• Overview
  • Reviews (10)
  • Comments (29)
  • What's new

Magic Candles Free for MT5

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/29342


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 buy 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).
  • 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
Hock Guan Koh
687
Hock Guan Koh 2019.10.24 12:40 
 

thanks for sharing free

Mirko Cerulli
34516
Mirko Cerulli 2019.08.22 19:02 
 

Thanks for share. 5+

my09trend
26
my09trend 2019.02.11 19:15 
 

5 stars \!/

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Filter:
TraderNewbie72
29
TraderNewbie72 2021.04.25 15:36 
 

En mi operativa, solo me sirvió cuatro días. Lo cual es insuficiente para mi valoración, al quinto día el indicador ya no mostraba las señales.

Evgeny Belyaev
299902
Reply from developer Evgeny Belyaev 2021.04.25 18:51
is a demo version, which works only on the AUDUSD currency pair.
lxslxslxs
94
lxslxslxs 2021.03.25 05:44 
 

不错,不错,很好的指标!

MracScts
28
MracScts 2021.03.15 00:49 
 

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. so when you buy? and is a mess after switch cande hight became other color and it's going wrong... or pls, explain it better, otherwise, will be more difficult to buy this producit

Evgeny Belyaev
299902
Reply from developer Evgeny Belyaev 2021.03.16 17:01
There was an error in the description. I fixed it.
"When the candle color changes from gray to green, open a buy order."
Manabu Igarashi
28
Manabu Igarashi 2021.03.06 13:01 
 

Easy to understand!

Valentin Butorin
4009
Valentin Butorin 2020.07.23 15:09 
 

User didn't leave any comment to the rating

Александр Глазунов
74
 

медленно но верно в гору.

are1971
358
are1971 2020.04.27 13:22 
 

User didn't leave any comment to the rating

Hock Guan Koh
687
Hock Guan Koh 2019.10.24 12:40 
 

thanks for sharing free

Mirko Cerulli
34516
Mirko Cerulli 2019.08.22 19:02 
 

Thanks for share. 5+

my09trend
26
my09trend 2019.02.11 19:15 
 

5 stars \!/

Reply to review
Version 5.0 2020.08.09
Update for new builds at the request of the terminal developers: https://www.mql5.com/en/forum/342948
Version 4.0 2020.02.11
Update for MT5 build 2280

Please update your copy to benefit from the latest product improvements.
Version 3.0 2019.12.05
VERSION 3.0:
- Optimized code
- Fixed bug with push when working on large timeframes (D1-MN1)
Version 2.0 2019.06.25
Version 2: fixed bug with push.