SwiftEdge Scalper v5.0: Complete Feature Guide

SwiftEdge Scalper

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SwiftEdge Scalper v5.01: Complete Feature Guide

A comprehensive walkthrough of every feature and setting in SwiftEdge Scalper — the professional tick scalping EA with full manual control for MetaTrader 5.

Introduction

Scalping requires lightning-fast execution, precise risk management, and the ability to adapt to rapidly changing market conditions. Many traders struggle with manual order management — calculating breakeven points, adjusting trailing stops, and managing multiple positions while watching price action.

SwiftEdge Scalper is a professional-grade manual trading assistant designed specifically for scalpers and active day traders. It provides one-click trade execution, intelligent breakeven management, aggressive trailing stops, and a fully customizable on-chart panel — all controlled by keyboard shortcuts or mouse clicks. This is NOT an automated trading robot; it executes trades only when YOU decide.

This guide covers every feature in detail, helping you configure the EA for your specific scalping style and risk tolerance.

Part 1: Getting Started

Installation:

• Copy SwiftEdge_Scalper.ex5 to your MQL5/Experts folder
• Restart MT5 or click "Refresh" in Navigator panel
• Drag the EA onto your preferred chart
• Enable "Allow Algo Trading" in MT5 settings
• Configure your lot size, TP/SL, and panel preferences

Important Note: This EA only executes trades when you click a button or press a shortcut key. It provides trade management automation (breakeven, trailing) but never opens positions automatically.

Panel Overview:

When loaded, you will see a professional trading panel on your chart with the following sections:

Section	Description
Account Info	Balance, Equity, Free Margin display
Position Summary	Current positions, average price, total lots, P/L
Trade Buttons	BUY, SELL, ADD, CLOSE, EXTEND buttons
Indicator Display	RSI, CCI, ADX, Z-Score values
Market Info	Current spread, ATR, stop level info

Part 2: Lot and Risk Settings

Position Sizing Options

Choose between fixed lot sizing or percentage-based risk management.

Lot Size — Fixed lot size for each trade when Risk % is set to 0.

Risk % — When set above 0, the EA calculates lot size based on your account balance and stop loss distance. For example, 1% risk means each trade risks 1% of your balance.

Max Positions — Maximum number of positions allowed in the same direction. Prevents over-exposure.

Magic Number — Unique identifier for EA's trades. Set to 0 to manage ALL positions on the symbol regardless of which EA or manual trading opened them.

Part 3: Take Profit and Stop Loss Settings

Points-Based TP/SL

ATR-Based TP/SL

For volatility-adaptive targets, enable ATR mode:

When ATR mode is enabled, TP = ATR × 1.5, SL = ATR × 1.0, and breakeven triggers at ATR × 0.5 profit.

Part 4: Smart Breakeven System

Cost-Aware Breakeven

The breakeven system accounts for real trading costs including spread and commission.

How It Works:

When price moves in your favor by the breakeven trigger amount, the EA calculates the true breakeven price including all costs:

• Current spread (if enabled)
• Commission cost converted to price distance (if enabled)
• Additional buffer points (if set above 0)

The stop loss is then moved to this calculated breakeven price, ensuring you don't lose money to trading costs even if price reverses.

BE Line on Chart:

A visual line shows your breakeven target. Color changes from Aqua to Lime when breakeven is activated.

Part 5: Aggressive Trailing Stop

Lock In Profits Automatically

Trail Start After BE — Trailing begins only after breakeven is triggered AND price moves this many additional points in profit.

Trail Step — The stop loss follows price by this distance. Smaller values = tighter trailing (more aggressive).

Aggressive Mode — When enabled, the trailing stop moves on every tick that improves profit. When disabled, it only moves at larger intervals.

Part 6: Extend Button

Multiply Your TP/SL on the Fly

Press the EXTEND button (or E key) to multiply your current TP and SL distances. Useful when you want to let a winning trade run further or give a position more room.

Part 7: Add Position

Scale Into Positions

The ADD button opens another position in the same direction as your existing trade. The lot size is multiplied by the Add Lot Multiplier.

Auto Set SL/TP — When enabled, the EA automatically sets SL/TP for any manual trades you open, keeping your risk management consistent.

Part 8: Scalping Mode

Advanced Scalping Features

Scalping Mode Behavior:

• Pressing the opposite direction key (BUY while in SELL) closes positions instead of opening new ones
• Ideal for quick in-and-out scalping without needing the CLOSE button

Close Method Options:

• 0 = Smallest Lot First — Closes the position with smallest lot size
• 1 = FIFO — First In, First Out (oldest position first)
• 2 = LIFO — Last In, First Out (newest position first)

Unified SL/TP — All positions share the same SL/TP levels, updated based on average entry price.

Fixed Max Loss/Profit — Automatically closes all positions when total P/L reaches these USD thresholds.

Part 9: Spread Protection

The EA will not open new positions if the current spread exceeds this value. A warning appears on the panel when spread is high.

Part 10: Drawdown Levels Display

Visual DD Warning Lines

When enabled, horizontal lines appear on the chart showing price levels where your position would hit each drawdown percentage. Colors change from green to red as DD increases.

Part 11: Daily Pivot Levels

Displays classic daily pivot points (PP, R1, R2, R3, S1, S2, S3) calculated from previous day's high, low, and close.

Part 12: Custom Keyboard Shortcuts

Fully Customizable Keys

Change any key to match your preferred trading workflow. Keys are case-insensitive.

Part 13: Panel Customization

Appearance and Position

Draggable Panel — Click and drag the panel header to reposition it anywhere on your chart.

Minimize — Press M or click the minimize button to collapse the panel to a small bar, giving you more chart space.

Part 14: Built-in Indicators

Real-Time Market Analysis

The panel displays real-time values for RSI, CCI, ADX (with +DI/-DI), and Z-Score to help you time your entries without cluttering your chart with separate indicators.

Part 15: Configuration Examples

Conservative Forex Scalping

Aggressive Gold (XAUUSD) Scalping

Index Scalping (US30, NAS100)

Part 16: Trading Workflow Example

Step-by-Step Scalping Session:

• 1. Attach EA to your preferred chart and timeframe
• 2. Wait for your setup (check RSI, ADX on panel)
• 3. Press B for BUY or S for SELL when ready
• 4. EA automatically sets SL/TP and monitors for breakeven
• 5. Once BE triggers, trailing begins automatically
• 6. Press A to add to winning positions
• 7. Press E to extend TP if trend is strong
• 8. Press C to close all positions manually, or let TP/SL hit

Conclusion

SwiftEdge Scalper provides professional-grade manual trading tools for active scalpers:

• One-Click Trading — Execute BUY/SELL instantly with keyboard shortcuts
• Smart Breakeven — Cost-aware BE calculation including spread and commission
• Aggressive Trailing — Lock in profits automatically as price moves
• Scalping Mode — Quick position reversal with opposite key
• Full Customization — Colors, keys, position, and behavior all adjustable
• Visual Feedback — BE lines, DD levels, pivot points on chart

Start with conservative settings on a demo account. Master the keyboard shortcuts, understand how breakeven and trailing work together, then gradually customize for your trading style.

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