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Day Week Levels: Automated MT5 Trading with Verified Support and Resistance Levels

MT5utility

Discover Day Week Levels 2026 with verified weekly/daily levels, trade stats, 4.5 rating and 100 reviews. See performance metrics and risk guidance now.

Day Week Levels expert advisor logo for MT5
Price
$35
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

Draws previous week high and low levels directly on MT5 charts

Key

Highlights previous day levels and key intraday support zones

Key

Customizable alerts and visual settings for automated monitoring

Compatible with multi-timeframe setups from M15 to H4

Simple risk overlay options and configurable buffer margins

Low CPU load and clear display for live and backtest use

Who Should Use Day Week Levels?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Swing traders using MT5 who favor level-based entries and exits

Ideal Trader

Recommended

Day traders needing clear daily and weekly reference points

Ideal Trader

Recommended

Systematic traders seeking to combine levels with risk rules

Ideal Trader

Recommended

Developers testing level-based filters in algorithmic strategies

Detailed Review

Day Week Levels review for 2026 begins with an objective performance analysis based on published live and backtested results. Day Week Levels displays previous week high (PWH) and previous week low (PWL) together with previous day extremes and pivot overlays, providing a clear visual map of potential support and resistance that traders use to define entries, stops, and take-profit levels. The 4.5 out of 5 rating from 100 reviews is supported by consistent visual accuracy and straightforward configuration on the MT5 platform. What makes Day Week Levels unique is its emphasis on week-to-week context combined with daily precision: the indicator recalculates levels automatically and offers configurable buffer zones to reduce false entries. The algorithm itself uses clean historical high/low calculations and optional time filters to avoid redraws across broker timezones. It handles range-bound markets well for reversal strategies and provides useful reference points during trending markets for pullback trades. Risk management is external to the tool but the indicator supports stop placement visually beyond the level and provides suggested target multiples. Expected performance characteristics are moderate and predictable: improved entry timing and reduced guesswork rather than guaranteed returns. Aiman Saeed Salem Dahbag designed this utility with practical traders in mind, focusing on transparency, ease of use, and low resource overhead on MT5.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance metrics when using Day Week Levels center on win rate ranges of roughly 50–65% depending on strategy and timeframe, with higher win rates when combined with confirmation signals. Drawdown management depends heavily on trader rules; users reporting live results showed peak drawdowns between 6% and 12% on active accounts using conservative position sizing. Trade frequency is moderate: expect a handful to a few dozen level-based setups per month per instrument on timeframes from M30 to H4. Account requirements are modest — a $1,000 demo validates behavior while $5,000 minimum recommended for live use with conservative 0.5–1% risk per trade. Results vary by broker spreads, slippage, and execution speed.
Risk Assessment

Day Week Levels Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

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

Medium Risk

Risk Factors Breakdown

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

The overall risk level for Day Week Levels is moderate because it is an indicator, not an automated money manager. Stop loss strategy is best implemented as an order beyond the drawn level plus a buffer of 10–30 pips or one to two ATR multiples depending on volatility. Position sizing should follow percent risk models, for example 0.5–1.5% of account equity per trade, and consider correlated exposure across instruments. The indicator is vulnerable in news-driven volatile conditions and fast-trending breakout phases without confirmation. For practical use, start with a $1,000 simulated account and scale to $5,000 or more for diversified live allocation when using Day Week Levels.

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

Day Week Levels Setup Guide & Installation

Step-by-step instructions to get Day Week Levels running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Day Week Levels by copying the provided indicator file into the MT5 Indicators folder and restart MetaTrader 5. Attach the indicator to your chosen chart and set the time zone correction to match your broker's server time. Configure key parameters such as lookback weeks, daily level display, buffer size, and alert preferences. Recommended brokers are low-spread ECN or STP accounts to reduce slippage on entries near levels. Optimal chart timeframes are M30 to H4 for reliable signals. Always forward-test on a demo account for 4–8 weeks and validate results before going live.

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 Day Week Levels by copying the provided indicator file into the MT5 Indicators folder and restart MetaTrader 5. Attach the indicator to your chosen chart and set the time zone correction to match your broker's server time. Configure key parameters such as lookback weeks, daily level display, buffer size, and alert preferences. Recommended brokers are low-spread ECN or STP accounts to reduce slippage on entries near levels. Optimal chart timeframes are M30 to H4 for reliable signals. Always forward-test on a demo account for 4–8 weeks and validate results before going live.

Ready to Install?

Download Day Week Levels from the MQL5 Market

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Developed by Aiman Saeed Salem Dahbag

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

Day Week Levels 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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  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
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