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Candle EA MT5

4.37

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



Attributes:

  • Can be used in the EURUSD, GBPUSD, AUDUSD, USDCAD  currency pairs
  • Can be used in M30, H1, H4 time frames
  • Has profit limit and loss limit
  • Without using risky strategies like martingale or hedge
  • According to FIFO rules
  • Can be used with low capital
  • Various capital management strategies
  • Can be used in prop companies

Minimum tested capital
100$
Minimum tested leverage
50
best brokers for this expert
Big and well-known brokers
best currency pairs for this expert
EURUSD , GBPUSD , AUDUSD , USDCAD
best time frames for this expert
M30 , H1 , H4


Settings:

  • magic Number: If you want to use several experts at the same time, this setting is useful for you. Each expert must have a different magic number.
  • Order Long: If you want to disable long (buy) trades, this setting is useful for you. By default, long trades are active
  • Order Short: If you want to disable short (sell) trades, this setting is useful for you. By default, short trades are active
  • comment: If you want to distinguish the trades of this expert from other experts, this setting is useful for you.
  • Risk: This setting is useful for all traders. The best amount of risk is 2%. In the beginning, don't take too many risks
  • Set the Lot value manually: If you want to set the lot value manually (not automatically in the settings above), this setting is useful for you. Specify the lot amount so that the expert trades the same amount in each trade.
  • take Profit : If you want to set the profit limit yourself, this setting is useful for you. These settings are based on points.
  • stop Loss :If you want to set the loss limit yourself, this setting is useful for you. These settings are based on points.
  • Breakeven Enable: If you want to use breakeven settings, activate this option. Protect the profit earned in each trade using these settings. Search the internet for more information.
  • Breakeven: Determine the break ion value. This setting is based on points. After reaching this amount of profit, the expert equalizes the loss limit with the entry price in the trade. (Your risk becomes zero.)
  • Max Spread : If your spread broker amount is high, this setting is useful for you. If the value of your spread broker is higher than these settings, it will not trade. This setting is based on points.
  • trailing stop: If you want to take care of your profit, this setting is useful for you.
  • days of the week: If you want the expert not to trade on some days, this setting is useful for you.


Frequently Asked Questions:

  • Does this expert comply with FIFO rules?
    Yes, this expert is fully compliant with FIFO rules.
  • Can this expert trade at the same time in the 4 currency pairs you mentioned?
    Yes, this expert can trade simultaneously in all currency pairs and all time frames.
  • Does the expert also trade with symbols that have suffixes, such as "EURUSD.c" or “EURUSD.b” or “Gold” or “EURUSD.a” or…, or does it require special settings?
    This expert automatically recognizes the symbol and trades. No special settings are required. If the gold symbol in your broker has a prefix or suffix, don't worry.
  • Will you be updating Expert in the future?
    Yes, we update the expert every 1-2 months and put it on the site. If you have any suggestion or criticism, be sure to tell us so that we can fix the problem in the next version.
  • Are the updates free?
    Yes, updates are free for those who have purchased or rented Expert. We will put the new update on the site and Metatrader.
  • Can this expert be used in other symbols?
    You can run this expert in other symbols. Expert also trades. But the results of other symbols are not like the symbols we have proposed
  • What is the average number of trades?
    The number of trades in backtest and live are exactly the same. So you can see the number of trades in the backtest with your desired settings.
    For example, in the last month, then you will get the answer. The average number of trades in live is the same as the average number of trades in the backtest.
    Because of the different settings, I can't say one number that is the same for all buyers. So based on your settings, you can find the average.
  • Should the expert be active all the time (24/7)? Does that mean I have to use VPS?
    There is no need, you can only run the expert as many times as you want. But if Expert Trade is open, it is better not to close it. So if you use VPS, it is better.


