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Candle Trap EA

This EA is built to work using a combination of some indicators together with price action. It makes use of some special candle sequence to enter trades. The strategy exhibits  scalping tendency and hedging characteristics for recovery. If a signal is generated the expert places buy/sell orders with its corresponding hedge order at some calculated distance(pips) away. If signal works as expected, the EA takes profit intelligently by closing these orders at some minimum Profit(automatic). If however, the signal fails, the EA goes into a recovery mode by placing some more orders at calculated levels. It can work on any pair but its best on brokers or pairs with low spreads or transaction cost. 

I recommend an account leverage of at-least 1:200 and above and my preferred time frame is 1 hour and Stoploss of 60pips though its not too important. The expert has undergone successful back testing and forward testing and can be used on real account. For best results, run EA on several pairs say eight or more.

For a $10K account, I recommend using a 0.1 lotsize. Because of the recovery feature included, sustained growth on investment could be achieved. The EA is fortified with lots of controls already automated that makes it very safe and easy to use especially in the recovery mode. The nice part is that there are no tons of parameters to set and worries about magic numbers when using it on multiple currency pairs.

In most cases, the default values set on the parameters is enough to make profitable trades at good draw-down levels.


PARAMETERS:

  • Allow_Trade-  if false, EA won't start trades.
  • Lot_Type-       decides if EA uses Automatic lotsize or fixed lot (baselot).
  • StartLot -        lotsize for starting trades
  • StartHour-      hour at which EA begins to trade if there are no existing positions (broker's server time)
  • EndHour-        hour at which EA ends trading if there are no existing positions (broker's server time)
  • base_lot-        this is the lotsize used by EA if Lot_Type is set to fixedlot
  • ReserveUnits- the divisor used to divide account equity for the autolot calculation. eg. for a 10K account, if ReserveUnit is 10000,  
  •                        EA would start with 0.1 lotsize. If ReserveUnit is 5000 then starting would be 0.2 etc...
  •  Use_minProfit- if true, EA would close all trades at just a small profit in order to restart as it works in recovery mode.
  • ATR_Period-    period/no. of candles to be used by the ATR indicator.


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⭐   9 copies for $199. ⭐ Next price $249. ⭐ Final price $499. EA Spectr is an automated professional multi-currency expert advisor that designed for long-term profitable trading. The EA continuously controls price movements and makes accurate trades based on market patterns, trend and technical indicators. The Ea contains a flexible news filter, high spread protection, separate time and days trading filters and allows to work with automatic and fixed trading lots. Each Ea trade is covered b
199 USD
Rocket Man
Evgenii Golovanets
Price: $699  Recommended broker Recommended broker №2 Live signal   https://www.mql5.com/en/signals/911160 Telegram channel   https://t.me/rocketman_ea Rocket Man  is a fully automated expert adviser, which implements convenient features to perform multicurrency trading with the ability to widely diversify trading risks. This Forex robot uses just one deal for trading and always use stop loss and take profit to protect capital! Expert never uses dangerous methods of money management, such as ma
499 USD
AW Recovery EA
Alexander Nechaev
Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
145 USD
RSI Divergence Trader
Bogdan Ilie Talpos
================================================================================================ Try the default settings on M5 - EURUSD, EURCAD, EURAUD, AUDNZD; M15 - USDJPY ================================================================================================ Monitoring signal:  https://www.mql5.com/en/signals/747414 ================================================================================================ I believe that the RSI is the best indicator out there and most of th
200 USD
NightVision EA
Alexander Kalinkin
NightVision EA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/ru/signals/author/dvrk78 Recommended FX broker :  IC Marke
349 USD
Market Maker Expert
Oon Kar Lee
1 out of 5 COPIES AT $349 Price will rise to limit the number of users of this powerful ATM machine. Next price $399.  (Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM. MARKET MAKER EXPERT is an highly CUSTOMIZABLE Advanced, fully automated Expert developed to trade on MULTIPAIR MODE ( EURUSD,USDJPY,USDCHF,USDCAD,EURCHF ), by spreading out risks. Expanding Grid is its speciality. It focuses on MAXIMUM PROFIT ABILITY, by opening a large number of orders. Just load on
349 USD
Otros productos de este autor
Adaptive Grid EA
David Binka Kumatse
This trading tool is designed to be used as a grid trading robot but in a rather unique way that I call 'Adaptive Three Layered Grid System'. If you are interested in making consistent gains at moderate risk on the FX market, then this is the best tool. One has to be patient as your account grows.   Operation: 1. Open three different chart windows of the currency pair you wish to trade (eg. GBPUSD) after installing the tool into your mt4 terminal. 2. Attach the tool to the first chart and in the
700 USD
Binka
David Binka Kumatse
This one is actually a personal EA designed to trade all pairs by exploiting the weakness of the markets.  Its strategy includes hedging, trading medium to long term moves to generate continuous profit. Infact its functions are a little out of the  norm but that's okay so long as it bringing in money by way of growing the account at very moderate risk levels. Not much will be put out here...buy once you rent or purchase, I will provide you with the details as to the best way to use the tool.  
1 000 USD
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Versión 4.8 2019.07.31
Bug and error fix for even improved performance; (5M or 15M timeframe)
In this new version you would fine significant features added and the strategy has also been modified to cut down on drawdowns while trading. Most importantly, running EA on smaller time-frame (M5) and with StopLoss of 20 pips for multiple pairs is great!
Versión 4.7 2019.07.30
In this new version you would fine significant features added and the strategy has also been modified to cut down on drawdowns while trading. Most importantly, running smaller time-frame (M5) and with StopLoss of 20 pips is great!