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Candle Trader - expert for MetaTrader 4

Aharon Tzadik | English Español Português 日本語 Deutsch

Views:
12127
Rating:
votes: 12
Published:
2018.12.04 18:56
Updated:
2020.04.03 16:16

Candle Trader EA trades according to the low/high price of the candle of the previous day,has Trailing Stop Loss &Take Profit, works best on H4 and daily time frame major forex pairs and stocks NASDAQ.

Try it on demo first.

This EA trades only with the price of open candle!

If you do not want to trade with increasing lot size when you lose  a trade set:"IncreaseFactor=0"

Inputs

          • Exit=Enable Exit strategy (values:true/false).
          • Lots - Lots size (values: 0.01-1).
          • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
          • TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
          • Stop_Loss - Stop Loss (values: 30-500).
          • MagicNumber - Magic number (values: 1-100000).
          • TakeProfit - Take Profit (values: 50-200).
          • FastMA - Fast Moving Average (values: 1-20).
          • SlowMA - Slow Moving Average (values: 50-200).
          •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
          •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
          • UseEquityStop -  (values: true).
          • TotalEquityRisk- (values: 0.01-5).
          • Max_Trades(1-5). 

      You need to optimize this EA once  a week and use the exact same  inputs from above .

      You can use it as  hedging grid EA or a single trade EA.

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