Dhokiyas Market Screener (MT5) — review, price and free alternatives

Dhokiyas Market Screener is a multi-symbol technical analysis panel for MT5 that scans a user-defined symbol list and assigns a directional score using multiple confirmations. The score aggregates trend, momentum, and support/resistance confirmations to present ranked trade ideas and one-click execution options.

What makes Dhokiyas Market Screener unique is its emphasis on aggregated confirmations rather than single-indicator alerts and its clean panel that fits within the MT5 workspace. The algorithm weights up to five confirmations per symbol and displays a normalized score, which helps prioritize risk-adjusted opportunities. The tool handles trending and range-bound conditions differently by adjusting scoring thresholds, and it pairs well with higher timeframes for trade selection. Risk controls are external to the panel but the data presentation supports disciplined stop placement and scaled entries. Expected performance characteristics include moderate win rates with manageable drawdowns when traders follow conservative sizing and filter results by score thresholds. Dhokiyas Market Screener appears most useful as a time-saving screening layer while leaving execution and portfolio risk to trader rules.

Overall risk sits in the moderate category when Dhokiyas Market Screener is combined with disciplined money management. The product does not enforce stops, so traders should apply fixed stop loss rules or ATR-based stops to each signal. A position sizing approach using 0.5–2% risk per trade is practical depending on account size and instrument volatility. The Screener can be vulnerable to sudden news-driven volatility and thinly traded instruments, so filtering out low-liquidity symbols reduces tail risk. For live use, a recommended minimum account size is $1,000 for FX or $5,000 for multi-asset portfolios, paired with brokers offering low spreads and stable execution.

Install Dhokiyas Market Screener by copying the EA file into the MT5 Experts folder and restarting the platform. Attach the panel to a chart and open the settings to configure your symbol list, confirmation thresholds, and notification preferences. Key parameters to configure include the number of confirmations, score threshold for alerts, and lot-sizing defaults. Use ECN or STP brokers with low spreads for best execution and avoid brokers with re-quotes on one-click trading. Optimal chart timeframes are H1 and H4 for primary signals, with D1 for trend context. Backtest the panel on a demo account for at least four to eight weeks before going live.