SwiftEdge Scalper v5.0: Full Characteristic Information
A complete walkthrough of each mode and have within the SwiftEdge Scalper buying and selling panel for MetaTrader 5.
Introduction
Scalping is likely one of the most demanding buying and selling types. You want lightning-fast execution, exact threat management, and the flexibility to handle a number of positions below strain. SwiftEdge Scalper v5.0 was constructed particularly for these challenges.
This information covers each function intimately, serving to you configure the instrument to your particular buying and selling strategy.
Half 1: Getting Began
Set up
- Copy SwiftEdge_Scalper_v5.mq5 to your Specialists folder
- Restart MT5 or click on “Refresh” in Navigator
- Drag the EA onto your chart
- Allow “Permit Algo Buying and selling”
The Panel Interface
The panel is split into sections:
| Part | Data Displayed |
|---|---|
| Market | Bid, Ask, Unfold, ATR |
| Indicators | RSI, CCI, ADX with DI+/DI-, Z-Rating |
| Place | Route, Heaps, Avg Worth, P&L |
| Preview | Projected TP/SL earlier than entry |
| Buttons | BUY, SELL, ADD, CLOSE, EXTEND |
Panel Controls:
- Drag the title bar to reposition
- Press M to reduce/increase
- Select nook and offset in settings
Half 2: Lot Sizing Strategies
Mounted Lot Mode
Set a selected lot dimension for each commerce:
Mounted Lot Dimension: 0.1
Easy and predictable. Each commerce makes use of precisely 0.1 heaps.
Threat-Primarily based Mode
Calculate lot dimension based mostly on account proportion and cease loss:
Use Threat P.c: true Threat P.c: 1.0%
The EA calculates:
Lot = (Steadiness × Threat%) / (SL distance × Tick Worth)
For a $10,000 account with 1% threat and 500-point SL, the lot dimension routinely adjusts to threat precisely $100.
Half 3: TP/SL Configuration
Factors-Primarily based Mode
Mounted pip/level targets:
Use Factors-Primarily based TP: true Take Revenue: 1000 factors Cease Loss: 500 factors
Greatest for merchants who’ve particular pip targets no matter market situations.
ATR-Primarily based Mode
Dynamic ranges based mostly on volatility:
Use ATR-Primarily based TP/SL: true ATR Interval: 14 ATR Timeframe: M5 TP Multiplier: 1.5 SL Multiplier: 1.0
If present ATR is 200 factors:
- TP = 200 × 1.5 = 300 factors
- SL = 200 × 1.0 = 200 factors
ATR mode routinely widens stops in unstable markets and tightens them in calm situations.
The EXTEND Operate
Already in a commerce however want extra room? Press E to multiply your SL/TP:
Prolong Multiplier: 2.0 Prolong impacts SL: true Prolong impacts TP: true
Unique 50-point SL turns into 100 factors immediately.
Half 4: Breakeven System
The breakeven function strikes your cease loss to entry worth (plus prices) as soon as a revenue threshold is reached.
Configuration
Breakeven Set off: 100 factors Embrace Unfold in BE: true Embrace Fee in BE: true Fee per lot (spherical journey): $6.0 BE Buffer: 5 factors
How It Calculates
For a BUY commerce:
BE Worth = Entry + Unfold + (Fee / Tick Worth / Heaps) + Buffer
This ensures you lock in a small revenue protecting your buying and selling prices.
BE Line on Chart
When enabled, a horizontal line reveals:
- Goal shade (default: HotPink) — BE not but triggered
- Energetic shade (default: Lime) — BE achieved, SL at this degree
The label reveals: ◄ BE (STATUS): worth
Half 5: Trailing Cease System
As soon as breakeven is achieved, trailing takes over.
Normal Trailing
Path Begin After BE: 500 factors Path Step: 100 factors
After 500 factors of revenue past BE, the cease strikes each 100 factors of favorable motion.
Aggressive Trailing Mode
Aggressive Trailing Mode: true
Variations from normal:
- Begins instantly after BE (no wait)
- Tighter step increments
- Extra responsive to cost motion
ATR-Primarily based Trailing
When ATR mode is energetic:
Path Step ATR Multiplier: 0.3
Path step = ATR × 0.3, adapting to present volatility.
Half 6: Scalping Mode (Superior)
That is the signature function that separates SwiftEdge from primary buying and selling panels.
Enabling Scalping Mode
Allow Scalping Mode: true Shut Methodology: 0 (Smallest Lot)
What Adjustments?
Regular Mode:
- BUY key → Opens BUY
- SELL key → Opens SELL
- When you’ve got BUY positions and press SELL → Error/Blocked
Scalping Mode:
- BUY key with no place → Opens BUY
- SELL key whereas holding BUY → Closes one BUY place
- BUY key whereas holding SELL → Closes one SELL place
This permits fast place discount with out switching to shut mode.
Shut Strategies
| Methodology | Conduct |
|---|---|
| 0 – Smallest Lot | Closes place with smallest quantity first |
| 1 – FIFO | First In, First Out (oldest first) |
| 2 – LIFO | Final In, First Out (latest first) |
ADD Button in Scalping Mode
The ADD operate nonetheless works usually — provides a same-direction place together with your configured lot multiplier.
