Active Candle EA
Active Candle reacts on candlestick formations in EURUSD and equalizes it with current highs and lows of days, weeks and month before to trigger a trade. No martingale, no grid, no hedging, always just one order with StopLoss. As it isn't scalping there's no need for a super fast connection or ecn account, but the spread should be low. The backtest is made with wide spread to simulate slippage.
Active Candle works in M5 charts but the internal strategy relies also on H1, D1, W1 and MN1 charts. Download that data for a correct backtest! Default settings are for EURUSD M5 chart.
Current live signal: https://www.mql5.com/en/signals/586887
After 4 weeks and again after 3 month of trading the first accounts were deactivated by Roboforex.
Timing is a important! Don't forget to set SetUTC (GMT) correctly according to the timezone of your broker! (Info about your timezone is in MS Windows date and time settings - to that number add the amount of hours the clock in mt4 market watch is ahead or subtract if its back)
SetUTC - timezone setting. The default set UTC=2 is used by many brokers.
Auto_Moneymanage: automatic money management can be used
MiniLots: if set to true, auto money management works in steps of 0.01 lot
MaximumRisk: how much % of account free margin is set on risk for each trade
Lots: lot size if automatic money management is disabled
StopLossB: distance of stop loss for buy from order open price in points
StopLossS: distance of stop loss for sell
TakeProfitB: distance from order open price in points where the order is closed for buy orders
TakeProfitS: distance to order open price
HourStart: EA start hour
HourStop: EA stop hour
HrFriStop: hour when the EA stops opening orders on Fridays (disabled set 24)
HrFriClose: to avoid open positions over the weekend, hour when the EA closes open orders on Fridays (disabled if set to 24)
magic: magic number
OrderOpenAlarm: if true, a pop up window and a sound alert inform that an order is opened
EmailAlarm: if true, an email informs
PushAlarm: if true, a push notice informs
Text_Buy: Text in alarm message
Text_Sell: Text in alarm message
Don't activate following settings for live trading, just for testing:
MultiOrders: if set to true the EA may open several orders into the same direction
MaxOrders: sets the max. number of orders in one direction
Hedge: if set to true the EA may open orders into the opposite direction
MultiOrders - if set to true the EA may open several orders into the same direction.
MaxOrders - sets the max. number of orders in one direction.
Hedge - if set to true the EA may open orders into the opposite direction.
There also the max. number of orders in one direction is set by MaxOrders.