Product Overview
First Scalper MT5 is an automated Expert Advisor for MetaTrader 5 based on a scalping strategy developed by its author. The EA is designed to trade across different symbols and timeframes while keeping the user-facing configuration relatively simple.
According to the developer, a large number of internal parameters and settings have already been tested and optimized within the program. As a result, users do not need to configure a large collection of technical strategy parameters manually.
First Scalper is designed to automate trade execution and position management, with options covering Take Profit, Stop Loss, Averaging, Trailing Stop, Break Even, money management, trading schedules, spread control, news filtering, and notifications.
The EA can be used on multiple charts and symbols, making it possible to build a broader automated trading setup. However, each additional chart increases overall market exposure, so position sizing should be adjusted accordingly.
About the Developer
• Author: Kyra Nickaline Watson-gordon
• Experience: Over +4 years of experience on MQL5.
• Notable Products: First Scalper MT5, Fidelity MT5 and other advisors.
• Flagship Product: First Scalper 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 <<
Main Features of First Scalper MT5
Automated Scalping
First Scalper is designed around a dedicated scalping strategy developed by the author. The EA can operate on different symbols and timeframes, allowing traders to adapt its use to their preferred market and trading environment.
Simple User Configuration
Although the underlying strategy contains many tested parameters, the developer has limited the main user inputs to practical controls such as:
- Trade direction
- Spread limit
- Take Profit
- Stop Loss
- Averaging settings
- Trading volume
- Risk percentage
- Trailing Stop
- Break Even
- Trading schedule
- News filtering
- Notifications
This structure allows users to focus primarily on money management and trading conditions rather than modifying the internal signal engine.
Long, Short, or Both
The Trade Type option allows the EA to operate in:
- Long only
- Short only
- Both Long and Short
This gives traders control over the permitted trade direction.
Spread Protection
The Maximum Spread to Open Position parameter can prevent the EA from opening new positions when the current spread is above the configured threshold.
This can be useful for scalping because transaction costs and execution conditions can have a meaningful impact on short-term trading strategies.
Manual Trade Management Panel
The Show Panel On Chart option displays information about open positions directly on the chart.
The panel also provides an option for manually closing positions, giving the trader additional control even while the EA is running.
How Does First Scalper MT5 Work?
First Scalper automatically monitors the market and searches for trading opportunities according to its built-in scalping strategy.
When a trading opportunity is identified, the EA can open positions according to the selected trade direction and money-management configuration.
Once a position is open, the EA can manage it using different exit and recovery methods.
Position Closing Options
For positions moving into a loss, the EA provides several management approaches:
- Wait for Take Profit
- Stop Loss
- One-Step Averaging
- Two-Step Averaging
The selected method determines how the EA responds when a position does not immediately move in the expected direction.
Take Profit
The Take Profit system supports:
- Manual Take Profit
- Automatic Take Profit
The manual mode allows the user to specify the Take Profit distance in points.
Stop Loss
A Stop Loss can be configured in points when the Stop Loss option is selected.
Using a predefined Stop Loss can limit the loss on an individual position, although it cannot guarantee that the exact requested price will always be achieved during fast markets or gaps.
Averaging
First Scalper supports up to two averaging steps.
The first averaging level can be configured with:
- Averaging distance
- Volume multiplier
- Take Profit
The second averaging level provides the same type of controls.
Averaging can increase the probability of recovering a position when the market eventually moves in the expected direction, but it also increases exposure when the market continues moving against the initial position.
For this reason, averaging settings should be treated as an important risk-management decision rather than simply a method for increasing recovery potential.
Why Choose First Scalper MT5?
First Scalper may be suitable for traders looking for an automated scalping EA with configurable trade management and money-management tools.
Potential advantages include:
- Automated scalping
- Supports multiple symbols
- Supports multiple timeframes
- Long, Short, or Both trading modes
- Configurable Take Profit and Stop Loss
- One-Step and Two-Step Averaging
- Fixed or dynamic volume calculation
- Risk-percentage position sizing
- Trailing Stop
- Break Even
- Day and time filters
- Economic news filters
- Spread protection
- Chart-based position panel
- Mobile and popup notifications
- Telegram notifications
- Multiple-chart operation
The EA also allows users to stop opening new positions while continuing to manage existing trades through the Stop Trading option.
