• Overview
  • Reviews (5)
  • Comments (20)
  • 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 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).
  • 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 5
Hock Guan Koh
675
Hock Guan Koh 2019.10.24 12:40 
 

thanks for sharing free

Mirko Cerulli
34517
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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This indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading .  For instance  this product .  You can find more information about the content and location of the text file in the  blog . Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and
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Blahtech Supply Demand MT5
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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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AnyProfile MT5
Evgeny Shevtsov
The indicator displays market profiles of any duration in any place on the chart. Simply create a rectangle on the chart and this rectangle will be automatically filled by the profile. Change the size of the rectangle or move it - the profile will automatically follow the changes. Operation features You can manage the indicator using the buttons on the chart and the edit boxes for entering parameters. The settings are saved for each timeframe separately. The upper right corner of the chart win
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List swap MT4
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The List swap is an indicator for the MetaTrader 4 platform, which allows to display swaps for all symbols (available in the Market Watch). When using the free demo version, you need to remember that the Strategy Tester of the MetaTrader 4 does not provide the ability to obtain data on other symbols. In the Strategy Tester, the swap information will be displayed only for the symbol the indicator is attached to. The indicator can be useful for traders utilizing the "Carry trade" strategy, as well
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Volatility Pro
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The Volatility Pro is a professional indicator for the MetaTrader 4 platform This indicator can be used to calculate the volatility using two methods. It is also possible to apply a moving average to the volatility histogram. This indicator allows to easily identify the bars with high volatility, and it will also be useful for traders who trade the volatility breakouts. By purchasing this indicator, you will receive: Excellent indicator signals. Free product support. Regular updates. Unique in
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Prestige
Evgeny Belyaev
Prestige is a highly customizable trading robot for the MetaTrader 4. The EA is based on three popular indicators: RSI, CCI and Momentum. This trend-following robot makes deals only in the direction of the main trend. It also uses the trailing stop in trading, thus allowing to reduce the losses and to secure all gained profit on the account. All my developments:  https://www.mql5.com/en/users/genino/seller Parameters Indicator - indicator to be used for opening positions (RSI, CCI, Momentum). Pe
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Exclusive Trend
Evgeny Belyaev
Exclusive Trend is a trend indicator that can be used for scalping, as well as intraday trading. Exclusive Trend is another product of the Exclusive series, which includes Exclusive Scalper , Exclusive Trendline , Exclusive Average , Exclusive Stairs . Advantage of indicator: Generates minimum false signals. Perfect for scalping. Simple and easy indicator configuration. Recommendations on usage It is recommended to use the indicator during session movements to reduce the likelihood of fallin
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my09trend
26
my09trend 2019.02.11 19:15 
 

5 stars \!/

Mirko Cerulli
34517
Mirko Cerulli 2019.08.22 19:02 
 

Thanks for share. 5+

Hock Guan Koh
675
Hock Guan Koh 2019.10.24 12:40 
 

thanks for sharing free

are1971
295
are1971 2020.04.27 13:22 
 

User didn't leave any comment to the rating

Valentin Butorin
3875
Valentin Butorin 2020.07.23 15:09 
 

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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.