• Overview
  • Reviews (10)
  • Comments (7)
  • What's new

Magic Candles FREE

Magic Candles FREE is a new unique product that allows identifying the current market phase (uptrend, downtrend or flat).

This indicator paints bars in different colors depending on the current state of the market and signals the user about trend changes with alerts.

Magic Candles FREE - is a demo version, which works only on the AUDUSD currency pair.

Unlimited version can be purchased here: https://www.mql5.com/en/market/product/25921

Magic Candles is another product of the Magic series: Magic Arrow, Magic Histogram.


Advantages

  • High accuracy of signals.
  • Suitable for scalping and intraday trading.
  • This indicator never repaints.
  • Simple indicator setup, minimum parameters.


How to use the product

When the last candle's color changes from gray to red, open a sell order (see screenshot #1).

When the candle color changes from gray to green, open a sell order.

When a gray bar appears, close the open orders, as the flat is expected.


Parameters

  • Zone BUY - color of buy candles (green by default).
  • Zone SELL - color of sell candles (red by default).
  • Neutral zone - color of flat (gray by default).
  • Body Width - candle body width when displayed on the chart.
  • Shadow Width - candle wick width when displayed on the chart.
  • Alert - enable/disable Alert. If true - enabled, false - disabled.
  • Email - enable/disable sending e-mails. If true - enabled, false - disabled.
  • Push - enable/disable sending messages to the mobile terminal. If true - enabled, false - disabled.


Developer

Evgeny Belyaev - professional programmer and successful trader.

Reviews 10
sanders sanders
52
sanders sanders 2018.04.24 19:19 
 

Excellent indicator of technical analysis. Profit indicator.

alfredca
24
alfredca 2017.10.28 21:00 
 

The best indicator on this website

sunnychow
8659
sunnychow 2018.11.09 16:58 
 

useful tool

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Filter:
Max Ragulan
337
Max Ragulan 2019.08.22 12:28 
 

It did not work for me. Used on AUD/USD

Tim Eubanks
5552
Tim Eubanks 2018.02.27 19:08 
 

Not so good indicator, do not trust for trading!

sunnychow
8659
sunnychow 2018.11.09 16:58 
 

useful tool

Matthew Todorovski
13298
Matthew Todorovski 2018.06.30 13:34 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

sanders sanders
52
sanders sanders 2018.04.24 19:19 
 

Excellent indicator of technical analysis. Profit indicator.

Sergey Zhuravkov
2082
Sergey Zhuravkov 2017.12.08 19:58 
 

Good

Gennadiy Voltornist
12017
Gennadiy Voltornist 2017.11.19 18:20 
 

User didn't leave any comment to the rating

aliagibi
34
aliagibi 2017.11.04 17:52 
 

User didn't leave any comment to the rating

alfredca
24
alfredca 2017.10.28 21:00 
 

The best indicator on this website

Pavel Nikishov
585
Pavel Nikishov 2017.10.24 18:03 
 

Попробовал поторговать на паре AUD/USD по технологии автора индикатора сегодня, показал небольшой плюс, но при подсчёте за последний месяц в среднем торговля по стратегии автора приносит в день около 250 пипсов убытка только на AUD/USD, не включая спреда. Будьте внимательнее в стратегии и не следуйте слепо стратегии автора. На истину не претендую, можете сами всё проверить.

Спасибо, с уважением к вашему труду

Reply to review
Version 4.0 2019.05.11
Fixed bug
Version 3.0 2019.04.03
Optimized calculations.
Version 2.0 2019.01.25
new version