First Scalper MT5 Performance Review
🔺EURUSD M5 (12 months, $10,000 initial):
- Total Gain: 40,340%
- Total Net Profit: $4M
- Win Rate: 93.18%
- Max Drawdown: 58.53%
🔺AUDJPY M30 (12 months, $10,000 initial):
- Total Gain: 5,200%
- Total Net Profit: $519K
- Win Rate: 85.97%
- Max Drawdown: 51.43%
🔺AUDNZD M30 (12 months, $10,000 initial):
- Total Gain: 1,950%
- Total Net Profit: $195K
- Win Rate: 85.71%
- Max Drawdown: 37.4%
🔺EURUSD M15 (6 months, $10,000 initial):
- Total Gain: 1,500%
- Total Net Profit: $150K
- Win Rate: 93.98%
- Max Drawdown: 53.37%
Performance and Risk Management
First Scalper provides several tools designed to control position size and exposure.
Volume Calculation
The Volume Calculation Method can be configured using:
- Fixed Lots
- Dynamic Lots
- Risk Percentage
Dynamic lot calculation can be based on:
- Balance
- Equity
- Free Margin
The EA also provides Minimum Volume Per Trade and Maximum Volume Per Trade controls.
This allows users to place boundaries around automatically calculated position sizes.
Trailing Stop
The Trailing Stop system includes:
- Trailing Stop enable/disable
- Trailing Start
- Trailing Stop distance
- Trailing Step
These settings allow the EA to progressively adjust protection as a trade moves into profit.
Break Even
The Break Even feature can automatically adjust trade protection after a specified price movement.
The Activate Break Even After Loss parameter determines the distance used by the system according to the EA's configuration.
Day and Time Filters
First Scalper includes filters that can prevent trading during selected days and hours.
This can be useful for traders who want to restrict scalping activity during specific market sessions or periods when they prefer not to trade.
News Filter
The EA provides an economic-news filter with separate controls for:
- Low-impact news
- Medium-impact news
- High-impact news
Users can configure the number of minutes before and after a news event during which trading should be blocked.
This can help reduce exposure around scheduled economic announcements, although no news filter can eliminate all market-event risk.
Optimization
The developer recommends optimizing First Scalper using the most recent six months of data before live deployment and updating the optimization approximately every one to two months.
An important point is that the optimization process is focused on the EA's money-management parameters, rather than changing its core signal engine.
The recommended testing approach includes:
- Load all default values
- Use Every Tick Based on Real Ticks
- Optimize the averaging parameters
- Use settings appropriate for the account's price quotation
For five-digit accounts, the developer provides example optimization ranges for:
- First Step Averaging Distance: 200–500, step 150
- First Step Averaging Volume Multiplier: 2–8, step 3
- First Step Averaging Take Profit: 100–200, step 100
- Second Step Averaging Distance: 400–1300, step 300
- Second Step Averaging Volume Multiplier: 8–32, step 8
- Second Step Averaging Take Profit: 100–200, step 100
These are example optimization ranges rather than guaranteed optimal settings. Different symbols, brokers, account sizes, spreads, and market conditions may require different configurations.
Weaknesses and Risk Warnings
Averaging risk: First Scalper can use one-step or two-step averaging. If the market continues moving against the initial position, additional positions can increase total exposure and potential losses.
Volume multiplier risk: The averaging volume multipliers can increase position size significantly. Higher multipliers should therefore be evaluated carefully during backtesting and forward testing.
Scalping sensitivity: Scalping systems can be particularly sensitive to spread, commissions, slippage, execution speed, and broker conditions.
Optimization risk: Optimizing recent historical data does not guarantee that the selected parameters will remain effective in future market conditions. Frequent re-optimization can also create a risk of adapting settings too closely to recent market behavior.
