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Wall Street Scalper is an MT5 expert advisor that scalps the US30 (Dow Jones) index on the M5 chart. It offers a news filter, a spread limit, fixed or automatic lot sizing and an on-chart panel.
Get one message the moment it launches, with its price.
Wall Street Scalper is an expert advisor for MetaTrader 5 that trades the US30 index, also known as the Dow Jones, on the M5 chart. It opens short-term positions automatically and manages them with configurable take profit and stop loss levels.
The expert is a scalper, which means it aims for small moves and tends to hold trades for a short time. Because the profit per trade is small, costs matter a great deal. Spread and slippage can change the outcome noticeably, so the product includes a maximum spread protection setting that you set to your broker's normal spread. The exact entry logic is not published in detail, so judge it by observing its behaviour on a demo account rather than by assumptions.
You can use a fixed lot or let the expert calculate size automatically from a profit/risk ratio. A higher ratio usually means more aggressive sizing and a greater chance of deep drawdown periods. A separate setting limits the number of orders open at the same time.
The inputs are grouped as follows. Check the default values in the terminal after attaching the expert, as they are not listed here.
| Setting | Purpose |
|---|---|
| Show news panel | Displays a news panel on the chart |
| Use news filter | Pauses trading around news events |
| Trade direction | Limits trading to buys, sells or both |
| Lot type | Fixed or automatic lot calculation |
| Fixed lot | Constant lot size when fixed mode is used |
| Profit/risk ratio | Drives automatic lot size |
| Take profit / stop loss | Exit levels for each trade |
| Max orders at the same time | Caps simultaneous open orders |
| Max spread protection | Blocks entries when the spread is too wide |
| News filter, day and panel settings | Detailed parameters for news, date and time filters, and the panel |
Scalping the US30 can involve sharp swings, and drawdown periods can be substantial, especially with a high profit/risk ratio. Choose a lot size you can sustain through a losing run and avoid trading money you cannot afford to lose.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and check that the settings suit your broker and account size.
Before using real funds, run it on a demo account at the same broker for an extended period and review how it handles spread, news and your server time.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Trade style | Scalping on short-term price moves |
| Market | US30 (Dow Jones Industrial Average index CFD) |
| Timeframe | M5 |
| Lot sizing | Fixed lot or automatic by profit/risk ratio |
| Requirements | Broker offering US30 with low spread; VPS recommended |
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The expert is designed for the US30 (Dow Jones) index on the M5 timeframe. Symbol names differ between brokers, so check how your broker labels the index, and open an M5 chart of that symbol before attaching the expert.
This page covers the MetaTrader 5 build. MT4 and MT5 use different program formats, so an MT5 expert cannot be loaded in MT4. Make sure your terminal matches the product before buying.
A broker with a low and stable spread on US30 is the sensible choice, because a scalper pays the spread on every trade. Use the max spread setting to match your broker's normal spread, and test on a demo account from the same broker first.
Yes. Run it on a demo account for a good number of weeks to see how it behaves with your broker's execution, spreads and server time. Trading carries risk, and results on demo or in the past do not predict future results.
Yes. The lot type setting lets you pick a fixed lot or an automatic mode where size is derived from a profit/risk ratio. A higher ratio generally means larger positions and potentially deeper drawdowns, so start conservatively.
Copy the expert file into the Experts folder via File, Open Data Folder, MQL5, Experts in your MT5 terminal. Restart the terminal or refresh the Navigator, drag the expert onto an M5 US30 chart, and allow algorithmic trading.
Wall Street Scalper MT5
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