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New Candle

The "New Candle" is an Expert Advisor that has an algorithm running beneath it that looks at price action. The EA is a market scalper, which means that trades run for a short period of time and the Take Profit is small, which is the definition of scalping.

To the contrary of indicators which are lagging, price action is always running with the price.


Best settings for the Expert Advisor :

- Lot : It depends on the Account Balance. Default for the EA is 0.01 lot (micro lot).

- TP : Take profit should be small since the EA is mainly for scalping. Default TP for the EA is 10 pips.

- SL : Stop loss is to prevent huge losses, and thus should be places a bit far from the price to avoid being hit by the price fluctuations.

Default SL for the EA is set to 40 pips.

- Timeframe : The EA has been optimized for the 1 hour (H1) timeframe.

- Currencies : The EA has been optimized for the EURUSD currency pair. It works best with basically any xxxUSD pair.


The EA has been tested successfully with the following currency pairs : (used timeframe : H1, period from January 1st to January 30th 2020)

EURUSD - AUDUSD - NZDUSD


Expert Advisor Inputs :

- Lot : The lot used for the Buy/Sell orders. Default has been set to 0.01 lot (micro lot).

- TP : The take profit. Default has been set to 10 pips.

- SL : The stop loss. Default has been set to 40 pips.

- Slippage : The slippage occurs when an order is executed at a different price than executed.

To prevent volatile market movements, default value has been set to 3.

- Magic Number : The magic number aims to distinguish the EA from other EAs running on the same MetaTrader platform.


For any suggestion, issues, or question. Please, feel free to contact me at : https://www.mql5.com/en/users/amiine90

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The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
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LEE SAMSON
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Verwandeln Sie jede Handelsstrategie in eine Positionshandelsstrategie oder handeln Sie mit den bewährten RSI- und ADR-basierten Positionshandelsstrategien, einschließlich eines automatisierten Drawdown-Kontrollsystems für Positionen, die sich gegen Sie entwickeln. Dieser EA ist eine Weiterentwicklung und Vereinfachung des MRA EA, der seit vielen Jahren für Positionshandelsstrategien verwendet wird, die auf der Market Structure Trader-Website gelehrt werden. In meinem Profil finden Sie einen Li
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Thi Thu Ha Hoang
5 (12)
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Ho Tuan Thang
4.63 (8)
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Artem Minchuk
2.55 (11)
Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
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Mansour Babasafary
4.58 (38)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
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Version 1.2 2020.07.27
- General Improvements.
Version 1.1 2020.02.01
- Added more inputs for more control over the EA behavior.
- Fixed trading lot selection issue (not being able to change the lot from the default value of 0.01 lot).