News risk: Economic news can cause rapid price movements, spreads, and execution conditions that differ substantially from normal market conditions. A news filter can reduce scheduled-event exposure but cannot eliminate unexpected market movements.
Multiple-chart risk: Running First Scalper on several symbols and charts increases total exposure. The developer recommends reducing trading volumes when using multiple instances.
No guaranteed results: Automated trading does not guarantee profits. Market conditions can change, and actual results can differ significantly from historical backtests.
Pros and Cons
Pros
- Fully automated scalping
- Supports multiple symbols
- Supports multiple timeframes
- Long, Short, or Both trading modes
- Simple primary configuration
- Take Profit and Stop Loss options
- One-Step and Two-Step Averaging
- Fixed, Dynamic Lots, or Risk Percentage volume calculation
- Minimum and maximum volume limits
- Trailing Stop
- Break Even
- Day and time filters
- Low, medium, and high-impact news filters
- Maximum spread protection
- Chart-based trading panel
- Mobile notifications
- Popup alerts
- Telegram notifications
- Supports multiple charts
Cons
- Averaging can significantly increase market exposure
- High volume multipliers can increase potential losses
- Scalping performance can be affected by spreads and execution quality
- Optimization results may not remain effective in changing markets
- Requires periodic parameter review
- Multiple charts can increase aggregate risk
- The EA requires a hedging account; netting accounts are not supported
- Historical backtests cannot guarantee future results
Recommended Using Conditions
First Scalper has several important operational requirements.
Hedging Account Required
The EA works only with MT5 hedging accounts. Netting accounts are not supported.
Multiple Charts
The EA can be attached to several charts and symbols.
When running multiple instances, the developer recommends using a different Magic Number for each chart so that positions can be identified and managed separately.
Reduce Volume When Scaling
If First Scalper is deployed across multiple symbols or charts, overall exposure increases.
The developer recommends reducing trading volume when running multiple instances to help control aggregate risk.
How to Install First Scalper MT5
Install First Scalper MT5 into your MetaTrader 5 terminal.
Open the Navigator panel and locate the EA under Expert Advisors.
Before attaching the EA, make sure your MT5 account is a hedging account, because netting accounts are not supported.
Attach First Scalper to the desired chart and configure the main settings.
Important settings include:
- Trade Type
- Maximum Spread
- Magic Number
- Stop Trading
- Take Profit Mode
- Take Profit
- Stop Loss
- Averaging parameters
- Volume Calculation Method
- Risk Percentage
- Maximum and Minimum Volume
- Trailing Stop
- Break Even
- Day and Time Filters
- News Filters
- Notifications
Enable Algo Trading in MT5.
Before using real funds, perform backtests using realistic trading conditions and conduct forward testing on a demo account.
If optimization is required, the developer recommends testing the latest six months of data using Every Tick Based on Real Ticks, then reviewing the settings periodically.
Real User Reviews and Feedback
🔺First Scalper MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:
What’s Included in the Download Package?
- Setting (If Any).docx
- Installation Guide.docx
Final Thoughts
In summary, First Scalper MT5 is an automated scalping Expert Advisor designed to simplify short-term automated trading across multiple symbols and timeframes. Its main signal engine is built into the program, while users have access to practical controls for position management, money management, averaging, trading schedules, news filtering, and notifications.
One of its most important characteristics is the flexible position-management system. Traders can use traditional Take Profit and Stop Loss settings or configure one-step or two-step averaging. Because averaging can increase exposure as a position moves against the initial trade, these settings should be tested carefully and combined with appropriate position sizing.
The EA also provides a range of tools for managing risk, including spread restrictions, volume limits, risk-based sizing, trailing stops, break-even functionality, and news filters. The developer recommends optimizing the money-management parameters using recent historical data and periodically reviewing the configuration.
First Scalper requires a hedging MT5 account, and users running the EA on multiple charts should use separate Magic Numbers and consider reducing trade volumes.
As with any automated scalping system, real-world performance can be affected by market conditions, spreads, commissions, slippage, execution quality, and changes in volatility. Backtesting and optimization should therefore be treated as evaluation tools rather than guarantees of future profitability.