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        Reviews 20
        Brian Le
        37
        Brian Le 2024.07.13 12:35 
         

        good

        Yukio Kusakabe
        67
        Yukio Kusakabe 2024.05.30 07:53 
         

        The expert is very good. I am surprised that its price and rating is lower than the experts at the top of the table. In my opinion, this expert is better than all the experts on this site. Totally worth buying. There is no risk at all. Does not use dangerous strategies. Excellent support. Good results

        Steven Woods
        58
        Steven Woods 2024.05.29 17:33 
         

        An expert with the least risk. Consistent positive results

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        Filter:
        Brian Le
        37
        Brian Le 2024.07.13 12:35 
         

        good

        Yukio Kusakabe
        67
        Yukio Kusakabe 2024.05.30 07:53 
         

        The expert is very good. I am surprised that its price and rating is lower than the experts at the top of the table. In my opinion, this expert is better than all the experts on this site. Totally worth buying. There is no risk at all. Does not use dangerous strategies. Excellent support. Good results

        Steven Woods
        58
        Steven Woods 2024.05.29 17:33 
         

        An expert with the least risk. Consistent positive results

        John Rose
        57
        John Rose 2024.05.22 19:13 
         

        It's great in my broker

        Matthew Walsh
        47
        Matthew Walsh 2024.05.21 09:55 
         

        Very good. But the previous version was better. Please send me the previous version and update the expert. In general, everything is good. Thanks for the good expert

        victorgfa
        25
        victorgfa 2024.04.29 09:53 
         

        I rented this ea in April, after doing many backtests for many months (I think since August/23) The average of the backtests surprisingly good, around 8% a month with only 0,5% risk in EURUSD m30, with 70% win rate with low dd (I use for prop firms) But that was a BIG deception for April, I LOST money, with win rate around 44%, risk reward 1, on same settings, this is absurd, i am pretty sure that the owner manipulated the backtests (many people here say that same) or changed the patterns on the ea for worse, because the results were very bad. Just to aware for future buyers that this ea is NOT trustable and it will loose (literally) your money! Be aware of that!

        Boldbaatar Shagdar
        52
        Boldbaatar Shagdar 2024.04.26 06:47 
         

        I used this expert for a month. Like the backtest, it does not have a 90% win rate. But with a win rate of 62%, he was able to make a good profit. The cost of buying the Expert was easily compensated. It does not use dangerous strategy at all. Completely safe. no risk It is much better than experts who use strategies like martingale.

        Ali sen
        56
        Ali sen 2024.04.24 16:56 
         

        User didn't leave any comment to the rating

        Robert Miles
        67
        Robert Miles 2024.04.04 09:45 
         

        nice, go on

        George Newman
        70
        George Newman 2024.04.03 10:54 
         

        I got good results with live signals setup

        Ken Goyette
        58
        Ken Goyette 2024.04.02 10:08 
         

        The new version trades much better. Nice settings have also been added. Thanks to the author for his efforts and progress. continue.

        KIMDAENEUNG
        958
        KIMDAENEUNG 2024.02.29 11:39 
         

        No trading profits for 45 days. Not used anymore.

        The entry point is very bad (check comments).

        bigtunes
        148
        bigtunes 2024.02.28 12:59 
         

        UPDATE from my first review:

        Now I can say more about this EA and I'm very happy with it! I made a summary from 29.01.2024 to 15.07.2024 in my live account (18k€) and there are 2172,50€ profit and -399,47€ in loss. I had Swap costs about 56,01€ and no larger Drawdown than 5% from this EA. The EA opened 106 trades and closed 96 in positive direction, the other with loss; but they were closed and protecting me from Drawdown. I'm sorry but there is no way to upload pictures in the review, but you can follow my NAGA account (bigtunes) for see the results.

        The EA was set from me to four currency pairs with 3% risk setup; EUR/USD (21 trades, 301,99€ profit), USD/CAD (29 trades, 674,74€ profit), GBP/USD (31 trades, 471,63€ profit sum) and AUD/USD (25 trades, 324,67€ profit sum). This means a profit of 9,54% without any trouble and the EA runs smooth for 4.5 months (not the hole time). Maybe the backtest results are little over optimised but the EA works profitable and doesn't make risky thinks which kills your account. I can recommend the EA and the programmer, the support was friendly and with continiously fast responds.

