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

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.

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

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