Half 7: Unified SL/TP System
When you have got a number of positions at totally different entry costs, managing particular person SL/TP ranges turns into complicated. Unified mode solves this.
Enabling Unified Mode
Unified SL/TP: true
How It Works
All positions obtain the identical SL and TP, calculated out of your common entry worth:
Place 1: BUY 0.01 @ 77500
Place 2: BUY 0.02 @ 77400
Place 3: BUY 0.03 @ 77300
Weighted Common = (77500×0.01 + 77400×0.02 + 77300×0.03) / 0.06
= 77366.67
Complete Heaps = 0.06
Now all three positions share:
- SL at 77366.67 – (SL distance)
- TP at 77366.67 + (TP distance)
When Ranges Replace
Unified SL/TP recalculates when:
- New place added
- Place closed
- Place with out SL/TP detected
Ranges do NOT chase worth — they continue to be fastened based mostly in your common entry.
Half 8: Mounted USD Targets
Essentially the most highly effective threat administration function for scalpers.
Configuration
Use Mounted Max Loss (USD): true Mounted Max Loss Quantity: $50.0 Use Mounted Max Revenue (USD): true Mounted Max Revenue Quantity: $100.0
How It Works
As an alternative of point-based targets, SwiftEdge calculates precisely the place to put SL/TP so your complete threat/reward in {dollars} is exact.
Instance on BTCUSD:
Complete Heaps: 0.03 Mounted Max Loss: $50 EA calculates: At what worth would 0.03 heaps lose $50? Makes use of OrderCalcProfit() for correct cross-symbol calculation. Locations all SL ranges at that actual worth.
This works accurately for:
- Foreign exchange pairs (EUR/USD, GBP/JPY, and many others.)
- Crypto (BTC/USD, ETH/USD)
- Indices (US30, NAS100)
- Commodities (XAUUSD, XAGUSD)
Combining Choices
You possibly can combine and match:
- Mounted Loss + Normal TP factors
- Mounted Revenue + Normal SL factors
- Each Mounted Loss and Mounted Revenue
- Neither (use normal level/ATR ranges)
Half 9: Constructed-in Indicators
RSI (Relative Energy Index)
Interval: 14 Show: Inexperienced 70
CCI (Commodity Channel Index)
Interval: 14 Show: Inexperienced < -100 | White -100 to 100 | Pink > 100
ADX (Common Directional Index)
Interval: 14 Exhibits: ADX worth, DI+, DI-
Interpretation:
- ADX > 25 = Sturdy development
- DI+ > DI- = Bullish momentum
- DI- > DI+ = Bearish momentum
Z-Rating
Statistical measure of worth deviation from imply:
Interval: 20 > +2.0: Statistically overbought (crimson) < -2.0: Statistically oversold (inexperienced)
Half 10: Visible Options
TP/SL Preview Strains
Earlier than getting into a commerce, dotted traces present projected ranges:
- Inexperienced: Take Revenue
- Pink: Cease Loss
- Blue: BUY entry
- Orange: SELL entry
Drawdown Stage Strains
Present DD Strains: true DD Stage 1: 1.0% (LimeGreen) DD Stage 2: 2.0% (Yellow) DD Stage 3: 5.0% (Orange) DD Stage 4: 10.0% (Pink)
These traces present at what worth your place would attain every drawdown proportion.
Each day Pivot Line
Present Each day Pivot: true Pivot Shade: Cyan
Basic pivot calculation: (Excessive + Low + Shut) / 3
Half 11: Configuration Suggestions
Conservative Scalping (Foreign exchange)
TP: 150 factors | SL: 100 factors BE Set off: 50 factors | BE Buffer: 10 Trailing: Normal, 100pt begin, 50pt step Scalping Mode: OFF
Aggressive Scalping (Foreign exchange)
Scalping Mode: ON Unified SL/TP: ON Mounted Loss: $25 | Mounted Revenue: $50 Shut Methodology: Smallest Lot Aggressive Trailing: ON
Crypto Buying and selling
ATR Mode: ON (handles volatility) ATR TF: M5 | Interval: 14 TP Multi: 2.0 | SL Multi: 1.0 Scalping Mode: ON Mounted USD targets beneficial
Index Scalping
Factors Mode: ON TP: 500-1000 factors SL: 250-500 factors BE Set off: 100 factors Aggressive Trailing: ON
Conclusion
SwiftEdge Scalper v5.0 supplies professional-grade instruments for handbook scalpers:
- Velocity — Hotkey execution for immediate entries/exits
- Precision — Mounted USD targets for actual threat management
- Flexibility — A number of modes for various methods
- Safety — Breakeven and trailing programs to lock income
- Readability — Actual-time indicators and visible suggestions
The important thing to success is matching the configuration to your buying and selling model. Begin with conservative settings, grasp the hotkeys on a demo account, then step by step customise as you develop your edge.
Disclaimer: Buying and selling entails substantial threat of loss. This instrument assists with commerce execution and administration — it doesn’t present buying and selling alerts or assure outcomes. All the time commerce responsibly.