Raj Candles Level EA
- Experts
- Version: 1.10
- Updated: 30 August 2026
- Activations: 5
Raj Candles Level EA is a chart-pattern trading system built around classical technical analysis — the same triangles, wedges, flags, rectangles, and reversal patterns traders have used for decades, fully automated. It scans every closed candle on your chosen timeframe for pattern formations, draws the pattern boundaries directly on your chart, and enters the moment a genuine breakout or breakdown is confirmed on candle close — no repainting, no guesswork.
The EA detects 4 families of patterns automatically:
- Continuation patterns – Symmetrical, Ascending, Descending & Broadening Triangles, Rising/Falling/Broadening Wedges, Bullish/Bearish Flags & Pennants, Bullish/Bearish Rectangles
- Reversal patterns – Double Top/Bottom, Triple Top/Bottom, Head & Shoulders / Inverted Head & Shoulders
- Advanced reversal patterns – Diamond Top/Bottom
- Curve patterns – Cup & Handle, Rounding Bottom
Every trade is managed automatically — stop loss placed beyond the pattern's structure, take profit set at the pattern's measured-move target, and an optional trailing stop to lock in extended moves.
This EA works on any symbol and any timeframe — pick whichever chart you run it on, since every pattern is read directly from that chart's candles. It includes a session filter and spread filter, so it stays disciplined around illiquid hours and widened spreads.
If you buy the EA, please contact me for further assistance if required.
⚠️ I do not sell my EAs or sets on Telegram — it is only available on MQL5. Please be careful of scammers, and do not buy any bot/EA from anyone claiming to sell it elsewhere.
Settings
General / Identification
- Magic Number – unique ID used to identify this EA's own trades
- One Position At a Time – allow only one open trade at once
- Max Spread (points) – blocks new entries above this spread
Pattern Detection
- Pivot Bars – sensitivity of the swing points used to build each pattern
- Flat Slope Threshold – how "flat" a line must be to count as a flat boundary
- Enable/Disable switches for each pattern family: Triangles/Wedges/Rectangles/Flags/Pennants, Double & Triple Tops/Bottoms, Head & Shoulders, Diamond, Cup & Handle/Rounding Bottom
Pattern Tolerances
- Level Tolerance % – how equal two tops/bottoms must be to count as a match
- Shoulder Tolerance % – how equal head-and-shoulders shoulders must be
- Pole Lookback / Pole Min % – how strong a prior move must be to qualify as a flag/pennant "pole"
Breakout & Risk
- Breakout Buffer (points) – distance beyond the boundary needed to confirm a break
- SL Buffer (points) – extra distance added beyond the pattern extreme for stop loss
- TP Multiplier – multiplies the pattern's measured-move target
- Max Pattern Age (bars) – invalidates a pattern if no breakout occurs in time
Lot Sizing
- Auto Lot (Risk %) or Fixed Lot
Trailing Stop
- Trail Start (points) – profit needed before trailing begins
- Trail Step (points) – distance trailing keeps behind price
Session Filter
- Session Start / End Hour (server time)
Daily Limits
- Daily Profit Target / Daily Loss Limit (account currency, 0 = off)
Visuals
- Draw Patterns on Chart – on/off
- Alert on Detection – prints pattern detections & trades to the Experts log
DISCLAIMER
Trading foreign exchange and CFDs carries a high level of risk. Past performance does not guarantee future results.
Capital preservation remains one of the core principles of the system. Traders are encouraged to use responsible risk management, test the EA on a demo account before trading live, and trade only with capital they can afford to risk.
