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Gold Candle Bot

FREE

Published: 26 December 2024

Current version: 1.30

Gold Candle Bot

Name: Gold Candle Bot
Rating: 4.6 (35 reviews)
Author: Maksim Kononenko

4.6

Experts
Maksim Kononenko
Maksim Kononenko
Finland

27075
4.5 (51)
4 products
Version: 1.30
Updated: 25 January 2025

Candle Bot - is a simple and effective Expert Advisor (EA) for trading gold on the Meta Trader 5 platform.

The Expert waits for bar 1 to be a large candle and for bar 2 to be a small candle, then opens a position in the direction of the small candle. The direction of the small candle (bullish or bearish) does not matter.

Recommendations:

Currency pair: XAUUSD (GOLD).

Time frame: M1,M5,M30

Minimum deposit: $300 (recommended $1000)

Leverage: Any

Account type: Any(Better works on ECN)

Bot for Risk Balance

Balance Risk Bot

Risk Disclaimer

Trading involves risk. Backtest results are optimised and do not guarantee future performance. An EA may also incur losses due to glitches or incorrect inputs. Only trade with money you can afford to lose.

more...

1364

Richard Bethsold 2026.05.09 18:27 #

Very good, Thanks

Michael GS 2026.01.02 10:03 #

Nice job. Thank you so much for this fine free bot. Out of the box it works well on EURUSD-M30 as well. Keep up the good work.

Yusuf. J 2025.12.23 01:30 #

I am currently running a back teston gold 1M 100usd acct, just pass 1 month with 500usd without blowing the acct. This is a great bot brother. thanks big time

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Bot-utility. Tracks the total balance on the trading account - that is, it works on all symbols and with magic number. Has a parameter: Balance Stop, % - balance trailing, as a percentage of the balance I created Balance Risk Bot specifically for Candle Bot , which will close all positions if the total deposit drops as a percentage. All Information can find there in Telegram and My Broker XM Live Signal Signal

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Tested on pair EURUSD Prop Firm Challenge Features This is the core highlight of this Expert Advisor. It ensures strict adherence to proprietary trading firm rules: Daily Loss Limit: The bot monitors all closed trades for the current day and compares the real-time Equity with the starting daily balance. If the drawdown exceeds the DAILY_LOSS_LIMIT , the bot immediately closes all positions, deletes pending orders, and halts trading to protect the account. Pass Criteria (Profit Target): Onc

FREE

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1364

Richard Bethsold 2026.05.09 18:27 #

Very good, Thanks

cannonbeachmoney 2026.03.25 06:41 #

User didn't leave any comment to the rating

352

anwarismail 2026.03.20 22:44 #

it is performing good when compinded with balance risk bot

106

Wicke54 2026.01.18 10:48 #

Until now, very good. What happens when GOLD go f.eks downward, and there is a up-bayed?

27075

Reply from developer Maksim Kononenko 2026.01.21 09:00 #

Thanks,for you review.Bot open on Candles sizes that mean if going downward,he open sells position.But offcouse we will se how good it work only when come down trend.

stefanomunari 2026.01.08 11:16 #

User didn't leave any comment to the rating

Michael GS 2026.01.02 10:03 #

Nice job. Thank you so much for this fine free bot. Out of the box it works well on EURUSD-M30 as well. Keep up the good work.

27075

Reply from developer Maksim Kononenko 2026.01.03 16:06 #

tnx,aprecciate it.

Yusuf. J 2025.12.23 01:30 #

I am currently running a back teston gold 1M 100usd acct, just pass 1 month with 500usd without blowing the acct. This is a great bot brother. thanks big time

27075

Reply from developer Maksim Kononenko 2025.12.27 08:59 #

Thanks.

92245

Evgeny Belyaev 2025.12.04 12:34 #

User didn't leave any comment to the rating

27075

Reply from developer Maksim Kononenko 2025.12.04 16:46 #

tnx,aprecciate it.

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Eve55 2025.12.03 04:28 #

very good

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Reply from developer Maksim Kononenko 2025.12.04 16:47 #

tnx.

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Nezo Eliot 2025.11.29 00:23 #

This EA has been a solid performer on my account. With a bit of finetuning of the settings, it runs smoothly and keeps generating positive returns. Really grateful to the developer for such a highquality robot.

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Reply from developer Maksim Kononenko 2025.12.17 13:24 #

tnx.

Saar24 2025.11.27 19:18 #

Far exceeded my expectations...thank you for a great bot!

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Reply from developer Maksim Kononenko 2026.01.24 05:31 #

thanks for your review

Mohsen Bayani 2025.11.04 09:49 #

What does the expert do when we activate the reverse tool?

[Deleted] 2025.10.31 03:23 #

User didn't leave any comment to the rating

27075

Reply from developer Maksim Kononenko 2025.12.04 16:47 #

tnx,aprecciate it.

2111845 2025.08.13 03:52 #

User didn't leave any comment to the rating

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Reply from developer Maksim Kononenko 2025.12.04 16:46 #

thanks

Боря Железнов 2025.07.08 22:26 #

Спасибо. Интересный бот. Тестирую пока что на демо счете. подскажите где найти группу в телеграмме? хотелось бы присоединиться и быть в курсе событий.

Maulik Japee 2025.07.08 07:28 #

This is very good bot no doubt but if market gone one side.. Its very risky as this bot will make average too much and you will be in big loss if Gold will move one side so suggestion is to start bot on Asia and London timing and avoid USA time.. I request to Author that give us some idea how this robot make more safe in one side market as its good in sideways market not on trendy market

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Reply from developer Maksim Kononenko 2025.07.29 04:27 #

Thanks for your review!

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171254 2025.06.20 18:39 #

This bot is simple and aggressive, with impressive performance. I advice to use it in combination with a RECOVERY EA, that will be activated when the total DD will reach the selected MAX DD. Many thanks to the Author !!!

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Benjamin Afedzie 2025.06.10 14:41 #

great product

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Reply from developer Maksim Kononenko 2025.07.29 04:27 #

Thanks for your review!

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Larry Zhuo Chen 2025.06.10 09:40 #

this is basically a very good EA. but one thing I don't understand is that when it going to recovery and opened new position. the TP for both option is actually a lose. e.g. first position at 1000 and recovery position at 1005, and both position closing at 1003. that means recovery position TP 2 but initial position SL -3, which makes -1 profit. that's I don't understand. for other EA the TP should always larger than SL

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Lydia Kwarteng 2025.06.07 11:29 #

User didn't leave any comment to the rating

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Reply from developer Maksim Kononenko 2025.07.29 04:27 #

Thanks for your review!

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