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Daily Candle Scalper EA MT5 (Latest version) | Unbounded

Daily Candle Scalper EA uses elastic strategies and technical indicators to manage multi-asset portfolios with customizable risk, automation and stable profits.

Original price was: $999.00.Current price is: $599.00.

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  • Unlimited Activations

You can use product with unlimited account

 

  • Instant delivery

Download link will be sent instantly after purchase

 

  • Easy to install

Pre-activated, ready to use immediately

 

  • Free Update
  • Free Install Support

Payment Methods:

Description

Product Overview

Daily Candle Scalper EA MT5 is an advanced MetaTrader 5 Expert Advisor designed for systematic, automated trading with a strong focus on daily market analysis, portfolio management, flexible money management, and risk control.

The EA analyzes market conditions tick by tick and can manage multiple supported instruments from a single EURUSD D1 chart when using One Chart Mode. Its strategy is designed to identify market elasticity, price expansions, contractions, volatility changes, and potential trading opportunities across a diversified portfolio.

One of the main advantages of Daily Candle Scalper EA MT5 is its fully customizable money management system. Traders can allocate a specific percentage of their account balance to the EA and independently define the desired risk exposure. This makes the Expert Advisor suitable for different trading approaches, from a dedicated small account to a controlled addition to an existing investment portfolio.

The EA also includes a news filter, spread protection, equity stop loss, automatic lot sizing, fixed lot sizing, risk presets, and configurable trading parameters, giving traders greater control over how the system operates.

About the Developer

• Author: Salvatore Caligiuri
• Experience: Over 5 years of experience on MQL5.
• Notable Products: Daily Candle Scalper, AlgoFusion FX, Dynamic Portfolio EA and other advisors.
• Flagship Product: Daily Candle Scalper EA MT5 is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>>Reviewed by Jason Stap <<

Key Features of Daily Candle Scalper EA MT5

Market Elasticity Strategy

The core strategy focuses on identifying changing market conditions and potential price expansions or contractions. The EA analyzes price behavior, volatility, historical data, and technical signals to identify potential opportunities.

Advanced Money Management

Daily Candle Scalper EA MT5 provides flexible money management options that allow traders to determine how much of their account should be allocated to the Expert Advisor.

You can configure:

  • Percentage of account balance allocated to the EA
  • Custom risk exposure
  • Automatic lot sizing
  • Fixed lot sizing
  • Equity stop loss
  • Maximum drawdown protection
  • Profit targets
  • Risk presets

This allows the EA to be adapted to different account sizes and risk preferences.

Multi-Currency Trading

In One Chart Mode, the EA can monitor and trade multiple supported instruments from a single chart. This can help create a more diversified trading environment instead of relying exclusively on one currency pair.

Tick-by-Tick Market Analysis

The Expert Advisor analyzes market activity on every tick. Because of this, the developer recommends using Every tick based on real ticks when performing MT5 backtests for more realistic testing conditions.

Integrated News Filter

The EA includes a configurable economic news filter designed to restrict trading around important news events.

Traders can configure:

  • News filter activation
  • Broker GMT time zone
  • Minutes to stop trading before news
  • Minutes to resume trading after news

This feature is intended to reduce exposure to potentially extreme volatility around major economic announcements.

Spread Protection

The Maximum Spread parameter allows traders to define the maximum acceptable spread. When the current spread exceeds the configured limit, the EA will not open a new trade.

Automatic and Fixed Lot Sizing

The money management system supports both:

  • AutoLot — automatically calculates position size according to the configured balance and risk parameters.
  • FixedLot — uses a predefined initial lot size.

This provides flexibility for both conservative and more customized trading approaches.

Equity Stop Loss

The EA can automatically close its positions when the configured equity stop-loss percentage is reached. This provides an additional layer of account-level risk control.

Technical Indicator Settings

For Multi Chart Mode, the EA provides configurable technical parameters including:

  • RSI timeframe
  • RSI period
  • RSI overbought/oversold levels
  • Main trend timeframe
  • Moving average period
  • Minimum distance between trades
  • Single-trade profit target
  • Multiple-trade profit target

User-Friendly Configuration

The settings are designed to be understandable for traders without requiring advanced programming knowledge. Key parameters are clearly separated into general settings, news filter settings, money management, RSI, trend, and target sections.