        Ismail Heng
        41
        Ismail Heng 2024.02.04 17:26 
         

        I have used several settings simultaneously. It is interesting that every week, one of them performs better. Overall, the results are positive. I hope this profit continues. I have been using it for almost two months now.

        Philip Harrington
        38
        Philip Harrington 2024.02.03 12:47 
         

        Settings are important. Run several different settings simultaneously. In general, the expert will be positive. I will buy the full version.

        Trent Meadows
        40
        Trent Meadows 2024.02.02 10:14 
         

        The author is very active and responsive. Thank you for your hard work

        Joseph Ramsey
        55
        Joseph Ramsey 2024.02.01 09:15 
         

        I made more than 10% profit with the setup the author implemented and the signal he provided. Interesting, settings are very important. I want to rent another expert from the author.

        Extoflex
        222
        Extoflex 2024.01.31 22:06 
         

        Bisher habe ich mit diesen expert mehr Verluste als Gewinne gemacht sollte sich das ändern werde ich eine andere Bewertung abgeben.

        Update: selbst nach den vorgegeben set Dateien ist der ea nicht profitabel. die backtest Ergebnisse scheinen arg manipuliert/über oprimiert zu sein.

        Ich werde mit Absicht keine Updates machen um zu sehen wie schlecht dieser ea ist.

        Mansour Babasafary
        13315
        Reply from developer Mansour Babasafary 2024.02.04 15:36
        Hi dear friend. Please use the settings we have placed on the site.
        You can run several experts at the same time. You can also message me for more information and help.
        Luka Point
        34
        Luka Point 2024.01.31 13:32 
         

        So far so good. continue.

        Elijah Stone
        52
        Elijah Stone 2024.01.30 09:34 
         

        I have at least 10 experts. This is the first expert I have rented from this site. Despite the huge volatility of the market, due to the news of the war in the world, this expert is one of my two experts who managed to get a positive account in the last month.

        123
        Reply to review
        Version 2.10 2024.07.29
        Added notification settings:
        If you wish, enable this setting to receive a notification on your computer or mobile when the expert trades.

        Added "maximum spread" settings to Expert:
        If your broker's spread is greater than this number, expert will not trade.
        These settings are suitable for when the market has strong fluctuations (such as news) or when the market is closed (brokers increase the spread), and it prevents the expert from doing trades with a large spread.
        Version 2.0 2024.05.31
        Prop form settings were added to Expert
        From now on, you can use this expert in prop accounts.
        Version 1.90 2024.03.24
        A bug has been fixed.
        Thank you for your cooperation, dear customers
        Version 1.80 2024.03.19
        A big change:
        Strategy and patterns have been updated. According to the latest Forex market patterns (2024)

        Trailing stop settings have been added to Expert.

        0.5% risk has been added to the settings.

        Weekday settings have been added to Expert.

        The problem of foreign currencies (such as Japanese yen) has been resolved.

        Anti-Martingale capital management settings have been added to Expert.

        A small bug has been fixed.

        For more information about the settings, you can read the settings guide page.

        Thank you for your cooperation and patience, dear buyers.
        The programmer team will do their best to get your satisfaction.
        Version 1.70 2024.01.09
        Added 1 and 1.5% risk to settings.
        A small bug was fixed.
        Added some candlestick patterns to our strategy.
        Thank you for your cooperation, dear buyers
        Version 1.60 2023.12.23
        Several capital management strategies were added to Expert:
        dubbing
        Dubbing pad
        R to different R
        Version 1.40 2023.12.12
        The strategy was updated

        Added a setting to increase the number of trades
        Version 1.20 2023.12.06
        A very big update.
        3 currency pairs were added to Expert:
        GBPUSD, AUDUSD, USDCAD

        Two time frames were added to Expert:
        M30, H4

        Several different strategies were added to Expert:
        Long, short, type 1, type 2, type 3