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The DAX Morning Scalp

5
IMPORTANT: I've decided to reduce the price to the cheapest possible, as I'm currently working hard on my next EA and therefore don't have time to keep my old EAs as up-to-date as I would normally like to. I'm still available for support though!

The Dax Morning Scalp is a real daytrading strategy that does NOT use risky money management tactics like martingale systems, grid systems or hedging of any kind! It is a fully automated breakout scalping strategy designed specifically for the German Dax index (aka DE40 or GER40). The strategy uses current volatility conditions to determine the stop loss size and whether to trade at all. If volatility is too low the conditions are not favorable for a breakout strategy and if volatility is too high something might be wrong, which can cause more irrational moves. I’ve traded the strategy manually for a year and a half now and it has been extremely consistent and reliable, so I finally decided to automate it and share it with the community at a low enough price for everyone to benefit from!

ReversalMode set file can be downloaded by clicking here.

If you have any questions please contact me on mql5: https://www.mql5.com/en/users/njtrading

IMPORTANT recommendations:

  • Testing: You should ALWAYS download the demo and do some testing on your own broker before buying ANY EA on the MQL5 market. You can watch the video below for information on how to test the EA correctly or contact me on here if you have any questions.
  • Set files: Different types of set files can be found in the comment section and through the links above. Always go to the bottom comment for the newest set files. If you have any questions about the set files please send me a message on here.
  • Risk: If you're using the default settings I'd recommend anything from 0.5% to 6% risk per trade. Depending on how aggressive you want to trade.
  • Market: Designed to be used on the Dax index (usually called GER40, GER30, DE40 or DE30, depending on the broker).
  • Timeframe: The strategy uses the 15 min timeframe, but it will still work just as well if you have your chart set to another timeframe.
  • Minimum deposit: $200.
  • Account type: Preferably ECN, raw or Razor with low spreads.
  • Leverage: 1:20 is fine for the NormalMode but if you want to use both the NormalMode AND the AggressiveMode then I would recommend at least 1:50.
  • Brokers: I’d recommend ICMarkets, Pepperstone or any other reputable broker that offers low spreads and good executions.
  • MT5 account type: Doesn’t matter, both Hedge and Netting account types are fine.

 

Detailed explanation of strategy inputs:

Entry Settings:

"Auto-detect DAX opening hour" = If you switch this input to "true" the EA will automatically detect the opening hour for the DAX based on your broker's timezone. Beware that this setting does not work in strategy tester so you can't use it for testing purposes. It does however work for real trading. I would recommend enabling the "Show DAX opening time on Chart" setting as well if you plan on enabling this feature.

"DAX opening hour for current broker" = This input lets the user manually adjust the opening hour of the DAX. This is an important setting as broker's use different timezones and Charts are based on the broker's server time.

"Start minute for AggressiveMode orders" = This input lets the user manually adjust the minute of the opening hour at which the EA will open the AggressiveMode orders.

"Start minute for NormalMode orders" = This input lets the user manually adjust the minute of the opening hour at which the EA will open the NormalMode orders.

"ATR period" = The ATR indicator is used to help with the volatility calculations so here you can change the ATR length if you want to.

"Entry Diviation" = This input decides how much the market must go above/below the breakout point in order to trigger the pending order.

"Enable NormalMode" = This input is set to "true" by default but you can switch it to "false" if you only want the EA to use the AgressiveMode strategy. This input needs to be set to "true" for the UltraSafetyMode to work.

"Enable AggressiveMode" = This input is set to "true" by default but you can switch it to "false" if you want the EA to take less trades. The AggressiveMode enables the EA to take even more breakout trades in the morning and it will increase the average number of daily trades to around 3-4. I recommend testing the EA with AggressiveMode enabled and disabled so you can see the difference yourself.

"Enable ReversalMode" = You can switch this input to "true" if you want the EA to trade range reversal through limit orders. This has worked particularly well since September 2023 where breakouts started underperforming in the morning market of the DAX.

"Enable Safetymode" = You can switch this input to “true” if you want to play it safe. This will make the EA only take the first trade of the day which usually has a higher win rate but you will lose out on some profit in the long run as the second trade is also profitable.

"Enable UltraSafetyMode" = You can switch this input to "true" if you want to play it REALLY safe. This will drastically reduce the number of trades the EA takes but it will also increase the win rate. Basically improves quality while reducing quantity.

Risk Management:

"Percentage of Balance risked per trade" = Here you decide how many percent of your account balance you’re willing to risk on every trade.

