Candle Trap EA

This EA is built to work using a combination of some indicators together with price action. It makes use of some special candle sequence to enter trades. The strategy exhibits  scalping tendency and hedging characteristics for recovery. If a signal is generated the expert places buy/sell orders with its corresponding hedge order at some calculated distance(pips) away. If signal works as expected, the EA takes profit intelligently by closing these orders at some minimum Profit(automatic). If however, the signal fails, the EA goes into a recovery mode by placing some more orders at calculated levels. It can work on any pair but its best on brokers or pairs with low spreads or transaction cost. 

I recommend an account leverage of at-least 1:200 and above and my preferred time frame is 1 hour and Stoploss of 60pips though its not too important. The expert has undergone successful back testing and forward testing and can be used on real account. For best results, run EA on several pairs say eight or more.

For a $10K account, I recommend using a 0.1 lotsize. Because of the recovery feature included, sustained growth on investment could be achieved. The EA is fortified with lots of controls already automated that makes it very safe and easy to use especially in the recovery mode. The nice part is that there are no tons of parameters to set and worries about magic numbers when using it on multiple currency pairs.

In most cases, the default values set on the parameters is enough to make profitable trades at good draw-down levels.


PARAMETERS:

  • Allow_Trade-  if false, EA won't start trades.
  • Lot_Type-       decides if EA uses Automatic lotsize or fixed lot (baselot).
  • StartLot -        lotsize for starting trades
  • StartHour-      hour at which EA begins to trade if there are no existing positions (broker's server time)
  • EndHour-        hour at which EA ends trading if there are no existing positions (broker's server time)
  • base_lot-        this is the lotsize used by EA if Lot_Type is set to fixedlot
  • ReserveUnits- the divisor used to divide account equity for the autolot calculation. eg. for a 10K account, if ReserveUnit is 10000,  
  •                        EA would start with 0.1 lotsize. If ReserveUnit is 5000 then starting would be 0.2 etc...
  •  Use_minProfit- if true, EA would close all trades at just a small profit in order to restart as it works in recovery mode.
  • ATR_Period-    period/no. of candles to be used by the ATR indicator.


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Profalgo Limited
5 (4)
Experts
NEW PROMO: Only a few copies copies available at current price Final price: 999$ NEW: From 349$ or higher --> Choose 1 EA for free! (for 2 trade account numbers) Make sure to check out our " Ultimate EA combo package " in our   promo blog ! LIVE SIGNAL Bitcoin Scalp Pro is a unique trading system on the market.  It is fully focused on exploiting the volatility of the Bitcoin market by trading the breakouts of support and resistance levels. The focus of the EA lies on safety, which translates i
Forex GOLD Investor
Lachezar Krastev
4.39 (51)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy Forex GOLD Investor with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330! ) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strat
Forex Diamond EA
Lachezar Krastev
5 (6)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy Forex Diamond EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2379493 Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results us
Wall Street Robot MT4
MQL TOOLS SL
5 (1)
Experts
Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
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David Binka Kumatse
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THE PRODUCT This Spd Expert is an EA to be used on multiple chosen pairs simultaneously. Every order has a TP and an SL, so there is nothing to fear. You just have to be patient as EA trades to grow your account. After purchasing the EA, you can also message me for my optimized settings.    Recommended TimeFrame is 1H TRADE PLAN Consider a recommended minimum starting capital of $100 and an initial lotsize of 0.01 yielding a minimum profit of $20 over 12 months of trading on a single pair. Then
NiteHorse EA
David Binka Kumatse
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The NiteHorse EA is works like a scalping machine to be used at those quiet market moments of the night. Specifically, its best to let it start work from some 2 or 3 hours to the end of each trading day and end trading before the trading day ends. The time filter uses the server time. (Broker Time). You may need to set/adjust it taking into account your geographic timezone. This is very important in order to get the EA trade during the last few hours of the day and for best results. It is also
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Miguel Jimenez Cordero
6779
Miguel Jimenez Cordero 2021.03.26 14:47 
 

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David Binka Kumatse
5486
Reply from developer David Binka Kumatse 2021.03.26 17:19
Hello Miguel, thanks for the compliment.
I believe you are doing fine especially in this pandemic times. I have been busy building tarding systems. I however have good news for you.... The Pro version of the "Candle Trap EA" will be out in about a week from now. It has all issues catered for and has an outstanding performance and stability! Be on the look out to get your copy for a reasonable price !! Regards
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