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NYOpen Scalper expert advisor for MT5 delivering disciplined New York open volatility profits

MT5utility

Discover NYOpen Scalper 2025 review with verified MT5 results showing average monthly gains of 1.7% and max drawdown near 12%. Get objective analysis.

NYOpen Scalper expert advisor logo for MT5
Price
$
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Combines range breakout signals with Fair Value Gap confirmation for higher accuracy

Key

Optimized for New York session volatility to capture fast momentum moves

Key

Configurable risk-per-trade, lot sizing and daily maximum trade limits

Short time-in-market strategy with average trade durations under one hour

Compatible with MT5 including backtesting and live optimization features

Supports major currency pairs with dedicated filters for spread and slippage

Who Should Use NYOpen Scalper?

This expert advisor is designed for these trader profiles

Beginner Trader

Entry Level

Day traders seeking short, session-based scalps during the New York open

Ideal Trader

Recommended

Automated traders who prefer MT5 EAs with verified live performance data

Ideal Trader

Recommended

Risk-aware traders wanting configurable position sizing and strict drawdown controls

Ideal Trader

Recommended

Developers testing algorithmic volatility strategies across multiple brokers and accounts

Detailed Review

This review of NYOpen Scalper for 2025 examines performance and provides analysis of the EA’s core mechanics and results. NYOpen Scalper is positioned as a professional volatility breakout system that targets the explosive conditions at the New York open. The EA’s unique blend of range breakout detection and Fair Value Gap confirmation reduces noise during the highest-liquidity session of the day, while time filters and spread checks avoid trading poor market conditions. The detailed trading results and backtests emphasize consistency over brute-force frequency, and the developer provides sample live-account reports to support claims. Under the hood NYOpen Scalper uses event-driven rules on MT5 to define breakout thresholds, confirm momentum with fair value gap validation, and enter trades with preconfigured stop loss and take profit levels. The algorithm limits trade duration, typically closing positions within the hour, and adjusts sizing according to account equity and user risk settings. Jonathan Mboya Kinaro designed the EA with practical parameter defaults and options for manual overrides, and the code supports standard MT5 optimization for parameter sweeps and forward testing. In practice NYOpen Scalper performs best on major FX pairs with low spreads and during clear volatility spikes at session open. Backtests and live samples show a measurable edge when brokers provide stable execution; latency-sensitive brokers or high spreads degrade trading results. For traders using MT5, this EA delivers an objective, rules-based approach to New York open scalping and provides transparent logs for third-party verification.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical trading results for NYOpen Scalper indicate a moderate win rate coupled with modest per-trade returns, which aligns with short-duration scalping systems. Expect win rates in the 55–70% range depending on pair selection and spread environment, with average profit per winning trade larger than average loss per losing trade when parameters are optimized. Drawdown management is handled through fixed stop losses and configurable daily loss limits, and experienced users report maximum drawdowns in the low double digits on live samples. Trade frequency is concentrated in the first 30–60 minutes of the New York session, producing one to four trades per pair per day on average. Account requirements include typical mini or standard MT5 accounts with stable execution, 0.5–1.0 lot sizing discipline relative to equity, and recommended starting equity of at least $1,000 for micro-lot testing and $5,000+ for live standard deployment. Timeframe considerations focus on 1-minute and 5-minute charts for signal timing but use higher timeframe context for range definition.
Risk Assessment

NYOpen Scalper Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

NYOpen Scalper presents a moderate risk profile suitable for traders with tolerance for short-term volatility. The stop loss strategy is rule-based with fixed and dynamic stop options to limit single-trade exposure, and a daily maximum loss parameter provides additional circuit-breaker protection. Position sizing is configurable by percent of equity or fixed lots, allowing users to adapt risk per trade to their portfolio; recommended risk per trade is 0.5–2% of account equity depending on leverage. Vulnerabilities include wide-spread conditions, low-liquidity off-hours, and broker execution quality; slippage can materially increase drawdown. For live deployment a conservative recommended account size is $5,000 or more when using standard lots, or smaller accounts using micro-lots for testing and evaluation.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

NYOpen Scalper Setup Guide & Installation

Step-by-step instructions to get NYOpen Scalper running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install the NYOpen Scalper EA by copying the provided .ex5 file into the MT5 Experts folder and restarting the terminal. Attach the EA to the chosen chart and enable automated trading in MT5, then load the recommended template and set the account-specific risk-per-trade parameter. Key parameters to configure include risk percentage, maximum daily trades, spread filter, and broker-specific slippage allowance. Choose low-spread ECN or STP brokers for best execution and test on demo accounts first. Optimal chart timeframes are 1-minute and 5-minute for entries with a 1-hour session window. Run both backtests and forward demo tests before live deployment.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install the NYOpen Scalper EA by copying the provided .ex5 file into the MT5 Experts folder and restarting the terminal. Attach the EA to the chosen chart and enable automated trading in MT5, then load the recommended template and set the account-specific risk-per-trade parameter. Key parameters to configure include risk percentage, maximum daily trades, spread filter, and broker-specific slippage allowance. Choose low-spread ECN or STP brokers for best execution and test on demo accounts first. Optimal chart timeframes are 1-minute and 5-minute for entries with a 1-hour session window. Run both backtests and forward demo tests before live deployment.

Ready to Install?

Download NYOpen Scalper from the MQL5 Market

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J

Developed by Jonathan Mboya Kinaro

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

NYOpen Scalper is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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