How Does Daily Candle Scalper EA MT5 Work?

Daily Candle Scalper EA MT5 follows a systematic automated trading process.

First, the EA analyzes available market data and evaluates price behavior, volatility, technical conditions, and trend-related information. It then searches for conditions that meet the strategy’s trading requirements.

When a valid opportunity is detected, the EA calculates the appropriate position size according to the selected money management configuration.

The trading process can include:

  1. Market analysis
  2. Technical condition evaluation
  3. Spread verification
  4. News filter verification
  5. Risk and lot-size calculation
  6. Trade execution
  7. Position management
  8. Profit-target or risk-control management
  9. Equity protection when required

The system can also monitor several supported instruments when operated in One Chart Mode.


Why Choose Daily Candle Scalper EA MT5?

Daily Candle Scalper EA MT5 is designed for traders who want more control over automated trading rather than relying solely on fixed lot sizes or a single predefined risk model.

Flexible Portfolio Allocation

Instead of committing the entire account to the EA, traders can allocate a specific percentage of their balance to the system.

For example, an account with $10,000 could allocate only a portion of its capital to the EA while keeping the remaining funds available for other strategies.

Customizable Risk Exposure

The ability to define risk exposure independently from the total account balance can make the EA easier to integrate into a broader portfolio.

Multi-Asset Approach

Trading multiple supported instruments can potentially reduce dependence on the behavior of a single market, although diversification does not eliminate trading risk.

Built-In Protection

Spread control, news filtering, equity stop loss, and configurable money management provide several mechanisms for controlling trading exposure.

Transparent Testing Philosophy

The developer specifically warns users that backtests should be treated primarily as a tool for understanding the EA, studying its behavior, and testing settings—not as a guarantee of future profitability.

Daily Candle Scalper EA MT5 Performance Review

🔴 Backtest: High Risk, Low Capital Strategy

  • Initial Deposit: $250
  • Total Net Profit: $6.76 million
  • Equity Drawdown (Relative): 32.98%
  • Equity Drawdown (Maximal): 20.72%
Daily Candle Scalper MT5 Backtest Results

Daily Candle Scalper MT5 Backtest Results

🔴 Backtest: Moderate Risk Strategy

  • Initial Deposit: $1,000
  • Total Net Profit: $141,895
  • Equity Drawdown (Relative): 18.12%
  • Equity Drawdown (Maximal): 17.40%
Daily Candle Scalper EA Backtest Results

Daily Candle Scalper EA Backtest Results

🔴 Backtest: Conservative Risk Allocation

  • Initial Deposit: $10,000
  • Total Net Profit: $16,856
  • Equity Drawdown (Relative): 3.70%
  • Equity Drawdown (Maximal): 3.70%
Daily Candle Scalper EA MT5 Backtest Results

Daily Candle Scalper EA MT5 Backtest Results

Recommended Capital Allocation

One possible approach is to allocate only a percentage of the account to the Expert Advisor. For example, a trader could allocate 20% of a $10,000 account, meaning approximately $2,000 is assigned to the EA’s risk and position calculations.

The exact allocation and risk level should depend on the trader’s personal financial situation and risk tolerance.

Equity Protection

The equity stop-loss feature can be configured to close positions when the defined percentage threshold is reached.

Risk Presets

The Auto Risk Preset mode can automatically manage calculations according to the selected risk level and configured drawdown parameters.

Broker Conditions

For optimal execution, the developer recommends using a broker with:

  • Low spreads
  • Competitive commissions
  • Reliable execution
  • Low latency
  • Stable trading infrastructure

A dedicated PC or VPS located close to the broker’s trading server is also recommended for automated trading.

Backtesting Requirements

Because the EA analyzes every tick, proper testing is important.

For MT5 Strategy Tester, use:

Every tick based on real ticks

The first backtest may take time to begin because MetaTrader 5 needs to download historical market data from the broker’s server. This is normal for a data-intensive Expert Advisor.


Weaknesses and Risk Warnings

Despite its advanced features, Daily Candle Scalper EA MT5 is not risk-free.

