Dji First Candle Strategy: Automated MT5 Trading with Verified Results

This 2026 review examines Dji First Candle Strategy performance and offers an actionable analysis of the EA's approach, results, and limitations. Dji First Candle Strategy is built specifically for US30 (DJI) and stands out because it reduces discretionary judgment by committing to a defined session start and the directional interpretation of the first candle. The algorithm determines the first candle after the user-defined start time, places an entry in the candle direction, and applies fixed stop loss and take profit values to every trade. That simplicity improves reproducibility and makes trading results easier to audit on MT5. What makes the EA unique is the blend of single-event signal logic and strict risk parameters that prevent cascade trade adjustment. The EA works best during regular US market hours when volatility from open and initial liquidity imbalances produces reliable first-candle breakouts. It is less effective during extended low-volatility ranges or when major macro news causes wide spread gaps. Risk management is explicit: each trade uses predefined SL/TP and optional percent-based position sizing, and the system logs each decision for backtest-to-live comparison. Expected performance characteristics include moderate win rates with positive expectancy when paired with conservative sizing, intermittent drawdowns during trending gaps, and a low to moderate trade frequency focused on high-probability session starts. Users should treat the EA as a disciplined tool for systematic entries rather than a black-box scalper.