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Candles Power

4.5

This adviser analyzes the candles, determines their strength and volume. It trades when there is a high probability of continuing a trend that has formed a little earlier (based on several candles, the number of which is adjustable). Has the ability to use several methods for analyzing the strength of movement by candlelight. Many options are customizable.

Input parameters

  • Lots - lot size;
  • MinProfitForAutoClose - automatic closing of a transaction upon a return signal when the profit in points exceeds this value (0 - do not use automatic closing of transactions, they will be closed only by take profit or stop loss).
  • Max spread - the maximum spread for opening a transaction (for accounts with a floating spread, so that the transaction opens when the spread is not too large);
  • Magic - a unique identifier (it is necessary to make it different if several expert advisors are running in the same terminal);
  • StopLoss - stop loss (in points), with a dynamic task, it can be less;
  • TakeProfit - take profit (in points), with a dynamic task, it can be less;
  • Factor dynamic TakeProfit - coefficient of dynamic take profit (0 - do not use);
  • Factor dynamic StopLoss - coefficient of dynamic stop loss (0 - do not use);
  • PowerCandlesMethod - methods for calculating the power of candles;
  • MinimumStrengthForAllMethods - minimum signal strength (number of signals) when all calculation methods are enabled (1-5);
  • CandlesFactor - coefficient for calculating the power of candles (recommended from 0.5 to 5);
  • CountCandles - the number of candles for calculations and finding the average length (recommended from 10 to 100);
  • CountCandlesInRow - the number of candles in a row, where each new one is stronger than the previous one (recommended from 1 to 5);
  • Count volume candles - the number of candles for calculating volumes (recommended from 5 to 100);
  • CandlesVolumeAverage - enable calculation of the average value of volumes;
  • CandlesVolumeFactor - coefficient for calculating the volume of candles;
  • ADXForStrengthPower - ADX indicator period for correction of CandlesFactor coefficients (0 - do not use);
  • ADXPeriodForCalculations - period of the ADX indicator for calculating signal strength;
  • MinADXLevel - the minimum required level of the ADX indicator to open deals;
  • MinHighLow - minimum length (with the exception of the following parameter) of the last closed candle to open a trade;
  • MinHLFactorForADX - calculation coefficient minimum length of the candle, depending on ADX (0 - not used);
  • FastOptimizationParameter - parameter for fast optimization of the EA. The higher the value, the faster the optimization, but the quality of the trade is worse. For real trading, it is better to set the values ​​to no more than 1;
  • ProfitToLossRatio - profit to loss ratio (during testing);
  • MaxLossesCount - the maximum number of losing trades after which to stop trading (0 - not set);
  • CommentToOrders - comment on opening deals;
  • ShowInformation - show information (true - show, false - do not show).
This EA can only trade on the H1 timeframe, for trading on different timeframes, use the Max Candles Power Expert Advisor, which also implements other useful functions (for example, trailing stop, automatic lot determination, depending on the percentage of money in the account, customizable hours for trade):  https://www.mql5.com/en/market/product/42154


Reviews 3
MattyTrading
2312
MattyTrading 2023.11.20 18:12 
 

Excelente EA muy buen TRABAJO .GRACIAS

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.21 10:21 
 

Good job.

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EA Black Dragon
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4.78 (475)
EA Black Dragon runs on the Black Dragon 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. 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  ·          Open new series – True/False – EA will open another series of orders (enable/d
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Fully automated trading system. A classic indicator is used as signals   MACD , which combines a trend indicator with an oscillator to detect entry points. Uses averaging, the function of closing the first and last basket orders and the function of automatic lot calculation. Has an advanced dashboard and three types of notifications. Problem solving ->   HERE  / MT5 version ->  HERE   /   Instruction  ->   HERE   Benefits: Fully automated trading system Easy setup and intuitive panel interface
Btcusd Grid
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BTCUSD GRID EA is an automated program designed to use the grid trading strategy BTCUSD GRID EA is highly useful for beginners and experienced traders alike. While there are other types of trading bots you can use, the logical nature of the grid trading strategy makes it easy for crypto grid trading bots to perform automated trading without issues. BTCUSD GRID EA is the overall best platform to use if you're looking to try out a grid trading bot. BTCUSD GRID EA is highly effective for the cryp
This EA was once our internally used premium EA, now offered to everyone after adaptive improvements. It utilizes stable time zone patterns, generates orders almost daily with a very high win rate, and is particularly suitable for clients with lower capital. Backtesting using MT5's "Every tick based on real ticks" mode yields results highly similar to live trading, no adjustments and showing long-term stability, indicating a mature strategy. However, everything has two sides. This EA's strategy
TopBottomEA
lizhi fu
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TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
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This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato
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Doji Finder MT5
Alexander Nikolaev
The Expert Advisor identifies Doji candles on the chart and opens trades when they appear (if they meet the specified parameters). In addition, the EA can also trade with the Engulfing candles. It can display the candles it is trading on, it also shows how the signal candle is set up. The exact settings of the signal candles can be changed and optimized. Also, the Expert Advisor has settings for additional indicators for filtering trade entries and can analyze trading volumes, so that, for exam
This EA trades with the trend using several methods to identify and enter a trade. For example, it uses trendlines, Gator and Stochastic indicators to analyze the market. In addition to trading, it can also display trend lines that it trades based on. It has filters for ADX and MA indicators, as well as a sufficient number of settings to be able to optimize on various currency pairs and timeframes. The EA sets stop loss and take profit for each trade, does not have risky trading methods. It i
Trailing stop for advisors
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The utility manages other EAs' orders as well as the ones opened manually. It is capable of trailing the price (trailing stop function), set a stop loss and take profit if they have not been set before. When configuring the utility for an EA having no trailing stop function, place it to the new window with the same currency pair specifying the same Magic value (as for the EA orders the stop loss is to be applied to). You can set any timeframe. It does not affect the utility operation. Set Magic
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Alexander Nikolaev
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The demo version of the Colored Candles indicator - calculates the parameters of each candle, as well as its volume. After that, it paints the candles depending on their strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indicator helps to analyze the price movement, as well as market entry points. The more accurate signals are formed on the higher
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Volume Candles
Alexander Nikolaev
Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
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agrushev777
2328
agrushev777 2024.02.19 21:00 
 

User didn't leave any comment to the rating

MattyTrading
2312
MattyTrading 2023.11.20 18:12 
 

Excelente EA muy buen TRABAJO .GRACIAS

Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.21 10:21 
 

Good job.

Reply to review
Version 1.1 2019.10.12
Added MinProfitForAutoClose parameter - automatic closing of a transaction upon a return signal when the profit in points exceeds this value (0 - do not use automatic closing of transactions, they will be closed only by take profit or stop loss).