DAILY CANDLE SCALPER is an EA designed to catch the elastic properties of some 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 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.

IF YOU TRY THE PRODUCT BUT WILL DECIDE TO NOT BUY IT, PLEASE SEND ME A MESSAGE WITH THE REASON. THIS WILL HELP ME TO IMPROVE THE EXPERT.

To backtest correctly, use default settings and recommended tester settings (check screenshot)

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 and past 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.

LIVE PERFORMANCE:

Full portfolio: htt*ps://*www.myfxbook.*com/members/SirSasi (copy and past link to your browser and delete * characters)

Real account n.1 high risk:

MQL5 live signals: click here – Set file: default settings and 100% risk set – ForexChief ECN account – 1000 deposit – 100% equity stop loss

MyFXBook (copy and past link to your browser and delete * characters): htt*ps://*www.myfxbook.*com/members/SirSasi/daily-candle-scalper-high-risk/10110606

Real account n.2 medium risk:

MQL5 live signals: click here – Set file: default settings and 50% risk set – ForexChief ECN account – 1000 deposit – 50% equity stop loss

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

Real account n.3 low risk:

MQL5 live signals: click here – Set file: default settings and 25% risk set – NEW (account started on 2023.01.06) Roboforex Standard account – 2000 deposit

MyFXBook (copy and past link to your browser and delete * characters): htt*ps://*www.myfxbook.*com/members/SirSasi/daily-candle-scalper-roboforex/9954951

Recommendations:

Broker: any ECN account with low spread and low commissions. My best: ForexChief, IC Markets, AdmiralMarkets and Roboforex. Alternatives: VantageFX, XM, ThinkMarkets
For best performance, run on a dedicated account on a PC/VPS with low latency to broker server
Min deposit 250 USD (or equivalent in other currencies) – Min 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 D1 chart in One chart mode (multicurrencies)
Allow web requests in MT5 settings to the following URL to activate news filter: htt*ps://sslecal2.forex*prostools.c*om/ (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