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SwiftEdge Scalper v5.0: Complete Feature Guide
A comprehensive walkthrough of every mode and feature in the SwiftEdge Scalper trading panel for MetaTrader 5.
Introduction
Scalping is one of the most demanding trading styles. You need lightning-fast execution, precise risk control, and the ability to manage multiple positions under pressure. SwiftEdge Scalper v5.0 was built specifically for these challenges.
This guide covers every feature in detail, helping you configure the tool for your specific trading approach.
Part 1: Getting Started
Installation:
- Copy SwiftEdge_Scalper_v5.mq5 to your Experts folder
- Restart MT5 or click "Refresh" in Navigator
- Drag the EA onto your chart
- Enable "Allow Algo Trading"
The Panel Interface
The panel is divided into sections:
| Section | Information Displayed |
|---|---|
| Market | Bid, Ask, Spread, ATR |
| Indicators | RSI, CCI, ADX with DI+/DI-, Z-Score |
| Position | Direction, Lots, Avg Price, P&L |
| Preview | Projected TP/SL before entry |
| Buttons | BUY, SELL, ADD, CLOSE, EXTEND |
Panel Controls: Drag the title bar to reposition, press M to minimize/expand, choose corner and offset in settings.
Part 2: Lot Sizing Methods
Fixed Lot Mode
Set a specific lot size for every trade. Simple and predictable.
Fixed Lot Size: 0.1
Risk-Based Mode
Calculate lot size based on account percentage and stop loss distance:
Use Risk Percent: true
Risk Percent: 1.0%
Lot = (Balance × Risk%) / (SL distance × Tick Value)
For a $10,000 account with 1% risk and 500-point SL, the lot size automatically adjusts to risk exactly $100.
Part 3: TP/SL Configuration
Points-Based Mode
Fixed pip/point targets regardless of market conditions:
Use Points-Based TP: true
Take Profit: 1000 points
Stop Loss: 500 points
ATR-Based Mode
Dynamic levels based on current market volatility:
Use ATR-Based TP/SL: true
ATR Period: 14 | ATR Timeframe: M5
TP Multiplier: 1.5 | SL Multiplier: 1.0
If current ATR is 200 points: TP = 300 points, SL = 200 points. ATR mode automatically widens stops in volatile markets and tightens them in calm conditions.
The EXTEND Function
Press E to multiply your existing SL/TP distance. Original 50-point SL becomes 100 points instantly with 2.0 multiplier.
Part 4: Breakeven System
The breakeven feature moves your stop loss to entry price (plus costs) once a profit threshold is reached.
Breakeven Trigger: 100 points
Include Spread in BE: true
Include Commission in BE: true
Commission per lot (round trip): $6.0
BE Buffer: 5 points
How It Calculates (BUY trade):
BE Price = Entry + Spread + (Commission / Tick Value / Lots) + Buffer
This ensures you lock in a small profit covering your trading costs.
BE Line on Chart: When enabled, a horizontal line shows the breakeven level with color indicating status (Target vs Active).
Part 5: Trailing Stop System
Standard Trailing
Trail Start After BE: 500 points
Trail Step: 100 points
After 500 points of profit beyond BE, the stop moves every 100 points of favorable movement.
Aggressive Trailing Mode
- Starts immediately after BE (no wait)
- Tighter step increments
- More responsive to price action
ATR-Based Trailing
When ATR mode is active, trail step adapts to current volatility:
Trail Step = ATR × Trail Step Multiplier
Part 6: Scalping Mode
This is the signature feature that separates SwiftEdge from basic trading panels.
Enable Scalping Mode: true
Close Method: 0 (Smallest Lot)
What Changes?
| Action | Normal Mode | Scalping Mode |
|---|---|---|
| BUY key, no position | Opens BUY | Opens BUY |
| SELL key while holding BUY | Error/Blocked | Closes one BUY |
| BUY key while holding SELL | Error/Blocked | Closes one SELL |
This allows rapid position reduction without switching to close mode.
Close Methods:
- 0 - Smallest Lot: Closes position with smallest volume first
- 1 - FIFO: First In, First Out (oldest first)
- 2 - LIFO: Last In, First Out (newest first)
Part 7: Unified SL/TP System
When you have multiple positions at different entry prices, managing individual SL/TP levels becomes complex. Unified mode solves this.
