First Scalper MT5 (Latest version) – GroupBuy
First Scalper MT5 is an automated and optimized robot for trading with currency pairs. Its real profit performance has been proven on real accounts and achieved impressive results.
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What is First Scalper MT5?
First Scalper MT5 is an advanced Expert Advisor (EA) designed for high-precision scalping, utilizing a unique and secure trading strategy developed by the author. Unlike traditional scalping EAs, First Scalper comes pre-loaded with extensively tested and optimized settings, ensuring simplicity and effectiveness for traders of all levels.
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About the Author
This product is compiled by Kyra Nickaline Watson-gordon. This author has more than +6 years of experience working on MQL5 with many famous products such as First Scalper MT5, Fidelity MT5, First Scalper MT4 and other advisors. Among them, First Scalper MT5 is his best performing products.
First Scalper MT5 Overview
First Scalper MT5 Features
Main Features
🔹Simplified Scalping: First Scalper is an expert advisor designed for scalping, utilizing a unique and safe strategy. It simplifies scalping by automating the process and requiring minimal user input.
🔹Universal Compatibility: Trades on all symbols and timeframes, offering flexibility for various trading styles.
🔹User-Friendly Interface: Easy-to-understand settings, eliminating the need for professional Forex trading knowledge. Focuses on money management parameters, making setup quick and straightforward.
🔹Automated Money Management: Offers flexible volume calculation methods (fixed lots, dynamic lots, risk percentage) and customizable stop-loss and take-profit levels.
🔹Advanced Position Management: Includes features like trailing stop, break-even, and averaging to optimize trade outcomes.
Additional Features
🔹Customizable Trade Settings: Control trade types (long/short/both), maximum spread, and magic number.
🔹Manual Close Option: The on-chart panel allows for manual closing of positions.
🔹Averaging Options: Utilizes one or two-step averaging with customizable distances and volume multipliers for recovering from losing positions.
🔹Day and Time Filters: Restrict trading to specific days and hours.
🔹Easy Optimization: Simple optimization process focusing on money management parameters. Recommended settings provided for quick setup. Optimization is fast and efficient.
Why choose to use First Scalper MT5?
🔹Safety: Designed with safety in mind, employing a unique scalping strategy and offering risk management tools like stop-loss and news filtering.
🔹Simplicity: Intuitive interface and limited input requirements make it easy to use, even for beginners. No complex trading knowledge is necessary.
🔹Efficiency: Automates the scalping process, saving traders time and effort. Fast and easy optimization.
🔹Flexibility: Trades on all symbols and timeframes, catering to different trading preferences.
🔹Customization: Offers various settings for money management, position management, and trade filtering, allowing traders to personalize their strategy.
🔹Profitability Potential: While results may vary, the EA’s design and optimization capabilities aim to maximize profit potential.
First Scalper MT5 Review
First Scalper is designed to work on any currency pair and timeframe, using a unique and effective strategy developed specifically for it. First Scalper has achieved impressive profit performance in backtested test trades.
🔶 First Scalper EA is a high-performance scalping Expert Advisor optimized for AUDJPY on the M30 timeframe (Initial deposit: $10,000). Key Performance Metrics:
✅ Total Gain: 5,200% in 12 months
✅ Total Net Profit: $519K
✅ Win Rate: 85.97%
✅ Maximum Drawdown: 51.43%
First Scalper MT5 Backtests
🔶 First Scalper EA is a high-frequency trading bot optimized for EURUSD on the M5 timeframe (Initial deposit: $10,000). Key performance metrics:
✅ Total Gain: 40,340% in 12 months
✅ Total Net Profit: $4M
✅ Win Rate: 93.18%
✅ Maximum Drawdown: 58.53%
First Scalper MT5 Backtest
🔶 First Scalper EA is a high-frequency trading bot designed for EURUSD on the M15 timeframe (Initial deposit: $10,000). Key performance metrics:
✅ Total Gain: 1,500% in 6 months
✅ Total Net Profit: $150K
✅ Win Rate: 93.98%
✅ Maximum Drawdown: 53.37%
First Scalper EA MT5 Backtests
🔶 First Scalper EA is an automated trading algorithm specializing in scalping AUDNZD on the M30 timeframe (Initial deposit: $10,000). Key performance metrics:
✅ Total Gain: 1950% in 12 months
✅ Total Net Profit: $195K
✅ Win Rate: 85.71%
✅ Maximum Drawdown: 37.4%
First Scalper EA MT5 Backtest
User Reviews and Feedback
First Scalper MT5 Bot showcases exceptional potential in generating consistent and reliable profits, positioning itself as a valuable tool in the forex market. Highly acclaimed by the MQL5 community for its performance and stability, this expert advisor has earned the trust of traders worldwide.