"Enable Manual Lot Size" = This input is used to turn the manual lot size on and off. If the input is set to "true" the manual lot size is on and if the input is set to "false" the manual lot size is turned off and the EA will use the percentage based risk input instead.

"Manual Lot Size" = This input determines the lot size of every order the EA opens if the manual lot size option is enabled.

Exit Settings:

"Predetermined Stop Loss for NormalMode" = In case you don’t want to use the built-in volatility-based stop loss you can use this input to set a specific stop loss.

"Predetermined Stop Loss for AggressiveMode" = In case you don't want to use the built-in price action based stop loss you can use this input to set a specific stop loss value.

"ATR Stop Loss" = The multiplier used for volatility based stop loss. (1.2 means 1.2 x the ATR value)

"Stop Loss Diviation" = You can use this input to fine-tune the stop loss a bit if you want to.

"Take Profit for NormalMode orders" = This input determines the amount of points used for the take profit target. I use 1000 as the default value but you can change it if you want a specific risk/reward ratio for example.

"Take Profit for AggressiveMode orders" = This input determines the amount of points used for the take profit target of the AggressiveMode trades. I use 2000 as the default value but you can change it if you want a specific risk/reward ratio for example.

"Take Profit for UltraSafetyMode orders" = This input determines the amount of points used for the take profit target of the UltraSafetyMode trades. I use 1000 as the default value but you can change it if you want a specific risk/reward ratio for example.

Trailing Stop Loss Settings:

"Enable Trailing Stop Loss" = This input enables the Trailing Stop feature. The input is set to "false" by default which means it is disabled. If you want to enable the feature you need to change the input to "true".

"BreakEvenStop" = This input overrides the Trailing Stop so that the EA only moves the stop loss to the entry point, when the trigger and distance criterias are met. The Trailing Stop Loss input above needs to be set to true for this BreakEven option to work.

"Trailing Stop Loss trigger" = This input determines how far the market needs to move in the direction of the position before the Trailing Stop Loss feature starts working. This input requires the Trailing Stop Loss input above to be enabled.

"ATR based Trailing Distance" = This input lets the user decide the Trailing Stop Loss distance in terms of the ATR value of the last 15min bar.

"Point based Trailing Distance" = This input lets the user decide the Trailing Stop Loss distance in points.

General Settings:

"Show DAX opening time on Chart" = You can enable this feature by switching the input setting to "true" which will make the EA show the opening time of the DAX based on your broker's server time. Beware that the feature does not work correctly in the strategy tester as the strategy tester doesn't support GMT time.

"Magic Number for the EA" = This is just an EA identification number, but you should make sure that this number is unique.

"Comment for the trades taken by the EA" = A unique comment for the EA so you can easily identify the trades taken by the EA.

"Delete orders at this hour" = This input is for selecting the hour of the day where the EA should delete the pending orders. The default setting is 15.

"Delete orders at this minute" = This input is for selecting the minute of the hour where the EA should delete the pending orders. The default setting is 14. So together with the input above it determines that the EA should delete the pending orders at 15:14.

"Enable Buy orders" = If this input is set to true the EA will open Buy orders but if the input is changed to false the EA will stop opening Buy orders.

"Enable Sell orders" = If this input is set to true the EA will open Sell orders but if the input is changed to false the EA will stop opening Sell orders.

If you have any questions about the strategy or how to test it please feel free to send me a message on here!


Comentarios 4
Adam Brett Atkinson
572
Adam Brett Atkinson 2023.10.09 10:06 
 

After purchasing this EA I back tested it and got great results. I played with the settings and spoke to the developer about changes. He is very quick to reply and very helpful. I have since put it on a live account and receive the same great results. The very first trade made my money back and more. Factory settings are great. Depending on your trading style you may want to change some of the settings. However it appears to be a very reliable set and forget EA. 100% recommend to purchase this EA.

TradFMED62
354
TradFMED62 2023.08.28 10:06 
 

Hallo, habe den EA seit mehreren Tagen im Livekonto im Einsatz und muss sagen funktioniert wirklich hervorragend. Auch der durchgeführte Backtest für das komplette laufende Jahr brachte sehr gute Ergebnissen.

