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Candlestick pattern EA

FREE

Published: 14 March 2024

Current version: 1.0

Candlestick pattern EA

Certainly! A candlestick pattern EA is an Expert Advisor that automates the process of identifying specific candlestick patterns on a price chart and making trading decisions based on those patterns. Candlestick patterns are formed by one or more candles on a chart and are used by traders to analyze price movements and make trading decisions.

EA likely scans the price chart for predefined candlestick patterns such as the Hammer, Inverted Hammer, Three White Soldiers, and Evening Star. When it identifies one of these patterns, it can generate a signal to either buy or sell, depending on the pattern and its implications for future price movement.

For example, if the EA detects a Hammer pattern, which is a bullish reversal pattern, it might generate a signal to buy, anticipating a potential upward price movement. On the other hand, if it detects an Evening Star pattern, which is a bearish reversal pattern, it might generate a signal to sell, anticipating a potential downward price movement.

if the EA detects a loss from the previous trade, it should activate a recovery mode for both buy and sell directions. If the previous trade was a win, it should correct. This feature can help manage losses and potentially increase profits. Do you have specific rules or strategies in mind for how the recovery mode should work?

if use recovery mode set trailing stop = 0

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Automatic trading Advisor .This is a free version of the expert Advisor "Trend Analyzer Pro" https://www.mql5.com/ru/market/product/42792.В the robot is based on 2 strategies: at the intersection of moving averages and Bollinger bands indicator .In the paid version, three strategies are available, which increases profitability several times .Designed for the EURUSD H1 currency pair.It is possible to use it on other tools after optimization.Test only on tick data. ** Does not use such dangerou

FREE

Expert description Algorithm optimized for Nasdaq trading The Expert Advisor is based on the constant maintenance of long positions with daily profit taking, if there is any, and temporary interruption of work during the implementation of prolonged corrections The Expert Advisor's trading principle is based on the historical volatility of the traded asset. The values of the Correction Size (InpMaxMinusForMarginCallShort) and Maximum Fall (InpMaxMinusForMarginCallLong) are set manually. Recom

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In FX, signals from doji patterns can be effective in capturing potential trend developments. Therefore, setting pending orders simultaneously after the appearance of a doji can make it easier to capture the onset of a trend. Setting stop-loss (SL) and take-profit (TP) levels more widely can enhance the probability of success, but it also increases the associated risk. In the event of a loss, it is possible to recover by increasing the next position size through multi-lot trading, but this

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Советник работает на двух индикаторах CCI и ADX. Условия для входа в BUY: 1. ADX пересекает уровень 20 2. CCI пересекает уровень 100 снизу вверх 3. Выставляем фиксированный StopLoss и TakeProfit 4. Закрываем позицию по рыночной цене, когда CCI пересекает уровень 100 сверху вниз. Условия для входа в SELL: 1. ADX пересекает уровень 20 2. CCI пересекает уровень -100 сверху вниз 3. Выставляем фиксированный StopLoss и TakeProfit 4. Закрываем позицию по рыночной цене, когда CCI пересекает уровень -1

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Royal Ger30 This Expert Working On High Time Farm H1 , H4 the Expert can Analyze The Daily and weekly Trend of the Market and Open Trade on H1 or H4 Trade have Not SL but have Recovery Lot size Minim Deposit 1k Fix Lot 0.01 For EightCap Broker because you can Trade with 0.01 on Stocks Best Time = H1 Make sure to Add Set File Symbol GER30,GER Cash , DE40, DE30 on Eightcap Broker No need Set File this Expert Have Auto Set File

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FREE

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FREE

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