➡️ Marcel Bühler (2022.12.30): “Once a year some very long candles and it rips it off as any other EA. With a stop out EA at the same time not many better EA to find for this price.”
➡️ Supercocco (2022.02.25): “2 months and I got good results. it is important to optimize it every month because the market is always changing. But it works for now.”
➡️ Skafolder (2021.06.18): “At the moment it’s the only real EA that hasn’t cleared my account. This is already a huge success. All the EAs I tried, ended up the same way: account cleared after a few trades. So it works fine for me. Tks to developer.”
Trading Specifications
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | M5, M15, M30, H1 |
| Currency pairs | EURUSD (Any) |
| Minimum / Recommended deposit | $200 |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Setting (If Any).docx
✅ Installation Guide.docx
Conclusion
In short, First Scalper MT5 stands out as a cutting-edge Expert Advisor designed for precision scalping, offering traders an automated and secure trading solution. With its advanced features, including universal compatibility, automated money management, and customizable trade settings, this EA provides traders of all levels with a reliable and efficient tool to maximize profitability.
Backed by extensive backtesting and positive user reviews, First Scalper MT5 has demonstrated exceptional performance across multiple currency pairs and timeframes. Whether you’re a beginner looking for an easy-to-use EA or an experienced trader seeking a high-performance scalping strategy, First Scalper MT5 delivers flexibility, efficiency and profitability.
🔢 First Scalper MT5 Settings Explained – Complete Parameter Guide
First Scalper MT5 is a fully automated MetaTrader 5 Expert Advisor (EA) designed for scalping and intelligent trade management. It combines flexible position sizing, two-step averaging recovery, customizable trailing stop and breakeven functions, trading session filters, economic news protection, and mobile notification support.
- First Scalper MT5 Settings
🔢 Installation Panel Parameters
Below are the details of the parameters in the advisor’s trading system settings table:
- First Scalper MT5 Settings Panel
🔶 General Options
🔹 Trade Type = Long and Short – Allows the EA to open both Buy (Long) and Sell (Short) positions.
🔹 Stop Opening New Positions = false – Keeps the EA active and allows it to continue opening new trades.
🔹 Maximum Spread to Open Position (points) = 1000.0 – The EA will only open new positions if the market spread is 1000.0 points or lower.
🔹 Magic Number (ID) = 1234 – Unique identifier used by the EA to distinguish and manage its own trades.
🔹 Show Panel On Chart = true – Displays the EA’s information panel directly on the trading chart.
🔶 Closing Positions
🔹 Action for In-Loss Positions = Two Step Averaging – Uses a two-stage averaging strategy to recover losing positions.
🔹 Take Profit Mode (If Averaging Not Started) = Automatic – Automatically calculates the Take Profit level before averaging begins.
🔹 Manual Take Profit (If Averaging Not Started) (Points) = 50.0 – Sets a manual Take Profit target of 50.0 points when manual TP is used.
🔹 Stop Loss (points) = 1000.0 – Limits the maximum loss per trade to 1000.0 points.
🔹 1st Step Averaging Distance (points) = 300.0 – Opens the first recovery trade after the market moves 300.0 points against the position.
