Daily Price Ruler Pro (MT5) — review, price and free alternatives

Daily Price Ruler Pro appears in this Review for 2026 with a focus on Performance and practical Analysis for MT5 users. The developer Hoai Phuong Tran published a compact indicator that plots a vertical ruler body anchored to the daily open and labels fixed or adaptive pip intervals ahead of price. The first paragraph of this review highlights the core value proposition, which is improved situational awareness for intraday decisions rather than automated trade execution.

What makes Daily Price Ruler Pro unique is its simplicity and clarity. Instead of complex signal stacks, it provides a precise distance grid that traders can use in combination with their own confirmations. The algorithm calculates the daily open reference and projects interval lines forward, adjusting for symbol tick size and chart scale. Users can set interval step size, number of levels, colors, and session visibility, and the indicator ensures low footprint on terminal resources.

Daily Price Ruler Pro works best in liquid major pairs and during defined trading sessions where the daily open is meaningful. It is not a black box entry system but a visual tool to improve timing and stop placement. Risk management revolves around using the ruler to define stop distances and targets with explicit pip measurements. Expect consistent visual clarity and faster decision cycles; actual trade performance depends on the trader strategy combined with this tool.

Risk level for users of Daily Price Ruler Pro is moderate because the indicator itself does not execute trades but directly influences position sizing and stop placement. A sensible stop loss strategy is to set stops using a multiple of the plotted interval or an ATR based band referenced to the ruler to account for volatility. Position sizing should follow percentage risk rules, commonly 0.5 to 2 percent of account equity per trade depending on confidence and correlation. Vulnerabilities include news driven spikes and low liquidity periods where fixed pip intervals may be breached quickly. For conservative live use, a starting account size of $500 to $2,000 is recommended depending on leverage and instrument choice.

Install the indicator file into the MT5 indicators folder and restart MetaTrader 5. Attach Daily Price Ruler Pro to the desired chart, then configure core parameters such as interval step in pips, number of levels, auto adjust for tick size, and visual color schemes. Select session visibility and timeframe options to limit display to active trading hours. Recommended brokers are low spread ECN or STP accounts to reduce slippage around the daily open. Optimal chart timeframes are M5, M15, and M30 for intraday use with occasional H1 reference.