DelizaFX MT5 EA
- Experts
- Version: 1.1
- Activations: 10
DelizaFX EA is a rule-based Expert Advisor designed to trade the directional bias of a selected daily signal candle.
The EA monitors one specific candle each trading day. By default, the signal candle opens at 15:00 broker time. After the candle closes, the EA checks its direction:
- Bullish candle: opens a Buy trade on the next candle.
- Bearish candle: opens a Sell trade on the next candle.
- One trade is taken per daily signal candle.
The strategy is intentionally simple and transparent. It does not use martingale, grid trading, averaging or recovery positions.
The signal time, trading parameters, lot size and risk management settings can be configured according to the user's trading requirements.
How It Works
The EA follows a simple three-step process.
1. Select the Signal Candle
The EA identifies the daily candle based on the configured signal time.
The default signal time is 15:00 broker/server time.
2. Wait for the Candle to Close
The EA does not make a directional decision while the signal candle is still forming.
After the candle closes:
- A bullish candle produces a Buy signal.
- A bearish candle produces a Sell signal.
3. Execute the Trade
The trade is opened according to the configured trading parameters.
Only one trade is allowed for each daily signal candle.
Main Features
- Daily signal candle strategy
- Configurable signal time
- Buy and Sell trading
- One trade per signal candle
- Customizable lot size
- Configurable Stop Loss
- Configurable Take Profit
- Risk-reward based settings, where supported
- Works with Forex, Metals and Crypto symbols
- No martingale
- No grid
- No averaging
- Simple rule-based trading logic
- Suitable for manual parameter optimization
- Designed for MetaTrader 5
Default Strategy
The default signal candle starts at 15:00 broker/server time.
For example:
If the 15:00 candle closes bullish, the EA prepares a Buy trade for the next candle.
If the 15:00 candle closes bearish, the EA prepares a Sell trade for the next candle.
The exact execution behavior depends on the configured trading parameters and the trading conditions provided by the broker.
Risk Management
The EA provides configurable trade management parameters such as lot size, Stop Loss and Take Profit.
Users should select parameters appropriate for their account size, symbol specifications, spread conditions and risk tolerance.
Risk management settings are the responsibility of the user.
Supported Markets
The EA can be used with supported MetaTrader 5 symbols, including:
- Forex
- Metals
- Crypto
Symbol availability, trading hours, contract specifications, minimum lot sizes and trading conditions depend on the broker.
Important: Broker Time
The signal time is based on the broker/server time used by the MetaTrader 5 terminal.
Broker server time can differ between brokers and can change according to the broker's server configuration.
Users should verify the signal candle on their own chart before starting live trading.
Recommended Usage
Before using the EA on a live account:
- Attach the EA to the desired symbol. - Our selection are GBPUSD
- Confirm the broker/server time. - Best time to run 3pm and 10:30pm IST
- Check the selected signal candle.
- Configure the lot size.
- Configure Stop Loss and Take Profit.
- Test the EA in the Strategy Tester.
- Forward-test it on a demo account.
- Review the results under realistic trading conditions.
No Martingale or Grid
The EA does not use martingale position sizing, grid recovery or averaging logic.
Each daily signal is treated independently according to the configured strategy rules.
Strategy Tester
The EA can be tested using the MetaTrader 5 Strategy Tester.
For meaningful testing, users should consider:
- Appropriate historical data
- Realistic spread
- Commission
- Slippage
- Broker trading conditions
- Symbol contract specifications
- The selected timeframe
- The selected signal time
Backtest results are historical simulations and do not guarantee future results.
Important Information
Trading financial markets involves risk. Past performance and backtest results do not guarantee future results.
The EA is a trading automation tool and does not guarantee profits or protection against losses.
Users are responsible for selecting appropriate trading parameters and understanding the risks associated with automated trading.
Frequently Asked Questions
What is the default signal time?
The default signal candle opens at 15:00 broker/server time.
Can I change the signal time?
Yes, if the installed version exposes the signal-time parameter.
Does the EA trade both Buy and Sell?
Yes. A bullish signal candle generates a Buy signal and a bearish signal candle generates a Sell signal.
How many trades does the EA open per day?
The strategy is designed to take no more than one trade from each daily signal candle.
Does the EA use martingale?
No.
Does the EA use grid trading?
No.
Can I use the EA on Gold?
Yes, provided the broker's Gold symbol is supported by MetaTrader 5 and the EA is configured appropriately.
Can I use the EA on Forex?
Yes. The EA can be attached to supported Forex symbols.
Can I use it on Crypto?
Yes, subject to the broker's symbol availability and trading conditions.
Which timeframe should I use?
The EA should be used according to the timeframe required by its signal-candle logic. Users should verify the recommended timeframe and settings in the product inputs.
Does the EA guarantee profits?
No. No trading system can guarantee profits. Results depend on market conditions, broker conditions and user-selected parameters.
Should I test the EA before using it live?
Yes. Strategy Tester and demo-account testing are strongly recommended before live deployment.
Conclusion
DelizaFX EA provides a straightforward way to automate a daily candle-direction trading concept.
The EA focuses on a clearly defined signal candle, directional confirmation after candle close and configurable trade management.
It is designed for traders who prefer a simple rule-based approach without martingale, grid or averaging systems.