Backtest Limitations

Backtest results should not be interpreted as guaranteed future performance. Real-market execution can differ significantly from historical simulations due to spreads, slippage, commissions, liquidity, execution speed, market gaps, and other factors.

News Filter Limitation During Backtesting

An important limitation is that the news filter does not function in the same way during backtesting. Therefore, differences between backtest results and live trading can occur.

This means historical Strategy Tester results may not accurately represent the EA’s behavior during periods of major economic news.

Market Risk

Automated trading can produce substantial losses. A high-risk configuration can increase both potential returns and potential drawdowns.

Broker Dependency

Performance can vary between brokers because of differences in:

  • Spread
  • Commission
  • Liquidity
  • Execution
  • Server latency
  • Swap conditions
  • Available leverage

VPS Recommended

Although a VPS is not necessarily the only way to run an Expert Advisor, a stable environment with low latency is recommended for continuous automated trading.

No Guaranteed Profit

There is no trading system that can guarantee profits. Past performance, backtests, optimization results, or monitored accounts cannot guarantee future results.

Only use capital you can afford to lose.


Pros and Cons

Pros

  • Advanced automated trading system for MetaTrader 5
  • Flexible portfolio allocation
  • Customizable money management
  • Automatic and fixed lot sizing
  • Multi-currency trading capability
  • Integrated economic news filter
  • Maximum spread protection
  • Equity stop-loss functionality
  • Custom risk settings
  • Automatic risk presets
  • RSI and trend configuration
  • Single and multiple trade profit targets
  • Designed for dedicated account or portfolio use
  • Supports systematic, emotion-free execution
  • User-friendly settings

Cons

  • Requires careful risk configuration
  • Backtesting can be slow because of extensive tick-data processing
  • Must use Every tick based on real ticks for proper testing
  • News filter limitations affect backtest reliability
  • Real trading results can differ from historical tests
  • Broker execution conditions can significantly affect performance
  • Higher risk settings can produce substantial drawdowns
  • Requires MT5 and a suitable trading environment
  • No guaranteed profitability

How to Install Daily Candle Scalper EA MT5

Follow these steps to install and configure the Expert Advisor correctly.

Step 1: Install the EA

Open MetaTrader 5 and install Daily Candle Scalper EA MT5 into the appropriate Expert Advisors directory.

Restart MT5 or refresh the Navigator window after installation.

Step 2: Open the EURUSD D1 Chart

For the recommended One Chart Mode:

  1. Open EURUSD.
  2. Select the D1 timeframe.
  3. Attach Daily Candle Scalper EA MT5 to the chart.
  4. Make sure only one chart is used for the multicurrency configuration.

Step 3: Enable Web Requests

To use the news filter, allow WebRequest access in MT5:

Tools → Options → Expert Advisors → Allow WebRequest for listed URL

Add the news-filter URL provided by the EA developer.

Step 4: Configure the General Settings

Review the following parameters:

  • Magic Number
  • Trade Comment
  • Maximum Spread
  • Symbols Mode
  • Symbols to Trade
  • Balance to Allocate
  • Risk Settings Mode
  • Risk Preset

Make sure the Magic Number does not conflict with another Expert Advisor running on the same account.

Step 5: Configure the News Filter

If the news filter is enabled, correctly configure:

  • News Filter: ON
  • Broker GMT Time Zone
  • Stop Trading Before News
  • Restart Trading After News

Incorrect broker time-zone settings can affect the news filter’s operation.

Step 6: Configure Money Management

Choose between:

AutoLot

or

FixedLot

If using AutoLot, configure the balance required for each 0.01 lot according to the EA’s instructions.

If using FixedLot, define the initial lot size manually.

Step 7: Configure Risk Protection

Set an appropriate Equity Stop Loss and risk level based on your account size and personal risk tolerance.

Do not automatically use aggressive settings simply because they produce better historical results.

Step 8: Backtest Correctly

Open MT5 Strategy Tester and select:

Every tick based on real ticks

Allow MT5 to download the required historical data before evaluating the results.

Use backtesting primarily to understand the EA’s behavior, compare settings, and study historical market conditions.

