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Candle Scalper EA

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.

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The Market Reversal EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. It draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the reversal.
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Darwin Swing MT4
Guillaume Duportal
5 (10)
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Hunting Cat Scalper
Pak Hong Poon
4.83 (24)
Hunting Cat Scalper is a fully automated trading robot on mainly USDJPY. It well identifies potential breakout levels in certain price patterns and then trades along with the breakouts.  A FREE copy of Superdog Pro is gifted along with the purchase of Hunting Cat Scalper. Contact me for further details and conditions.  Current Price: $699 --> (Next price $799) Live signal: Set B (hedging system):  https://www.mql5.com/en/signals/1097119 Set C (with trailing stop):  https://www.mql5.com/en/signal
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SouthEast
Sugianto
5 (3)
Only 5 copies left.  Next Price 699$ South EAst EA uses virtual trade in determining position entry and does not use indicators,  and it doesn't require complicated settings because user just needs to upload the already available setfile. Currently there are setfiles for 20 fx pairs Signals:   here  | Setfile & EA Explanation:   here  | MT5 version : here Suggested accounts: + Leverage: 500 Needs: + VPS with good internet connection. Expert input: 1. Manage Open Positions + Trade Buy
599 USD
Breakout Beast EA
Dustin Vlok
5 (4)
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224.25 USD
Gold bot with minimum drawdown is a fully automatic gold trading robot. Each trade is accompanied by StopLoss and TakeProfit. The robot trades with a minimum drawdown. Does not use Martingale, grid, hedging and other drawn strategies. The robot analyzes the market, places a pending order, and if the forecast comes true and the deal works, the robot starts to accompany it, constantly monitoring it. We recommend that you do not change the settings for trading on gold. Use the default settings.
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Ultimatum Breakout
Ruslan Pishun
2.17 (6)
Ultimatum Breakout - this trading system uses the strategy of valid breakouts, using multiple custom indicators for eliminating bad signals. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. The EA is fully adapted: calculates the spread — for pending orders, stop loss, trailing stop, breakeven. It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing. No Martingale. No arbi
120 USD
Faith scalping
Van Thinh Nguyen
5 (3)
Faith scalping is smart trading system. Orders are always controlled with fixed stoploss and take profit to ensure trader safety.  Faith scalping is an advanced robotic scale analysis system that uses intelligent opening and closing algorithms with sophisticated filtering methods to identify only the safest entry points during market calm. This is a system that we developed many years ago, continuously upgrading until it is completed and put into commercial use. incorporates all the latest inno
220 USD
The Au Golden Restorer Expert Advisor is an upgraded version of the iconic Au Gold, with a logarithmic spiral of cycles. The Au Golden Restorer Expert Advisor uses ten-day alpha and beta cycles, as well as "Fan Type" analysis with grid trading. With careful analysis of all strategies, Au Golden Restorer makes trading decisions, to make trades. Despite the fact that the advisor uses grid trading, the combination of all the strategies gives amazing results in real trading. For a more detailed desc
599 USD
Fundamental Trader
Sara Sabaghi
5 (12)
Ziwox Fundamental Trader BLACK FRIDAY: 50% DISCONT > OLD PRICE 390$ > NOW 195$ Ziwox Fundamental trader is a trading assistant that helps financial markets traders reach smart decisions informed by the EA information data. This EA uses online sources to catch necessary information like the fundamental bias of currencies, Sentiment of retail traders ratio on a pair, Bank and institute forecast, COT report data, and other data in a complex EA pannel. Briefly, It's an integrated forex data so
195 USD
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Complex Chaos EA
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Extreme Breakout EA
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Bollinger Fading EA
WebTech Media Ltd
The Bollinger Fading EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the H1 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 c
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Trend Venom EA
WebTech Media Ltd
The Trend Venom EA is a fully automated Expert Advisor that trades based on Moving Average and RSI signals. 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 concentr
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Aeon
WebTech Media Ltd
Aeon is a fully automated Expert Advisor that trades multiple currencies. The EA trades using market orders and uses averaging to turn otherwise negative trades positive. This EA works best on 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
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The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in
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Night Lottery EA MT4
WebTech Media Ltd
4.6 (5)
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://w
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Night Lottery EA
WebTech Media Ltd
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. 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. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/r
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The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings. View More
30 USD
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Version 1.5 2020.01.06
Added CloseAllButtons & StopLossType options.
Version 1.4 2019.07.09
Added tick value check.
Version 1.3 2019.07.09
Fixed lower account balance than StartLotBalance causing AveragingMultiplier not to function.
Version 1.2 2019.07.08
Removed unnecessary position modification after first trade open.