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Active Candle EA

Active Candle reacts on candlestick formations in EURUSD and equalizes it with current highs and lows of days, weeks and month before to trigger a tradeNo martingale, no grid, no hedging, always just one order with StopLoss. As it isn't scalping there's no need for a super fast connection or ecn account, but the spread should be low. The backtest is made with wide spread to simulate slippage.

Active Candle works in M5 charts but the internal strategy relies also on H1, D1, W1 and MN1 charts. Download that data for a correct backtest!  Default settings are for EURUSD M5 chart.

Live signal >> (old)   Old 2:   https://www.mql5.com/en/signals/539210      

Current live signalhttps://www.mql5.com/en/signals/586887

After 4 weeks and again after 3 month of trading the first accounts were deactivated by Roboforex.

Timing is a important! Don't forget to set SetUTC (GMT) correctly according to the timezone of your broker! (Info about your timezone is in MS Windows date and time settings - to that number add the amount of hours the clock in mt4 market watch is ahead or subtract if its back)


  • SetUTC - timezone setting. The default set UTC=2 is used by many brokers. 

  • Auto_Moneymanage: automatic money management can be used 

  • MiniLots: if set to true, auto money management works in steps of 0.01 lot

  • MaximumRisk: how much % of account free margin is set on risk for each trade

  • Lots: lot size if automatic money management is disabled

  • StopLossB: distance of stop loss for buy from order open price in points 

  • StopLossS: distance of stop loss for sell 

  • TakeProfitB: distance from order open price in points where the order is closed for buy orders

  • TakeProfitS: distance to order open price

  • HourStart: EA start hour

  • HourStop: EA stop hour

  • HrFriStop: hour when the EA stops opening orders on Fridays (disabled set 24)

  • HrFriClose: to avoid open positions over the weekend, hour when the EA closes open orders on Fridays (disabled if set to 24)

  • magic: magic number

  • OrderOpenAlarm: if true, a pop up window and a sound alert inform that an order is opened

  • EmailAlarm: if true, an email informs 

  • PushAlarm: if true, a push notice informs

    Text_Buy: Text in alarm message

    Text_Sell: Text in alarm message 

    Don't activate following settings for live trading, just for testing:

  • MultiOrdersif set to true the EA may open several orders into the same direction

  • MaxOrders: sets the max. number of orders in one direction

  • Hedge: if set to true the EA may open orders into the opposite direction

stevenzj110 2019.06.17 11:51 

Good EA,it's very consistent and I think it has great potential

Jacques Chirac
Jacques Chirac 2019.05.11 10:06 

Backtest is not refelective of true performance, verify the signal instead: https://www.mql5.com/en/signals/539210#!tab=tab_trading

Heiko's strategy doesn't allow for future proof optimization which makes it, like many trader strategies out there, dependant on luck. Skill and luck are different things, many traders fail to understand that. The past doesn't represent the future as much as many people get trapped in the bias that it does. That's why only a future proof strategy works, and this EA can't give it.

BRADLEY PATRICK 2019.05.02 04:40 

I rented this EA for 1 month after the useless MT4 strategy showed it to be a good performer. However after losing 3 trades in a row it has shown its true worth. Useless.

Farooq Majoka
Farooq Majoka 2019.04.16 19:14 

First impressions quite good. will update to all five stars if this keeps on this way .

Fifth star added. I like this one !

16 profits 8 losses so far.some losses are 33 or 34 pip and some profits 23 pips but overall a profit.

#0th April 2019: There is a streak of losses.possibly the market is not suited or maybe the stops need to be reviewed dynamically. will update later

thanks to the author!

Vasiliy Kolesov
Vasiliy Kolesov 2019.04.09 19:16 

Отличный советник. достаточно безопасный и прибыльный. Тестирую уже более 3-х месяцев на реале. Как с агрессивными настройками , так и с консервативными. На данный момент результаты хорошие. Ссылка на реальный счет есть в комментарии #32 к советнику https://www.mql5.com/ru/market/product/35264#!tab=comments&page=2&comment=11247096 .

Version 1.9 2019.06.17
New setting ECN added. If set to true the EA tries a second and third time to order if before the order wasn't executed.
Version 1.8 2019.06.02
New settings added:
MultiOrders - if set to true the EA may open several orders into the same direction.
MaxOrders - sets the max. number of orders in one direction.
Hedge - if set to true the EA may open orders into the opposite direction.
There also the max. number of orders in one direction is set by MaxOrders.
Version 1.7 2019.05.13
Bug in friday close fixed
Version 1.6 2019.04.23
Adapted some internal parameters to low volatility
Version 1.5 2019.04.06
Several bugs fixed
Version 1.4 2019.02.24
Bugs in DrawLines fixed
Version 1.3 2019.02.15
Minor bugs fixed
Version 1.2 2019.02.10
Function DrawLines added, it shows highs and lows of days and weeks before
Version 1.1 2019.01.31
Bug in Auto_Moneymanage fixed