Market / MetaTrader 5 / Experts /

MangoFX Xmas Candles

2 000 USD

Demo downloaded: 6

Published: 29 April 2026

Current version: 2.20

MangoFX Xmas Candles

Experts
Olisa Chigozie Ufondu
Olisa Chigozie Ufondu
Nigeria

697
1 topic 5 comments
Version: 2.20
Updated: 10 May 2026
Activations: 5

MangoFX XMAS EA is an automated trading robot that identifies trade opportunities using the Xmas Candles indicator method. It operates in two modes:

Standard Mode

· Detects patterns on chart internally

· Opens a Buy trade on the first Lime (bullish) candle following a pattern

· Opens a Sell trade on the first Red (bearish) candle following a pattern

· Sets Stop Loss at the nearest swing high or low

· Sets Take Profit based on your chosen Risk-to-Reward Ratio (RRR)

Simple Opposite Mode (Alternative Strategy)

· Enter on first Lime candle → Hold until a Red candle appears, then close and optionally enter Sell

· Enter on first Red candle → Hold until a Lime candle appears, then close and optionally enter Buy

· Perfect for traders who prefer trend-following with reversal detection

Key Risk Management Features

· Daily, Monthly, and Yearly Profit Targets

· Daily Loss Limits and Account Drawdown Protection

· Include Floating P/L in all limits (toggle on/off)

· Automatic Breakeven SL when price reaches 50% of TP

· Fixed or RRR-based Take Profit

Input Parameters

Parameter Description

EnableBuy - Enable or disable Buy (long) trades

EnableSell - Enable or disable Sell (short) trades

LotSize - Fixed lot size per trade (e.g., 0.1)

MagicNumber - Unique identifier for EA's positions

EA_Comment - Comment text shown on trade tickets

Slippage - Maximum allowed slippage in points

EnableSimpleOppositeMode - Switch between Standard (false) and Simple Opposite (true) modes

RiskRewardRatio - Example: 2.0 = 1:2 risk-to-reward (e.g., 50 pip SL / 100 pip TP)

UseFixedTP - Use fixed TP amount instead of RRR calculation

FixedTP - Fixed TP amount in account currency (0 = disabled)

SwingLookback - Number of candles to look back for swing high/low

WaitForClose - Wait for current position to close before opening new one

MaxPositions - Maximum number of simultaneous positions

MinCandlesBetweenTrades - Minimum candles that must close between trades

MaxDailyProfitAmt - Stop trading for the day after reaching this profit (0=disabled)

MaxMonthlyProfitAmt - Stop trading for the month after reaching this profit (0=disabled)

MaxYearlyProfitAmt - Stop trading for the year after reaching this profit (0=disabled)

MaxDailyLoss - Stop trading for the day after losing this amount (0=disabled)

MaxAccountDrawdown - Stop trading when drawdown % from peak equity is reached (0=disabled)

IncludeFloatingPL - Include floating P/L when calculating profit/loss limits

EnableBreakeven - Move Stop Loss to entry price when price reaches 50% of Take Profit

ShowDisplay Show information panel on chart

DisplayX - X position of info panel (reserved)

DisplayY - Y position of info panel (reserved)

DisplayColor - Text color of info panel (reserved)

more...

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MangoFX Xmas Candles

Olisa Chigozie Ufondu