🔹 1st Step Averaging Volume Multiplier = 1.5 – Multiplies the lot size of the first averaging trade by 1.5.
🔹 1st Step Averaging Take Profit (Points) = 100.0 – Sets the Take Profit target for the first averaging cycle to 100.0 points.
🔹 2nd Step Averaging Distance (points) = 1000.0 – Opens the second recovery position after an additional 1000.0-point adverse movement.
🔹 2nd Step Averaging Volume Multiplier = 1.5 – Increases the lot size of the second averaging trade by 1.5 times.
🔹 2nd Step Averaging Take Profit (Points) = 50.0 – Sets the Take Profit target for the second averaging cycle to 50.0 points.
🔶 Volume Settings
🔹 Volume Calculation Method = Fixed Lots – Uses a fixed trading lot instead of dynamic risk-based sizing.
🔹 Fixed Lots = 0.01 – Every new trade opens with 0.01 lots.
🔹 Lots Per 1000 Balance/Equity/FreeMargin = 0.01 – Uses 0.01 lots per 1000 units of balance, equity, or free margin when dynamic sizing is selected.
🔹 Risk Percentage of Balance/Equity/FreeMargin = 2.0 – Risks 2.0% of the selected account metric when percentage-based sizing is enabled.
🔹 Maximum Volume Per Trade = 100.0 – Limits any individual trade to a maximum of 100.0 lots.
🔹 Minimum Volume Per Trade = 0.01 – Prevents trades smaller than 0.01 lots.
🔶 Trailing Stop & Breakeven
🔹 Trailing Stop Loss = false – Disables automatic trailing stop management.
🔹 Trailing Start (Points) = 100 – Begins trailing once the trade reaches 100 points of profit.
🔹 Trailing Stop (Points) = 100 – Maintains a trailing distance of 100 points behind market price.
🔹 Trailing Step (Points) = 10 – Updates the trailing stop every 10 points of favorable movement.
🔹 Break Even = false – Disables automatic breakeven functionality.
🔹 Activate Break Even After Loss (Points) = 500 – Configures breakeven activation after a 500-point recovery when enabled.
🔶 Date & Time Filter
🔹 Sunday Trading Hours = 00:00–24:00 – Trading is permitted throughout Sunday.
🔹 Monday Trading Hours = 00:00–24:00 – Trading is permitted throughout Monday.
🔹 Tuesday Trading Hours = 00:00–24:00 – Trading is permitted throughout Tuesday.
🔹 Wednesday Trading Hours = 00:00–24:00 – Trading is permitted throughout Wednesday.
🔹 Thursday Trading Hours = 00:00–24:00 – Trading is permitted throughout Thursday.
🔹 Friday Trading Hours = 00:00–24:00 – Trading is permitted throughout Friday.
🔹 Saturday Trading Hours = 00:00–24:00 – Trading is permitted throughout Saturday.
🔶 News Filter
🔹 Block Trading During Low Impact News = false – The EA continues trading during low-impact economic news events.
🔹 Minutes Before Low Impact News = 5 – Stops trading 5 minutes before low-impact news if enabled.
🔹 Minutes After Low Impact News = 10 – Resumes trading 10 minutes after low-impact news.
🔹 Block Trading During Medium Impact News = true – Prevents opening trades during medium-impact news events.
🔹 Minutes Before Medium Impact News = 10 – Stops trading 10 minutes before medium-impact news.
🔹 Minutes After Medium Impact News = 15 – Resumes trading 15 minutes after medium-impact news.
🔹 Block Trading During High Impact News = true – Prevents trading during major economic announcements.
🔹 Minutes Before High Impact News = 20 – Stops trading 20 minutes before high-impact news releases.
🔹 Minutes After High Impact News = 30 – Resumes trading 30 minutes after high-impact news.
🔶 Notifications
🔹 Include Account Number on Notifications = true – Adds the trading account number to all notifications.
🔹 Include Trading Symbol on Notifications = true – Displays the traded instrument within notification messages.
