with a lot size increaser, based on last 5 years markets behavior and programmed by professional coders, this bot will trade selected pairs stictly following the main trend. This is not a popular grid EA, particular conditions ON DAILY CHART need to be verified before starting to trade.

LIVE PERFORMANCE:  MQL5 live signals: click here – Download set file: click here

MyFXBook (copy and past link to your browser and delete * characters): htt*ps://*www.myfxbook.*com/members/SirSasi/daily-candle-scalper/9670080

Telegram group: if you buy, send me your Telegram name to add you in the channel


Recommendations:

  • Broker: any ECN account with low spread and low commissions. My best: ForexChief, IC Markets and Roboforex. Alternatives: VantageFX, XM, ThinkMarkets
  • For best performance, run on a dedicated account on a PC/VPS with low latency to broker server
  • Minimum deposit 500 USD (or equivalent in other currencies) – Minimum leverage 1:100, recommended 1:500

Features:

  • Multicurrencies EA: attach on only one chart (EURUSD D1) to trade all supported symbols
  • Double usage: One chart mode for multicurrencies trading and automatic settings, Multi chart mode for your custom strategy
  • 5 years solid backtest and live certified account performance
  • News filter
How to install:
  • The EA must be attached to only EURUSD daily chart in One chart mode (multicurrencies)
  • Allow web requests in MT5 settings to the following URL to activate news filter: htt*ps://ec.*forexprostools.com (delete * characters)
 
General settings

Magic number – orders identifier
Set trades comment
Max spread in points
Symbols mode – Multicurrencies or single pair mode
Risk settings mode – Custom or auto risk preset
Risk preset – Only if Risk settings mode = Use auto risk preset – in percentage. If reached, expert will close all positions

News filter settings
Activate news filter- true to activate, false to deactivate
GMT time zone (broker) – Your broker server GMT offset
Stop trading before news – in minutes
Resatrt trading after news – in minutes

Money management settings only if CUSTOM RISK SETTINGS
Lot size method – AutoLot or fixed
Balance for 0.01 – only for AutoLot size mode
Initial size for – only for fFxedLot size mode
Equity stop loss –  in percentage. If reached, expert will close all positions

NEXT PARAMETERS ARE VALID ONLY FOR MULTI CHART MODE
RSI settings
RSI timeframe –  the TF to use for RSI indicator
RSI period – Set RSI period
RSI Os/Ob level – oversold and overbought RSI levels. Oversold = this value, Overbought = 100 – this value

Trend settings
Trend timeframe – set timeframe to estabilish main trend
Moving average period – set period of moving average main trend
Distance between trades – set minimum distance in pips before next trade

Targets settings
Profit target for single trade – profit in pips for a single trade
Profit target for multiple trades – profit in pips if multiple trades

   
Daily Candle Scalper
Daily Candle Scalper
Daily Candle Scalper

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