Daily Target EA MT5 V1.07 is an automated Expert Advisor designed for MetaTrader 5 (MT5). The Daily Target EA MT5 V1.07 is marketed as a trading robot that automates trade entries, manages Stop Loss and Take Profit levels, and helps traders follow predefined daily trading objectives.
According to a detailed product listing, Daily Target EA MT5 V1.07 belongs to the SIGNALXPRESS EA SYSTEM and focuses on XAUUSD (Gold) trading on the M15 timeframe, using a trend-following strategy. Another reseller describes the EA as supporting several Forex pairs and multiple timeframes, so traders should verify their exact version before applying any settings.
This guide covers Daily Target EA MT5 V1.07 features, its advertised strategy, installation, risk management, and testing considerations.
For more automated trading tools, visit MalikForexEA.com.
Daily Target EA MT5 V1.07 – Technical Specifications
| Specification | Details |
|---|---|
| EA name | Daily Target EA MT5 |
| Version | V1.07 |
| Platform | MetaTrader 5 |
| Developer framework | SIGNALXPRESS EA SYSTEM, according to a reseller |
| Primary instrument | XAUUSD (Gold), according to the detailed listing |
| Recommended timeframe | M15, according to the detailed listing |
| Trading strategy | Trend following |
| Trade execution | Fully automated, according to the seller |
| Risk management | Stop Loss and Take Profit advertised |
| Daily target feature | Daily profit-target management advertised by another listing |
| Installation file | Daily Target EA v1.07.ex5, according to the seller |
| DLL requirement | One listing advertises a no-DLL version; verify your package |
| Recommended testing | MT5 Strategy Tester and demo account |
Sources: ForexEAshop product page and Forex Tool Store product page.
Important: The available seller descriptions are not fully consistent. Confirm the supported symbols, timeframe, daily target controls, and DLL requirements against the documentation included with your exact Daily Target EA MT5 V1.07 file.
What Is Daily Target EA MT5 V1.07?
Daily Target EA MT5 V1.07 is marketed as an automated trading robot intended to reduce manual trading and help users follow a predefined trading plan.
The detailed Gold-focused listing describes a trend-following system that analyzes XAUUSD and automatically places trades with Stop Loss and Take Profit protection. A separate listing emphasizes daily profit-target management, including the ability to stop opening new trades after a configured target is reached.
A daily profit target is a trading limit, not a guaranteed amount of income. If market conditions are unfavorable, the EA may finish the day with a loss or fail to reach its target.
Main Features of Daily Target EA MT5 V1.07
1. Automated Gold trading
The detailed product description identifies XAUUSD as the primary instrument for Daily Target EA MT5 V1.07. Gold prices can move rapidly in response to economic announcements, interest-rate decisions, and changes in market sentiment.
Automating entries may reduce manual intervention, but it cannot eliminate the risks associated with volatile Gold markets.
2. Trend-following strategy
The seller describes Daily Target EA MT5 V1.07 as a trend-following Expert Advisor. A trend-following approach attempts to identify directional price movements and trade in the direction of the prevailing trend.
The exact indicators, entry conditions, and exit calculations used by this EA have not been independently verified. Traders should consult the supplied documentation instead of assuming that the robot uses a particular indicator or algorithm.
3. Daily profit-target management
Another product listing describes a daily target feature that can stop trading after a predefined profit objective is reached. This may help limit additional trading after a target has been achieved, depending on the actual implementation.
Before using this feature, check whether reaching the target:
-
Stops new trades only.
-
Closes existing positions.
-
Includes floating profit or counts closed trades only.
-
Resets at midnight according to broker time or another configured schedule.
These details can significantly affect the EA’s behavior.
4. Stop Loss and Take Profit protection
The Gold-focused product listing advertises built-in Stop Loss and Take Profit controls for Daily Target EA MT5 V1.07.
Check that the EA places protective orders correctly on your broker. During gaps or fast market movements, execution prices can differ from the requested stop-loss price.
5. Automated execution
Daily Target EA MT5 V1.07 is designed to execute its configured trading rules through MetaTrader 5. Once installed and enabled, it can monitor market conditions without requiring the user to manually place every trade.
A reliable internet connection or VPS can help keep MT5 running, but neither guarantees profitable execution.
Supported Markets and Timeframes
The detailed product listing specifies XAUUSD on M15, while another listing advertises EURUSD, GBPUSD, USDJPY, USDCAD, XAUUSD, and multiple timeframes.
| Setting | Reported information |
|---|---|
| XAUUSD Gold | Listed by both sellers |
| EURUSD and GBPUSD | Listed by the multi-pair reseller |
| USDJPY and USDCAD | Listed by the multi-pair reseller |
| M5 | Advertised by the multi-pair reseller |
| M15 | Recommended by the Gold-focused listing |
| H1 | Advertised by the multi-pair reseller |
Do not assume all these options are available in every version. Verify your specific EA file and use the matching preset configuration.