🔹 Include TimeFrame on Notifications = true – Includes the active chart timeframe in alerts.
🔹 Text to Include on Notifications = First Scalper EA – Uses “First Scalper EA” as the notification title.
🔹 Show PopUp Alerts = false – Disables popup alert windows inside MetaTrader 5.
🔹 Send Push Notifications to the Mobile Terminals = true – Sends trading alerts directly to the MetaTrader mobile application.
🔹 Send Telegram Messages = false – Disables Telegram message notifications.
🔹 Telegram Bot Token – Field used to enter the Telegram Bot API token when Telegram notifications are enabled.
🔹 Telegram User/Channel ID – Field used to specify the destination Telegram user or channel.
🔢 Conclusion
First Scalper MT5 provides a comprehensive set of trading controls suitable for both conservative and aggressive scalping strategies. Its configurable two-step averaging system, flexible money management, advanced news filter, trading session scheduler, trailing stop options, and mobile notification support allow traders to customize the EA according to their risk tolerance and preferred market conditions while maintaining disciplined automated execution.
🔢 FAQs
❓ What trading styles does First Scalper MT5 support?
First Scalper MT5 supports both Buy and Sell trading with automated scalping and a configurable two-step averaging recovery system.
❓ Can I adjust the lot size automatically?
Yes. The EA supports fixed lot sizing, balance-based lot calculation, and percentage risk management depending on your selected volume calculation method.
❓ Does First Scalper MT5 avoid trading during important news events?
Yes. The built-in news filter can automatically pause trading before and after medium- and high-impact economic news releases.
❓ Can I receive mobile trading notifications?
Yes. The EA supports MetaTrader push notifications and also includes optional Telegram integration for trading alerts.
❓ Is the averaging system customizable?
Yes. You can configure the averaging distance, lot multipliers, Take Profit targets, and recovery behavior separately for both averaging steps.
User Reviews
Only logged in customers who have purchased this product may leave a review.
1. What is First Scalper MT5?
First Scalper MT5 is an automated trading Expert Advisor (EA) designed for high-precision scalping. It utilizes an advanced and safe scalping strategy to maximize profits while minimizing risks.
2. How does First Scalper MT5 work?
This EA identifies high-probability short-term trades across multiple symbols and timeframes. It automates entry, exit, stop-loss, take-profit, and position management while ensuring optimized performance through backtested strategies.
3. What makes First Scalper MT5 different from other scalping EAs?
Unlike traditional scalping EAs, First Scalper MT5:
✔ Comes with pre-optimized settings for easy setup
✔ Works on all symbols and timeframes
✔ Uses automated risk management (stop-loss, trailing stop, break-even)
✔ Allows manual trade closing through an on-chart panel
4. What is the recommended deposit for First Scalper MT5?
The minimum recommended deposit is $200, though a higher deposit may improve stability and profitability.
5. What are the best currency pairs and timeframes for First Scalper MT5?
✔ Best currency pairs: EURUSD, AUDJPY, AUDNZD (but it can trade all symbols)
✔ Recommended timeframes: M5, M15, M30, H1
6. What is the expected profitability and drawdown of First Scalper MT5?
Backtests have shown impressive results:
✔ EURUSD (M5): 40,340% gain in 12 months, $4M profit
✔ AUDJPY (M30): 5,200% gain in 12 months, $519K profit
✔ Win rates: 85.71% - 93.98%
✔ Maximum drawdown: 37.4% - 58.53%
7. Is First Scalper MT5 beginner-friendly?
Yes! The EA is designed for simplicity with an intuitive interface and pre-optimized settings, making it easy for beginners to use without deep forex knowledge.
8. What risk management features does First Scalper MT5 have?
First Scalper includes:
✔ Stop-loss & take-profit controls
✔ Trailing stop & break-even features
✔ Customizable trade settings (spread filter, lot sizing, risk percentage)
✔ News filter to avoid high-risk trades
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Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00
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