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Daily Candle Scalper is an MT5 expert advisor tagged for scalping. It trades automatically and lets you set how much of your balance it may use and how much drawdown of that amount it may take.
Get one message the moment it launches, with its price.
Daily Candle Scalper is an expert advisor for MetaTrader 5 that opens and manages short-term trades automatically. Its main feature is a money management layer: you decide what part of your balance the expert may use and how much loss on that part you will accept.
The strategy is described as looking for elastic market conditions, meaning moments when price stretches away from its recent behaviour and may pull back. To judge this it studies recent price data, volatility and standard technical indicators, then opens trades when its conditions are met. It places and manages orders itself, so you do not need to click anything once it is attached to a chart.
Because it is a scalping style system, it can open a fairly large number of trades. Costs such as spread and commission therefore matter more than they would for a slower system.
This makes it possible to run the expert on a dedicated account or as a small part of a wider portfolio. Decide the allocation first and the risk limit second, and keep both at levels you could lose entirely without harm to your finances.
The expert is intended for forex and can work across several symbols. Exact symbol lists, recommended timeframes and ready-made set files are not fixed here, so read the product page and ask the author for set files that match your style. Confirm that your broker offers the symbols you plan to use and that their specifications are standard.
The inputs are grouped around risk and position sizing. Default values are the starting point for any test; check the Inputs tab after attaching the expert to see the exact names and numbers.
| Input group | Purpose |
|---|---|
| Balance allocation | Share of the account balance the expert may use |
| Risk exposure / maximum drawdown | Limit on loss measured against the allocated amount |
| Lot size | Fixed or calculated position size per trade |
| Equity stop loss | Closes trading when equity falls to a set level |
| Profit target | Optional level at which gains are taken |
| News filter | Pauses trading around scheduled news events |
Use the tester only to understand how the inputs behave and to compare set files. Choose the every tick based on real ticks mode, keep the default inputs for a first run, and allow the terminal to download history from your broker, which may delay the start. The news filter does not work in the tester, so live behaviour will differ from test output.
Trading carries a high degree of risk and you can lose some or all of the money you deposit. Past results, including backtests, do not predict future ones. Only use funds you can afford to lose, start on a demo account, and review the live behaviour before increasing the allocation.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (not for MT4) |
| Strategy focus | Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Scalping, short-term mean reversion logic |
| Markets | Forex and other symbols; confirm suitable symbols with your broker |
| Timeframes | Check the product page and your chosen set file |
| Money management | Balance allocation, risk exposure, lot size, equity stop |
| Testing mode | Every tick based on real ticks recommended |
| Requirements | Algo trading enabled; stable connection or VPS suggested |
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No. This listing is for MetaTrader 5 only. An MT5 expert advisor cannot be loaded in MT4, so check your terminal version before buying.
Extract the download, then in MT5 choose File, then Open Data Folder. Copy the expert file into MQL5/Experts, restart the terminal or refresh the Navigator, and drag the expert onto a chart. Make sure Algo Trading is switched on.
Use the tester to learn how the inputs behave, not to forecast returns. The news filter does not operate in the tester, and no tester reproduces live spreads, slippage or execution. Past results do not predict future ones. If you test, use the every tick based on real ticks mode and let the terminal download the broker history first, which can take a while.
Scalping tools are sensitive to spread, commission and execution speed, so a low-cost account with fast execution is usually preferred. Check symbol names, lot steps, and minimum deposit with your broker, and test on a demo account first.
That depends on the settings you choose. The expert lets you allocate a percentage of the balance and set a drawdown limit on that amount, along with lot size and equity stop options. Pick values you can afford to lose, because trading carries risk of loss.
It is not required, but an expert that trades short-term works best when the terminal stays online. A VPS near your broker server is a common way to keep it running without interruption.
Daily Candle Scalper
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