Unified SL/TP: true
How It Works:
All positions receive the same SL and TP, calculated from your average entry price:
Position 1: BUY 0.01 @ 77500
Position 2: BUY 0.02 @ 77400
Position 3: BUY 0.03 @ 77300
---
Weighted Average = 77366.67
Total Lots = 0.06
---
All positions share same SL/TP based on avg price
When Levels Update:
- New position added
- Position closed
- Position without SL/TP detected
Levels do NOT chase price — they remain fixed based on your average entry.
Part 8: Fixed USD Targets
The most powerful risk management feature for scalpers.
Use Fixed Max Loss (USD): true
Fixed Max Loss Amount: $50.0
Use Fixed Max Profit (USD): true
Fixed Max Profit Amount: $100.0
How It Works:
Instead of point-based targets, SwiftEdge calculates exactly where to place SL/TP so your total risk/reward in dollars is precise.
Example on BTCUSD: Total Lots 0.03, Fixed Max Loss $50. EA calculates at what price 0.03 lots would lose exactly $50, then places all SL levels at that price.
This works correctly for ALL symbols:
- Forex pairs (EUR/USD, GBP/JPY, etc.)
- Crypto (BTC/USD, ETH/USD)
- Indices (US30, NAS100)
- Commodities (XAUUSD, XAGUSD)
Combining Options:
- Fixed Loss + Standard TP points
- Fixed Profit + Standard SL points
- Both Fixed Loss and Fixed Profit
- Neither (use standard point/ATR levels)
Part 9: Built-in Indicators
| Indicator | Settings | Display |
|---|---|---|
| RSI | Period: 14 | Green <30 | White 30-70 | Red >70 |
| CCI | Period: 14 | Green <-100 | White -100 to 100 | Red >100 |
| ADX | Period: 14 | Shows ADX value, DI+, DI- |
| Z-Score | Period: 20 | Red >+2 | Lime <-2 | Yellow neutral |
ADX Interpretation: ADX >25 = Strong trend. DI+ > DI- = Bullish momentum. DI- > DI+ = Bearish momentum.
Part 10: Visual Features
TP/SL Preview Lines
Before entering a trade, dotted lines show projected levels:
- Green: Take Profit
- Red: Stop Loss
- Blue: BUY entry
- Orange: SELL entry
Drawdown Level Lines
Shows price levels where your position would reach each drawdown percentage:
DD Level 1: 1.0% (LimeGreen)
DD Level 2: 2.0% (Yellow)
DD Level 3: 5.0% (Orange)
DD Level 4: 10.0% (Red)
Daily Pivot Line
Classic pivot calculation: (High + Low + Close) / 3
Part 11: Configuration Recommendations
Conservative Scalping (Forex)
TP: 150 points | SL: 100 points
BE Trigger: 50 points | BE Buffer: 10
Trailing: Standard, 100pt start, 50pt step
Scalping Mode: OFF
Aggressive Scalping (Forex)
Scalping Mode: ON
Unified SL/TP: ON
Fixed Loss: $25 | Fixed Profit: $50
Close Method: Smallest Lot
Aggressive Trailing: ON
Crypto Trading
ATR Mode: ON (handles volatility)
ATR TF: M5 | Period: 14
TP Multi: 2.0 | SL Multi: 1.0
Scalping Mode: ON
Fixed USD targets recommended
Index Scalping
Points Mode: ON
TP: 500-1000 points | SL: 250-500 points
BE Trigger: 100 points
Aggressive Trailing: ON
Conclusion
SwiftEdge Scalper v5.0 provides professional-grade tools for manual scalpers:
- Speed — Hotkey execution for instant entries/exits
- Precision — Fixed USD targets for exact risk control
- Flexibility — Multiple modes for different strategies
- Protection — Breakeven and trailing systems to lock profits
- Clarity — Real-time indicators and visual feedback
The key to success is matching the configuration to your trading style. Start with conservative settings, master the hotkeys on a demo account, then gradually customize as you develop your edge.
Disclaimer: Trading involves substantial risk of loss. This tool assists with trade execution and management — it does not provide trading signals or guarantee results. Always trade responsibly.