- Md Rashidul Hasan
745
- Md Rashidul Hasan 2023.08.03 16:10 
 

This EA works. Just Plug and Play. Very safe too with SL/TP. But do not judge it based on 1 week resuts. Take at least 2 to 3 months. Lasse is great and supports his buyers almost in a day. Can not ask more. :)

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Eternal Engine EA es un asesor experto avanzado que utiliza múltiples indicadores y estrategias, proporcionando a los operadores con una herramienta de comercio automatizado integral. Ofrece numerosas oportunidades de comercio, no es sensible a los diferenciales, y emplea puntos de entrada estrictos para iniciar con precisión cada comercio. La estrategia ha demostrado en el mercado real, con una señal en tiempo real de un año de duración de dd.si usted es un principiante o un comerciante experi
Ai Multi Trend MT5
Mansour Babasafary
4.38 (21)
25% discount, until 2024.07.16 (Original price: $1000) Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Expert trend hunter Combined with artificial intelligence Control the AI with a variety of simple settings Without using dangerous strategies (all trades have a profit limit and a loss limit) Can be used in 6 main market currency pairs and 4 important time frames An expert who has been trained by artifici
Future Sight MT5
Sang Sariaji Sakti
5 (13)
$999.99 END ON MONDAY, JULY 22, 2024 !   "FUTURE SIGHT OFFICIALLY ONLY SOLD IN MQL5" SAVE YOUR MONEY FOR THE AUTHENTIC FUTURE SIGHT, NOT WORTHLESS PIRATED COPIES. NEXT PRICE $850. FUTURE SIGHT IS EQUIPPED WITH HIGH SECURITY FEATURES AND HAS A UNIQUE CODE. THIS MAY STOP USERS FROM USING PIRATE FILES, IF APPROVED BY AUTHORIZED FUTURE SIGHT USERS, SO PROTECT YOUR MONEY! FUTURE SIGHT WITH A  WIN RATE OF MORE THAN 80% , OPENING 10 TO 20 OR MORE TRADING EVERY DAY ON 8 SYMBOLS, LOW RISK WITH  "SPECIAL
Diamond Titan FX
Lo Thi Mai Loan
5 (10)
Oferta de lanzamiento Solo quedan 3 ventas más para comprar al precio actual. Precio siguiente: $993 Obtén gratis el US30 Scalper EA y el Quantum Algo EA -> contáctame después de la compra Live signal:  https://www.mql5.com/en/signals/2220190?source=Site+Profile+Seller Prop Signal:  https://www.mql5.com/en/signals/2223219?source=Site+Signals+Profile+From+Author MT4:  https://www.mql5.com/en/market/product/116012?source=Site+Market+Product+Page Historial de operaciones aprobadas del Desafío Prop
Gold Excel MT5
Gregory Hay
4.85 (20)
Bienvenido a       Versión GoldExcel EA MT5   , negociación válida en el par de divisas XAUUSD (GOLD) del día. ¡Diseñado por nuestro equipo para trabajar con cuentas regulares, cuentas patrocinadas y tareas! ¡No utilice operaciones de alta frecuencia! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller El precio de oferta inicial aumenta cada pocas semanas. Jin Zhuo       Es una estrategia comercial de un día que utiliza únicamente pares de oro. El par de oro es ideal
# Neon Trade MT5 Presentamos Neon Trade, una innovación única en el campo de las operaciones algorítmicas en los mercados de divisas que usa métodos avanzados de aprendizaje automático. Nuestro asesor es completamente autónomo y está listo para trabajar después de instalarse en cualquier gráfico y marco temporal. Funciona bajo el principio: colócalo en el gráfico y olvídalo. Lo único que debes hacer es permitir el acceso a mi API " https://xmpp.madsysadm.ru " en las configuraciones del termin
TrendMaster FX
Chen Jia Qi
4.55 (78)
Live signal : TrendMaster FX The MT4 version : TrendMaster FX MT4   Promoción 618, Oferta por Tiempo Limitado $300 de Descuento Actualmente tenemos una promoción de prueba para nuestro EA. Después de la compra, contáctenos para obtener acceso a "Gold Garden" o "AI TradingVision GPX". Para más detalles, por favor contáctenos . Pares de divisas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) Configuración de riesgo: Para los comerciantes agresivos, el riesgo máximo está configurado en 0.15. Para
FT Gold Robot MT5
Marzena Maria Szmit
4.55 (55)
Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
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Babak Alamdar
5 (2)
No compre un backtest, sino un sistema comercial real:      Live Signal Este precio es temporal mientras dure la promoción y aumentará en breve. Quedan pocas copias al precio actual, el siguiente precio es -->> 497 $ Welcome to the GoldMind AI Hey, I'm GoldMind AI! Este es el primer robot más inteligente que comercializa oro o XAUUSD, como la versión ligera de GoldPulse AI con diferentes actualizaciones futuras y características sorprendentes.¡Reviso las noticias todos los días y aprovecho
