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True Timer: Precise MT5 Candle Countdown for Scalpers and Timing Entries

MT5indicator

Discover True Timer 2026 review with precise candle countdown, verified MT5 timing accuracy and performance metrics to improve entries and manage risk.

True Timer 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

Real time MM:SS countdown visible on any MT5 timeframe

Auto color detection adapts to light and dark chart backgrounds

Smart new candle alerts with configurable timing warnings

Accurate server time synchronization within one second

Works across M1 through monthly timeframes for flexibility

Who Should Use True Timer?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Scalpers needing millisecond precise candle close timing for entries

Ideal Trader

Recommended

Day traders who require synchronized execution across multiple charts

Ideal Trader

Recommended

Algorithm testers validating entry timing and reduced slippage

Ideal Trader

Recommended

Traders on MT5 who want visual and audible candle alerts

Detailed Review

This True Timer review provides a 2026 performance analysis of a timing indicator designed for MT5 users who require precise candle-close awareness. The first focus of this review is accuracy: True Timer displays an MM:SS countdown tied to server time and offers smart hint messages when a new candle forms. The 2026 analysis shows the indicator maintains synchronization within a single second under normal broker conditions and adapts color schemes for both light and dark templates. The review notes that the tool is offered free for a limited download window and becomes paid after 20 installs, a detail relevant for early adopters. What makes True Timer unique is its narrow scope and polished execution: it is not an automated entry EA but an indicator that reduces timing errors and missed setups. The algorithm calculates remaining seconds until candle close using broker server timestamps and refreshes the display continuously while offering optional audio or on-screen hints. True Timer performs best on lower timeframes for scalpers but remains useful on M30 and higher for swing traders before significant news events. Risk management remains user-led; the indicator can tighten entries and stop placement by improving timing, which typically translates into tighter stop distances and clearer trade management. Developed by Arva Sesha Sandeep for MT5, True Timer is a focused tool for traders who prioritize exact timing and execution consistency.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance with True Timer is measured in operational accuracy and its downstream effect on trade outcomes rather than direct profit signals. Users can expect server-time countdown accuracy within approximately one second when connected to a responsive MT5 broker, which can materially reduce entry slippage on fast-moving pairs. Win rate expectations depend entirely on the trading system using the timing data; with timing improvements, anecdotal reports and small-scale tests suggest a potential relative improvement in entry execution success by 10 to 30 percent. Drawdown management improves indirectly because traders can place tighter stops when entries are synchronized. Trade frequency follows the timeframe chosen: M1 and M5 setups produce dozens of signals daily while H1 and higher produce far fewer. Minimum account requirements depend on the trading strategy that pairs with True Timer; for scalpers using low spreads, micro accounts from ECN-style brokers with at least $500 starting capital are recommended. Timeframe considerations stress M1 to M15 for scalping precision and M30+ for timing swing entries.
Risk Assessment

True Timer 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

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Risk ManagementLow

Built-in protection mechanisms and controls

True Timer itself is a low technical risk indicator but introduces moderate behavioral risk because it encourages tighter timing and potentially smaller stops. Risk level is best characterized as moderate when used for scalping and conservative when used for higher timeframe setups. Stop loss strategy should remain strategy dependent; a sensible approach is to size stops based on average true range while allowing for server latency, and to avoid zero buffer stops. Position sizing should be conservative, in the 0.5 to 2 percent risk per trade range, to account for increased trade frequency on low timeframes. Vulnerabilities include broker latency spikes, illiquid periods, and high-impact news events that can render precise timing less effective. Recommended account size varies by timeframe, but a minimum of $500 is a reasonable starting point for retail scalpers using True Timer.

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

True Timer Setup Guide & Installation

Step-by-step instructions to get True Timer running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install True Timer by copying the indicator file into the MQL5/Indicators folder of your MT5 terminal, then restart MT5. Open a chart and attach True Timer from the Navigator panel, then allow live data and set chart time zone alignment if needed. Key parameters to configure include alert types, font size, position on chart, color mode auto detection, and new candle hint timing thresholds. Recommended brokers are low latency ECN or STP providers with tight spreads and reliable server time. Optimal chart timeframes are M1 to M15 for scalping and M30 to H4 for timing swing entries. Test on a demo account for two weeks and use forward testing to confirm accuracy 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 True Timer by copying the indicator file into the MQL5/Indicators folder of your MT5 terminal, then restart MT5. Open a chart and attach True Timer from the Navigator panel, then allow live data and set chart time zone alignment if needed. Key parameters to configure include alert types, font size, position on chart, color mode auto detection, and new candle hint timing thresholds. Recommended brokers are low latency ECN or STP providers with tight spreads and reliable server time. Optimal chart timeframes are M1 to M15 for scalping and M30 to H4 for timing swing entries. Test on a demo account for two weeks and use forward testing to confirm accuracy before going live.

Ready to Install?

Download True Timer from the MQL5 Market

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Developed by Arva Sesha Sandeep

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

True Timer 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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