Step 9: Demo Test Before Going Live

Before committing real capital, run the EA on a demo account under realistic broker conditions. Monitor spreads, execution, drawdown, trade frequency, and behavior during volatile market periods.

User reviews and community feedback

🔻Daily Candle Scalper EA is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

  • Shumini 请添加微信 (2022.12.23): “很好,非常好的EA。”
  • Nmax.Trader (2022.11.02): “The best multipair ea at the moment, open and close transactions do not wait long.”
  • Pdev (2022.12.16): “Been using the EA on live account since about a month now and its working just like it performed in backtests. Author is continuously improving the EA and including any valid requests in new versions. Overall, I am very satisfied with this EA.”
Daily Candle Scalper EA is rated 5 stars by users

Daily Candle Scalper EA is rated 5 stars by users

What’s Included in the Download Package?

  • Setting (If Any).docx
  • Installation Guide.docx

>>> Join VIP Membership Now <<<

Final Thoughts

Daily Candle Scalper EA MT5 is a feature-rich automated trading solution built around systematic market analysis, flexible portfolio allocation, customizable money management, and multiple layers of risk control.

Its biggest advantage is flexibility. Traders can determine how much of their account is allocated to the EA, choose different risk-management methods, use automatic or fixed lot sizing, control spread conditions, apply equity protection, and use a news filter to manage exposure around major economic events.

However, the EA should not be viewed as a guaranteed-profit system. Backtest results are especially important to interpret carefully because the news filter does not operate normally during backtesting, and real trading conditions cannot be perfectly reproduced by a Strategy Tester.

For a more realistic evaluation, traders should combine historical testing with demo trading, realistic broker conditions, appropriate risk management, and verified live-account monitoring.

Used responsibly, Daily Candle Scalper EA MT5 can serve as a systematic component of a diversified MetaTrader 5 trading portfolio. The most important factor remains disciplined risk management and using only capital that you can afford to lose.

FAQs

FAQs

1. What is Daily Candle Scalper EA MT5 and how does it work?

Daily Candle Scalper EA MT5 is an automated trading system that uses an elasticity-based strategy to identify market expansions and contractions. It trades multiple assets within one account using technical indicators, automated trade management, and customizable money management to optimize performance and reduce risk.

2. What is the elasticity strategy used by Daily Candle Scalper EA?

The elasticity strategy focuses on detecting when markets stretch beyond typical ranges and then revert to the mean. This approach allows the EA to capture high-probability trade entries during price retractions or overextensions.

3. Which assets does Daily Candle Scalper EA MT5 trade?

Daily Candle Scalper EA supports multi-asset trading, allowing users to manage several currency pairs and instruments within a single trading account, offering enhanced portfolio diversification.

4. How does Daily Candle Scalper EA manage risk?

The EA features a fully customizable money management system, including adjustable position sizing, risk per trade, stop-loss and take-profit settings, equity protection, and a built-in news filter to avoid volatile periods.

5. Is Daily Candle Scalper EA suitable for beginners?

Yes, the EA is designed with a user-friendly interface and clearly labeled settings, making it easy for both beginners and advanced traders to configure and run efficiently.

6. What are the backtest results of Daily Candle Scalper EA MT5?

Backtests show strong performance across different risk profiles:

High-Risk Strategy: $6.76M profit from $250 deposit

Moderate-Risk Strategy: $141K profit from $1,000

Conservative Strategy: $16.8K profit from $10,000
Each demonstrates profitability with manageable drawdowns.

7. What’s included with the Daily Candle Scalper EA MT5 package?

The download package includes the EA software, a detailed installation guide, setting files (if any), and access to VIP support and community channels for updates and assistance.

8. Who developed Daily Candle Scalper EA MT5?

The EA was developed by Salvatore Caligiuri, a trusted MQL5 developer with over 5 years of experience and other popular products like AlgoFusion FX and Dynamic Portfolio EA. Daily Candle Scalper EA is recognized as one of his top-rated solutions.

Specification

Technical Details

Trading platform

MetaTrader 5 (MT5)

Time frames

D1 (Daily)

Currency pairs

EURUSD

Product type

Original version

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