Versión MT4: https://www.mql5.com/en/market/product/104871 Monitoreo de rendimiento del desafío HFT MT5 (no para cuentas reales): Corredor: Fusion Market Inicio de sesión: 89600 Contraseña: Greenman89$ Servidor: FusionMarkets-demo Más de 700 reseñas auténticas de 5 estrellas para la versión MT4 lanzada anteriormente: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canal público: https://www.mql5.com/en/channels/hftpropfirmea Versión MT4: https://www.mql5.com/en/market/p
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Aura Black Edition MT5
Stanislav Tomilov
4.26 (27)
Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
señal en vivo 1: https://www.mql5.com/en/signals/2233179 señal en vivo 2: https://www.mql5.com/en/signals/2242009 Gold Mana se desarrolló tras más de un año de intensa investigación y pruebas. Este asesor experto utiliza mediciones de volatilidad en múltiples marcos temporales, analiza las intenciones de los participantes del mercado y anticipa los movimientos de precios antes de que ocurran con la ayuda de patrones de velas y análisis de oferta y demanda para entradas precisas que reaccionan
ONLY 2 COPIES OUT OF 10 LEFT AT $299! After that, the price will be raised to $399. Limited price $299 is only for 10 first sales. After 10 sales, the price will be raised +$100. Final price for Gold Trading Algo is $1999. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Forex EA Trading Channel:  Update the latest news from me - REAL SIGNAL: Default Setting:   https://www.mql5.com/en/signals/2217326 Real operation monitoring as well as my
Boring Pips MT5
Thi Thu Ha Hoang
4.69 (26)
¡Prepárate para el mayor descuento del año! La versión 4.0 ha llegado y estamos ofreciendo un enorme 40% de descuento en nuestro producto Boring Pips. ¡Disponible ahora por solo $299! ¡Pero date prisa, esta oferta solo es válida hasta el 18 de julio o hasta que se vendan 10 copias (lo que ocurra primero). ¡No te pierdas esta increíble oferta! ¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en
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Mansour Babasafary
4.27 (11)
Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD  currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg
Big Forex Players MT5
Marzena Maria Szmit
4.82 (45)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
GoldPulse AI MT5
Babak Alamdar
4.76 (29)
No compre un backtest, sino un sistema comercial real:    Live Signal 1     Live Signal 2       Live Signal 3   Este precio es temporal mientras dure la promoción y aumentará en breve. Obtenga 1 EA gratis -> contácteme después de la compra  Quedan pocas copias al precio actual, el siguiente precio es -->> 1480 $ Welcome to the GoldPulse AI Hey Soy GoldPulse AI! ¡Este es el primer robot más inteligente que comercializa oro o XAU con pares completos como XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY
Aura White Edition MT5
Stanislav Tomilov
4.8 (35)
Aura White Edition is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPUSD,
Quantum Wizard MT5
Bogdan Ion Puscasu
4.67 (21)
Quantum Wizard es un asesor experto avanzado para operar con el S&P500 (US500), que utiliza un   sofisticado sistema de cuadrícula y una gestión avanzada del dinero diseñada para lograr el máximo rendimiento   . Ha estado en desarrollo durante más de 2 años y la última actualización llegará este año. Ahora finalmente puede diversificar su cartera operando con índices. Quantum Wizard es muy sencillo de instalar, sólo necesita instalarse en el US500 con la configuración predeterminada, en cualq
Otros productos de este autor
The US30 Market Maker
Lasse Najbjerg Jensen
4.8 (5)
IMPORTANT: I've decided to reduce the price to the  cheapest possible, as I'm currently working hard on my next EA and therefore don't have time to keep my old EAs as up-to-date as I would normally like to. I'm still available for support though! The Dow Jones index, also known as the US30, is a very well diversified index with a unique way of weighting it’s components. These factors often make this index’s open a bit more rangebound, so instead of trading breakouts, The US30 Market Maker uses
Filtro:
Adam Brett Atkinson
572
Adam Brett Atkinson 2023.10.09 10:06 
 

