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Candle Pattern

The Expert Advisor is based on Japanese candlestick patterns. Each pattern can be enabled or disabled in the EA parameters. The EA works with up to three trend indicators. Each indicator has its own parameters which can be modified. Also it's possible to enable or disable the indicators or to combine the indicators together. The best way is to use one indicator at the same time.

The indicators are needed to determine if the trend goes up or down.

The EA trades any currency pair, metals and stocks. All timeframes are supported. It is recommended that you optimize the EA on the history data of the last 2-4 weeks. Pattern recognition, trailing and breakeven parameters should be used for optimization.

The best strategy is to combine some of the patterns and the indicator together and not to use all the pattern and all the indicators on the same time.

If the Stoploss is disabled(set to 0), the EA works only with the fixed lot for safety reason.


Supported Candlestick Patterns

Bullish Pattern:

  • Bullish Engulfing
  • Piercing Pattern
  • Morning Star
  • Dragonfly Doji
  • Three Line Strike (bullish)
  • Hammer
  • Harami Cross (bullish)
  • Harami (bullish)
  • Three Star In The South
  • Three Outside Up
  • Three Inside Up
  • Inverted Hammer
  • Three White Soldier
  • Own Pattern (bullish)

Bearish Pattern:

  • Bearish Engulfing
  • Dark Cloud
  • Evening Star
  • Gravestone Doji
  • Three Line Strike (bearish)
  • Shooting Star
  • Harami Cross (bearish)
  • Harami (bearish)
  • Deliberation
  • Three Outside Down
  • Three Inside Down
  • Three Black Crows
  • Hanging Man
  • Own Pattern (bearish)