How to Install Daily Target EA MT5 V1.07
Follow these general steps to install Daily Target EA MT5 V1.07 in MetaTrader 5.
-
Obtain the EA file and its documentation from a source you trust.
-
Open MetaTrader 5 and select File → Open Data Folder.
-
Open the
MQL5folder, then theExpertsfolder. -
Copy
Daily Target EA v1.07.ex5into the Experts directory. -
Restart MT5 or refresh the Expert Advisors list in Navigator.
-
Open the XAUUSD chart and select M15 if your version’s documentation specifies that timeframe.
-
Attach Daily Target EA MT5 V1.07 to the chart.
-
Review lot size, risk settings, Stop Loss, Take Profit, and daily target parameters.
-
Enable Algo Trading and check the Experts and Journal tabs for errors.
-
Run a backtest and demo forward test before using real money.
For more platform guidance, see the official MetaTrader 5 trading robots documentation.
Daily Target EA MT5 V1.07 – Backtesting and Performance
The seller’s product descriptions promote automated trading and risk-management features, but the sources reviewed do not establish independently verified live performance for Daily Target EA MT5 V1.07.
Before relying on any performance claim, use the MT5 Strategy Tester and examine:
-
Net profit: Results after trading costs.
-
Maximum equity drawdown: The largest decline in account equity, including floating losses.
-
Profit factor: Gross profit divided by gross loss.
-
Trade count: Whether the sample is large enough to be informative.
-
Execution costs: Spreads, commission, swaps, and slippage.
-
Daily target behavior: Whether the EA stops opening trades or closes positions after reaching its target.
You can learn more about evaluating automated trading systems through Myfxbook and monitor scheduled economic announcements with the Forex Factory calendar.
These are external research resources, not endorsements or proof of the EA’s performance.
Risk Management for Daily Target EA MT5 V1.07
Daily Target EA MT5 V1.07 should be tested with conservative risk settings. Even a trend-following strategy with predefined daily targets can experience losing trades and extended drawdowns.
-
Start with a demo account.
-
Use a conservative lot size appropriate to your account.
-
Confirm whether the EA has a maximum daily loss setting.
-
Check whether existing trades remain open after the daily target is reached.
-
Test during trending, ranging, and high-volatility conditions.
-
Avoid assuming that a small recommended deposit means the EA is low-risk.
The Gold-focused reseller mentions a $100 starting deposit, but this is a seller recommendation, not a guarantee that this balance is sufficient for every broker or configuration.
Advantages and Limitations
| Potential advantages | Limitations |
|---|---|
| Automated trading on MT5 | Performance is not guaranteed |
| Trend-following Gold strategy advertised | Exact entry algorithm is not independently verified |
| Stop Loss and Take Profit advertised | Slippage and gaps can affect exits |
| Daily target management advertised by one reseller | Exact reset and closing behavior needs verification |
| Automated trade execution | Requires monitoring and testing |
| Relatively straightforward installation | Available features may vary by distribution |
Frequently Asked Questions
What is Daily Target EA MT5 V1.07?
Daily Target EA MT5 V1.07 is an automated Expert Advisor marketed for MetaTrader 5. One detailed listing describes it as a Gold-focused trend-following system, while another advertises multi-pair trading and daily profit-target controls.
Which timeframe is recommended?
The detailed Gold-focused listing recommends M15. Another reseller advertises M5, M15, and H1. Follow the documentation supplied with your exact version.
Does Daily Target EA MT5 V1.07 guarantee daily profits?
No. A daily target is a configured objective, not a guaranteed return. Trading losses can occur even when an EA includes risk-management controls.
Does Daily Target EA MT5 V1.07 trade Gold?
Yes, XAUUSD is explicitly listed as a supported instrument by both reviewed sellers. One listing describes it as the EA’s primary and exclusive market.
Where can I find the product listing?
Review the Daily Target EA MT5 V1.07 product page at ForexEAshop and compare its specifications with the Forex Tool Store listing. These are reseller pages; verify the developer and licensing details before purchasing.
Conclusion
Daily Target EA MT5 V1.07 is marketed as an automated trading robot with trend-following functionality, Stop Loss and Take Profit controls, and daily profit-target management advertised by a reseller. The detailed product listing focuses on XAUUSD Gold trading on M15, although other listings describe broader currency-pair and timeframe support.
Before using Daily Target EA MT5 V1.07 on a live account, confirm the exact version, test its trading logic, verify its risk controls, and evaluate drawdown under realistic trading costs.
Explore more automated trading tools and Forex Expert Advisors at MalikForexEA.com.
Disclaimer: This article is for educational purposes only and is not financial advice. Forex and CFD trading involve substantial risk, including the possibility of losing your invested capital.
Reviews
There are no reviews yet.