After purchasing this EA I back tested it and got great results. I played with the settings and spoke to the developer about changes. He is very quick to reply and very helpful. I have since put it on a live account and receive the same great results. The very first trade made my money back and more. Factory settings are great. Depending on your trading style you may want to change some of the settings. However it appears to be a very reliable set and forget EA. 100% recommend to purchase this EA.

TradFMED62
354
TradFMED62 2023.08.28 10:06 
 

Hallo, habe den EA seit mehreren Tagen im Livekonto im Einsatz und muss sagen funktioniert wirklich hervorragend. Auch der durchgeführte Backtest für das komplette laufende Jahr brachte sehr gute Ergebnissen.

- Md Rashidul Hasan
745
- Md Rashidul Hasan 2023.08.03 16:10 
 

This EA works. Just Plug and Play. Very safe too with SL/TP. But do not judge it based on 1 week resuts. Take at least 2 to 3 months. Lasse is great and supports his buyers almost in a day. Can not ask more. :)

Lasse Najbjerg Jensen
737
Respuesta del desarrollador Lasse Najbjerg Jensen 2023.08.03 18:27
Thank you for the review! Appreciate your constructive suggestions and positive feedback! :)
Qazin Christensen
39
Qazin Christensen 2023.07.22 19:09 
 

El usuario no ha dejado ningún comentario para su valoración

Lasse Najbjerg Jensen
737
Respuesta del desarrollador Lasse Najbjerg Jensen 2023.08.02 01:57
Thank you for the review and the positive feedback! :)
Respuesta al comentario
Versión 2.31 2024.04.02
Added an input option for automatically changing the stop-loss to breakeven when the position is in profit by a certain amount of points or ATR-multiples.
Versión 2.21 2024.03.11
Fixed a bug in the Auto Timezone Detection code so it now works properly.
Fixed a bug where orders were not deleted at the right time if Auto Timezone Detection was enabled.
Versión 2.1 2024.02.23
Added an input setting for manual lot size and fixed the holiday detection filter. The EA will also clearly state on the chart now whether it's trading or not.
Versión 2.0 2024.02.03
Includes a news filter that will automatically stop the EA from trading on German bank holidays.
Also includes a new reversal mode which will sell the high of the morning range and buy the low of the morning range instead of the original breakout strategy.
Versión 1.9 2023.12.15
- Edited the input settings setup and changed the names of most of the input settings to make them easier to understand.
- Added an option for the EA to automatically determine the opening hour of the DAX regardless of what timezone the broker is using.
- Added a trailing stop loss feature with a few different adjustment options.
- Added an option to show the DAX opening hour for the specific broker on the chart.
- Added options to enable/disable both Buy orders and Sell orders.
Versión 1.8 2023.10.30
Safetymode now also works for AggressiveMode trades. So if you have both SafetyMode and AggressiveMode enabled at the same time the EA will delete the 2nd AggressiveMode order after the 1st order is filled to reduced the amount of trades taken.

An input setting for NormalMode trades has been added. So now you can decide whether you only want to take AggressiveMode trades or if you want to take both the normal trades and the AggressiveMode trades.

A new UltraSafetyMode has been added. This mode reduces the number of trades taken drastically but also improves win rate more than the SafetyMode. This mode is for the people who wants to play it REALLY safe and take very limited drawdowns on their account.

Set files will be updated for this new version and they can be found in the comment section of the product page.
Versión 1.7 2023.10.08
Added 3 new inputs for further customization options. Added an input for what minute the system should use for both the aggressive breakout and the normal breakout. Using those inputs you can customize at what time the breakout orders should be opened. Added an input for a predetermined stop loss for the aggressive trades. So if you use that input you can now manually change how big of a sop loss you want on the aggressive trades. (100 = 1 dax point)
Versión 1.6 2023.09.22
Added an "Aggressive mode" to the EA. The Aggressive mode will significantly increase the amount of trades the EA takes and it will increase overall performance by a lot, while also reducing max drawdown slightly. The aggressive mode will be enabled by default but can be disabled by setting the input "AggressiveMode" to false. I recommend that you run a test with the new Aggressive mode on before using it live.
Versión 1.5 2023.08.14
Added input parameters for what days of the week the EA should trade. You can use this to stop the EA from trading on specific days of the week without turning the EA completely off.
Versión 1.4 2023.08.03
Added input for order comment to easily filter EA trades between others
Versión 1.3 2023.08.01
Changed a bit of coding to make the EA work the same way on all brokers.
Versión 1.2 2023.07.27
Updated input settings interface with header categories and added an input setting for the DAX opening hour, so people can adjust the opening hour based on their broker's timezone. This new input setting also allows people to adjust the opening hour in case of summertime.
Versión 1.1 2023.07.19
Updated EA property section to include a brief description of the EA.