Candle Flip EA
- Experts
- Version: 2.0
The Candle Flip EA is a momentum-based trading system that capitalizes on significant price movements within a single candle. When price makes a substantial move in one direction, the EA places a pending order in the opposite direction, anticipating a potential reversal. The EA includes sophisticated risk management features including dynamic/fixed stop losses, breakeven functionality, and trailing stops. It also incorporates daily profit targets and trading hour restrictions for enhanced risk control. The default settings provided work well with XAUUSD. Prop Firm Challenge passable under low risk settings.
No Grid | No Martingale | All orders have stoplosses that are highly customizable based on your risk aversion |
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Recommendations:
- Currency pair: XAUUSD (tested and proven), any other pair on user discretion
- Timeframe: 30m+
- Minimum deposit : $500
- Leverage: 1:10+
- Account type: Any
- VPS: For uninterrupted trading, using a VPS is recommend
Parameters:
- Trading Parameters
- Timeframe Selection
- Trading Time Setting
- Max Risk Percentage Per Trade
- Required Points Movement from Candle Open
- Stop Loss Settings
- Stop Loss Type (Fixed or Dynamic)
- Fixed Stop Loss in Points
- Dynamic Stop Loss Multiplyer
- Breakeven
- Trailing Stop Follow
- Profit Target Daily to Stop Trading
- Magic Number

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