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DreamCather is an MT5 expert advisor that scalps pullbacks within the main trend on the M5 chart, around the close of the US session. Each trade has a stop loss, take profit and a limit on how long it stays open.
Get one message the moment it launches, with its price.
DreamCather is a fully automated expert advisor for MetaTrader 5. It looks for pullbacks against the prevailing trend on the M5 chart and opens short-term trades in the direction of that trend, concentrating on the period around the close of the US session.
The EA identifies the main trend and waits for a temporary roll-back against it. When the pullback shows signs of ending, it enters in the trend direction and aims for a modest move. Every position is opened with a stop loss and a take profit, and each trade also has a limit on its lifetime, so positions are not meant to be held for days. The developer describes typical holding times of a few hours.
A volatility filter is built in and tuned for each supported currency pair, so the EA stays out when conditions fall outside its expected range. The developer states that it does not use martingale, averaging or grid techniques, and that it does not use a news filter. Since this listing carries a grid tag, confirm the actual behaviour in testing before relying on it.
Because the trades are short, spread and commission matter. An ECN-style account with low spread and fair commission is the better fit.
The developer recommends the default settings for every supported pair. The inputs you will mainly work with are listed below. Exact input names and ranges may differ, so read the input list on the product page.
| Setting | Purpose | What to check |
|---|---|---|
| Risk or fixed lot | Sizes each trade from a percentage of the account, or uses a set lot | Start small and confirm the lot size suits your account |
| GMT_Shift | Aligns the EA's time logic with your broker's server time | Verify your broker's GMT offset, including daylight saving changes |
| Working time | Optionally limits the hours in which the EA may trade | Keep the default unless you have tested a change |
Automatic position sizing and a fixed stop loss limit the loss on each trade, but they do not remove risk. Slippage, wide spreads and fast markets near the session close can lead to results that differ from testing. Run the EA on a demo account first and compare it with the live signal the developer links on the MQL5 page.
Trading carries risk, and you can lose some or all of your deposit. Backtests and past results do not predict future performance.
Keep the terminal running and connected while the EA is active. If you cannot do this on your own computer, consider using a VPS.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Trend pullback scalping, short holding times |
| Timeframe | M5 |
| Main pairs | EURUSD, USDCHF, GBPUSD |
| Minor pairs | EURGBP, USDJPY |
| Account type | ECN-style account with low spread and fair commission preferred |
| Requirements | Stable connection or VPS; correct GMT_Shift setting |
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Attach one instance to an M5 chart of a recommended pair. The main pairs are EURUSD, USDCHF and GBPUSD, with EURGBP and USDJPY as minor options. Avoid running it on other symbols, as the built-in volatility filter is tuned for these pairs.
The developer states that the default settings are intended for all recommended pairs. You still need to choose between risk-based lot sizing and a fixed lot, and you must set the GMT_Shift parameter to match your broker's server time. Check the full input descriptions on the product page before going live.
The developer states that it does not use martingale, grid or averaging, and that each position has its own stop loss and take profit. Because the strategy tags on this listing include grid, test the behaviour yourself in the Strategy Tester and on a demo account before trading real funds.
The developer suggests a minimum deposit of about 100 USD, but this depends on your broker, lot sizes and risk setting, so check the contract specifications of your account. A low-spread ECN-style account is preferred because the trades are short and spread has a larger effect on scalping.
The EA only trades while your terminal is running and connected. If you cannot keep a computer online during the market week, a VPS is a sensible option.
No. This product is for MetaTrader 5 only. An MT4 build is a separate product and will not run in MT5.
DreamCather MT5
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