Parameters

  • Magic Number - trade magic number.
  • Slippage - maximum slippage.
  • TradeOnBarTrue - whether the EA trades on open bar only or not.
  • Money Management - set false, the EA works only with fixed lot.
  • RiskPercent - lot is chosen automatically on the basis of the percentage of the balance.
  • FixedLotSize - lot. 1 on default.
  • Bullish Candle Pattern - enable or disable the bullish candle pattern.
  • Bearish Candle Pattern - enable or disable the bearish candle pattern.
  • UseMovingAverage - if true, Moving Average indicator is activated to determine the trend.
  • Moving Average Period - period of the Moving Average. 5 on default.
  • Moving Average Method - applied Method. Exponential on default.
  • Moving Average Price - applied Price. Close Price on default.
  • UseRSI - if true, RSI indicator is activated to determine the trend.
  • RSIPeriod - period of the RSI indicator. 14 on default.
  • downtrend - if RSI higher than downtrend there is a trend down (activates the bearish candle pattern). 70 on default.
  • uptrend - if RSI lower than uptrend, there is a trend up (activates the bullish candle pattern). 30 on default.
  • UseMomentum - if true, Momentum indicator is activated to determine the trend.
  • Momentum Period - period of the Momentum indicator. 21 on default.
  • Stop Loss - distance to fix loss.
  • Take Profit - distance to fix profit.
  • UseBreakEvenStop - if true, Breakeven Stop is activated.
  • MinimumProfit - minimum level of profit reached before break even start to activate. 0 on default.
  • LockProfit - moves the stoploss based on the value of this variable. 0 on default.
  • UseTrailingStop - if true, trailing stop is activated.
  • TrailingStop - distance at which the Stop Loss will be moved after the current price, but only if the positions is profitable. 50 on default.
  • MinProfit - minimum level of profit reached before trailing stop begins to work. 0 on default.
  • Step - steps of the trailing stop. 10 on default
  • UseTimer - if true, the timer will only trade between the specified hour and minutes.
  • UseLocalTime - if true, the Timer will work with the local time.
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YOLO Diamond hands
INREXEA LIMITED
Signal monitor : Here   We offer signal service for MQL users . PM me after you purchase . You are not only purchase an EA product , you purchase my vip service as well .  Martingale can be danger , and YoLo is not a complicated martingale systems , the soul of YOLO is inside “Inrexea VIP service” which no one can steal or be cracked forever .  Hello traders ,  This is JoanneYip and HusonChow from Hong Kong . We learnt building trading systems since 2016 and trade our own fund in the last 15 y
499 USD
Golden Lion EA
Golden Lion EA
Hanna Zharkova
3 copies left at $149. Next price $199. Golden Lion is a professional multi-currency trading Expert Advisor for intraday trading. The EA contains an advanced entry filter, each potential market entry point is carefully analyzed, false entry points are eliminated. Accuracy of inputs exceeds 80%. To extract the maximum profit, the algorithm of multi-stage profit fixing and a two-level trailing stop with a breakeven function were used. For additional security, the EA has built-in high spread
149 USD
EA Web
EA Web
Vitali Vasilenka
Anger conquers fear from Thomas Shelby   LAST 3 OUT OF 10 COPIES AT $ 149 PRICE. The next price will be $ 249 Intelligent EA WEB advisor algorithm - Installed on the chart of the GBPUSD - EURUSD   currency pair, M5 timeframe     Use Recommended Settings a minimum deposit of  500$   Trading timeframe M5  Setting Available post in the advisor discussion  #25 Important information  The EA makes more than 100 Deals per day !!  Use a minimum deposit of $ 500 - or cent accounts from
149 USD
EA Quantum Lab
EA Quantum Lab
Vitali Vasilenka
Anger conquers fear p.s Thomas Shelby  LAST 3 OUT OF 10 COPIES AT 149  Next price will be $249. Unique trading algorithm  The Expert Advisor is based on two main indicators Allows you to more accurately determine the points of entry into the market with minimal risk per trade    The Expert Advisor has a virtual order system that allows filtering false signals  Now all the best is collected in one  Recommended pairs for trading :   GBPUSD, NZDUSD, EURUSD, USDCAD, AUDUSD, USDCHF, USDJPY,
149 USD
Market Reversal Alerts EA
Market Reversal Alerts EA
LEE SAMSON
The Market Reversal EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. The EA draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the rever
199 USD
NightTradeEA
NightTradeEA
Mikhail Voropaev
- Супер акция: 10 копий по цене $199!!! (осталось 7 копий) - Следующая цена: $249 NightTradeEA - полностью автоматический торговый советник. Основная стратегия советника - ночной скальпинг в период перехода от американской к азиатской сессии. Советник был успешно опробован на реальных торговых счетах на протяжении трех и более лет. Мониторинг реального счета NightTrade2 Мониторинг реального счета NightTrade1 Советник не использует мартингейл, не использует сетку. Все торговые ордера защище
199 USD
Super Trade AI
Super Trade AI
Nguyen Phuong Hoang
Super Trade AI  ***** Super Trade AI ***** Before you buy all of my products please be aware of the risks involved: 1) Please do not over believe in backtesting result . No one can 100% predict the future . 2) The best setting is default, but you can find the best by yourself each special conditions 3) Sometimes a confliction of market can cause the account a short period of Drawdown , Please get ready for it and wait for profit. 4) Super Trade AI are dependent on good brokerage conditions, l
21 000 USD
GerFX Density Scalper
GerFX Density Scalper
Exler Consulting GmbH
IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected new
2 000 USD
The Prism
The Prism
Yaroslav Tarasov
Promotional price. 1 copies left of 10.  Next price will be 300 usd The Prism is a multicurency EA that trading on 7 EUR pairs (EURCAD, EURJPY, EURCHF. EURGBP EURAUD, EURNZD, EURUSD)  The EA working with Crosspairs trend filter which provides stable and safe entries in market. The Prism have Unique multithreaded system which provides quality auto lot size adjust  Deposit size can be any, Only one limit is using ea from 100 USD. More deposit making more entries and lot size To setup
100 USD
GridMartin Conqueror
GridMartin Conqueror
Konstantin Kulikov
The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #62:   https://www.mql5.com/en/market/product/32758#!tab=comments&page=4&comment=22166008 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Pay attention to the useful information in my profile:   https://www.mql5.com/en/users/test-standart Version for MT5:  https://www.mql5.com/en/market/product/64329 Highlights to pay attention to During live operation of the expert the G
197 USD
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