Candle Scalper EA

4

The Candle Scalper EA is a fully automated Expert Advisor that trades based on price action. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Always a stop loss in place
  • Hedge accounts only
  • All you need is a VPS

Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • StartLotBasedOnBalance - If enabled lots are increased based on the account balance, true/false.
  • StartLotBalance - Account balance per lot increase. Values 200 to 2000.
  • AllowNewTrades - Turn this of to disable new trade groups, true/false.
  • AccountProfitLock - If money MoneyManagement is on and StartLotBasedOnBalance is off the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • PositionComment - Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • StopLoss - The fixed stop loss - Values 25 to 200 depending on the pair being traded.
  • TakeProfit - The invisible take profit. Values from 2 to 20 depending on the pair being traded.
  • TakeProfitCommissionPips - Adjustment of take profit to cover commission costs and improve gain - Values 0.0 to 3.0.
  • RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as entry signal (Setting to 0 disables) - Values 0 to 40.
  • MAPeriod - The RSI Average period used as entry signal - Values 1 to 200.
  • TS - Stop loss distance calculation factor 1 - Values 0.5 to 10.0.
  • TM - Stop loss distance calculation factor 2 - Values 0.5 to 10.0.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingIgnoreEntrySignal - If enabled averaging trades ignore the entry signal, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.
  • TakeProfitStaging - If enabled take profit is reduced depending on the number of positions open, true/false.
  • TakeProfitStaging1PositionCnt - Number of positions before stage 1 take profit is used. Values 1 to 20.
  • TakeProfitStaging1TakeProfit - Take profit in pips for stage 1. Values 0 to 100.
  • TakeProfitStaging2PositionCnt - Number of positions before stage 2 take profit is used. Values 1 to 20.
  • TakeProfitStaging2TakeProfit - Take profit in pips for stage 2. Values 0 to 100.
  • TakeProfitStaging3PositionCnt - Number of positions before stage 3 take profit is used. Values 1 to 20.
  • TakeProfitStaging3TakeProfit - Take profit in pips for stage 3. Values 0 to 100.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, MAPeriod, TS, TM, TakeProfit, StopLoss and AveragingStep are needed to find the best results.

Reviews 3
Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

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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 $330! ) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strat
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DMITRII GRIDASOV
Experts
"SOLO SNIPER PRO" EA is a powerful scalping trading system for MT4 platform! High Win Rate is around 90%! Compound interest risk management is used! M15 timeframe! It is original product which is offered only on this MQL5 website. Use Set_file for testing and trading:  Download EA set_file - Trades are very accurate: around 90%.  - System is NOT using any dangerous methods like grids or martingale. Each order has own SL for account protection. - Implemented compound interest method for lot c
Pro Advanced Multi Scalping EA m
DMITRII GRIDASOV
Experts
PRO ADVANCED MULTI SCALPING EA - is fully automatic multi-pair trading system - very safe with steady growth. This profitable scalping EA is really one of the most stable system on the market at the present time - it takes around 60-90 trades per month.  Download EA Set_files for testing and trading: USDCHF Set_file GBPCHF Set_file GBPCAD Set_file GBPAUD Set_file EURCHF Set_file EURCAD Set_file EURAUD Set_file AUDCAD Set_file Features of EA: - Adjustable Volatility-Adaptive Stop Loss. - Fixe
Dark Algo
Marco Solito
4.67 (69)
Experts
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd and Gbpusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market
EA Gold Stuff
Vasiliy Strukov
4.7 (1090)
Experts
EA Gold Stuff is an Expert Advisor designed specifically for trading gold. The operation is based on opening orders using the Gold Stuff indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend. Real-time results can be viewed  here . Contact me immediately after the purchase to get personal bonus!  You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings  and manual   here  Please note that I do not sell my
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Rodrigo Arana Garcia
5 (5)
Experts
Welcome to Quantum Pips AI, a new generation expert advisor! Only 2/5 copies will be sold at this price. Automatically after that the price will rise to make sure that the performance of the robot is adequate for real accounts. Contact me after purchase and  get a free indicator  (valued at over 65$) Quantum Pips AI is a cutting-edge Expert Advisor meticulously designed to profit from the forex market. This intelligent system uses meticulous analysis of multiple time frames, as well as a diverse
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5 (3)
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AI Games Changer – MultiPair Averaging + Hedge System (Smart Directional Extended) Version: Perfected Interactive UI - MT4 (Patched) Developer: CyberBot Project P R E P A R A T II O N Enter the Games Changer Philosophy: If trading is gambling, embrace it intelligently. By activating up to 20 pairs simultaneously, complementary price patterns create a stable balance point far superior to single-pair reliance. The core principle? More data equals higher winning probabilities.
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Leonid Arkhipov
4.75 (4)
Experts
ORIX System — a trading robot developed specifically for the GBPUSD currency pair on the M5 timeframe. The Expert Advisor is based on price behavior analysis and market structure elements and does not use standard technical indicators. The EA does not use martingale, trading grids, averaging against the market, hedging, opening trades without a stop-loss, or high-frequency or chaotic trading. Live signals Main requirements and recommendations Currency pair: GBPUSD Timeframe: M5 Minimum deposit:
DAX Robot MT4
MQL TOOLS SL
Experts
DAX Robot is an advanced automated trading system developed specifically for the   DAX 40 Index   on the H1 timeframe. Designed to handle the fast paced nature of one of Europe's   most actively traded indices , the robot continuously analyzes market conditions and automatically executes trades based on its built in trading logic. The system focuses on identifying high probability   trading opportunities   by combining trend analysis, market momentum, and volatility based conditions. DAX Robot
EA Black Dragon
Ramil Minniakhmetov
4.75 (567)
Experts
EA Black Dragon runs on the trend indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss. Be careful i not sell EA or sets at telegram it scam. All settings free here at   blog .  IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Real operation monitoring as well as my other products can be found here:  https://www.mql5.com/en/users/mechanic/seller      Inputs Value  ·       
XG Gold Robot MT4
MQL TOOLS SL
4.29 (42)
Experts
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Wonder 1
Mario Baldantoni
Experts
Wonder 1 is part of the Wonder collection, strategies I selected from my own portfolios. It trades AUDJPY on the H1 timeframe using a fuzzy-logic model that reads the monthly and daily price structure. What it is, and what it is not Every trade opens with a fixed Stop Loss and Take Profit. Risk is always defined. No grid, no martingale, no averaging. One position at a time, low margin usage. No neural-network, no AI, no quantum wording. A rule-based system, tested and honest. Nothing to optimize
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Robots4Forex Ltd
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Robots4Forex Ltd
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Robots4Forex Ltd
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Night Lottery EA
Robots4Forex Ltd
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Robots4Forex Ltd
Experts
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Custom EA MT5
Robots4Forex Ltd
Experts
Custom EA – Fully Automated, Highly Customisable Trading Solution Custom EA is a powerful expert advisor (EA) designed for traders who want full control over their trading strategies. It offers extensive customisation options, seamless third-party indicator integration, and multiple entry and exit strategies. Whether you are automating trades, using neural networks for decision-making, or managing multiple accounts, Custom EA provides the flexibility and precision needed for both beginners and e
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AscendCapital
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AscendCapital 2024.02.19 21:15 
 

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Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

[Deleted] 2022.10.20 00:01 
 

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