Question 1

What is the main strategy of Daily Candle Scalper?

Accepted Answer

It is a multi-pair grid scalper that uses Daily timeframe trend analysis (MA 20) and RSI confirmation to open grid trades during high-probability market moves.

Question 2

How many currency pairs does it trade?

Accepted Answer

It operates in one chart multicurrency mode, simultaneously managing up to 28 major forex pairs from a single chart for true portfolio diversification.

Question 3

Does it use Grid trading?

Accepted Answer

Yes. It features an Automatic Linear Grid with 4 levels of increasing lot multipliers, allowing it to scale positions intelligently during price swings.

Question 4

Is there a news filter?

Accepted Answer

Yes. The EA has an active news filter that pauses trading 60 minutes before and 90 minutes after high-impact news events to protect your account.

Question 5

What is the risk management like?

Accepted Answer

It uses Auto risk mode with a maximum drawdown limit of -50% and intelligent position sizing to keep overall portfolio risk under control.

Question 6

What is the profit target?

Accepted Answer

The EA targets 10 pips profit on the first trade and a 1.0% account profit when multiple grid trades are active, ensuring disciplined exits.

Question 7

Is it safe for Prop Firms?

Accepted Answer

Yes. With strict drawdown protection, news filter, and controlled grid levels, it is well-suited for Prop Firm and funded account trading.

Question 8

Is it difficult to set up?

Accepted Answer

No. The EA is designed for simplicity — just attach it to one chart, and it automatically manages all supported pairs with ready-to-use default settings.

Daily Candle Scalper EA MT5Premium

Before You Start