Raj Candles Pattern EA

Raj Candles Pattern EA is a multi-strategy price-action trading system built around pure candlestick pattern recognition. It scans every closed candle on your chosen timeframe for 19 classic buy/sell reversal patterns (Bullish/Bearish Engulfing, Hammer, Inverted Hammer, Piercing Line, Morning/Evening Star, Three White Soldiers/Black Crows, Tweezer Tops/Bottoms, Harami, Doji variants, Dark Cloud Cover, Shrinking Candles, and more), a Trend-Continuation module that rides confirmed up/down runs, and a Support/Resistance Rejection module that buys bounces off support and sells rejections off resistance — then manages every trade automatically from entry to exit.

For traders who don't want a losing trade closed at a loss, Raj Candles Pattern EA also includes an optional Grid Recovery / Averaging engine: instead of force-closing a losing trade at candle close, it can add a bigger averaging order on each following candle (but only while the last order placed is still running at a loss), and bank profit either by closing the whole open basket together or by closing just the oldest+newest pair, letting the mid-levels keep running for a bigger win.

This EA works on XAUUSD / Gold (2 & 3 digit) and any timeframe — pick whichever chart you run it on, since every pattern, trend, and support/resistance check reads directly from that chart's candles. It includes a built-in high/medium-impact news filter and a spread filter, so it stays flat around volatile news releases and widened spreads.

Note:

1. The beauty of this EA is that it works on Cent accounts of any broker (2-digit / 3-digit).
2. EA cannot be run on default settings, prior placing the bot into the chart, need to be back-tested and create a set files (guidance will be given)

3. Set files for particular Broker can be provided by the Adviser. *(which needs to be tested on demo by purchaser before going on live)

4. At present EA running on live Exness Cent account, M15 time-frame, equity 50 $ equals to 5000 cent.

*If you buy the EA, Immediately contact me for further assistance prior going on live*.

⚠️ I do not sell my EAs or sets on Telegram — it is only available on MQL5. Please be careful of scammers, and do not buy any bot/EA from anyone claiming to sell it elsewhere.

Settings

Timeframe & Identification

• Timeframe – the chart timeframe used for pattern detection and entries (independent of the chart it's attached to)
• Magic Number – unique ID used to identify this EA's own trades

Lot Sizing

• Lot Mode – Fixed or Auto (risk-% based)
• Fixed Lot – lot size used when Lot Mode = Fixed
• Auto Risk % – % of balance risked per trade when Lot Mode = Auto (requires Stop Loss pips > 0)

Spread / Slippage Filters

• Min/Max Spread (points) – blocks new entries outside this spread range
• Min/Max Slippage (points) – deviation tolerance used when sending orders

Take Profit / Stop Loss

• Take Profit (pips) – 0 = off
• Stop Loss (pips) – 0 = off

Trailing Stop

• Trail Mode – Off / Pips / USD
• Trail Start – profit needed before trailing begins
• Trail Distance – distance trailing keeps behind price

Same-Candle Exit Rule

• Close Profit (USD) – closes a trade once floating profit reaches this amount
• Force Close At Candle Close – closes a trade at the end of its entry candle if not already closed

Grid Recovery / Averaging Strategy (optional add-on)

• Enable Grid Strategy – true/false, turns the recovery engine on for new trades
• Grid Start Lot – Level 1 lot size
• Grid Lot Increment – lot added on each additional level (Level 2 = start + 1× increment, etc.)
• Grid Max Levels – safety cap on how many levels can be stacked in one series
• Grid Basket Profit (USD) – closes the whole open basket together once its combined profit reaches this
• Grid Pair Profit (USD) – closes just the oldest + newest order together once their combined profit reaches this, leaving mid-levels open
• Grid Max Basket Loss (USD) – optional hard stop that force-closes a whole series if it goes too far against you (0 = off)

News Filter

• Use News Filter – true/false
• Stop Minutes Before High-Impact News
• Stop Minutes Before Medium-Impact News

Strategy Enable/Disable — BUY Patterns

• Individual on/off switches for: Bullish Engulfing, Hammer, Inverted Hammer, Piercing Line, Morning Star, Three White Soldiers, Tweezer Bottoms, Bullish Harami, Bullish Doji

Strategy Enable/Disable — SELL Patterns

• Individual on/off switches for: Hanging Man, Shooting Star, Bearish Engulfing, Evening Star, Three Black Crows, Tweezer Top, Dark Cloud Cover, Shrinking Candles, Gravestone Doji, Bearish Harami

Strategy Enable/Disable — Trend

• Enable Up-Trend / Down-Trend continuation signals
• Trend Confirm Bars – number of consecutive closed bars required to confirm a trend

Strategy Enable/Disable — Support / Resistance

• Enable Support Bounce (buy) / Resistance Rejection (sell)
• SR Lookback Bars – bars scanned to find the level
• SR Tolerance (pips) – max distance from the level that still counts as a "touch"  

DISCLAIMER

Trading foreign exchange and CFDs carries a high level of risk. Past performance does not guarantee future results.

Capital preservation remains one of the core principles of the system/Bot. Traders are encouraged to use responsible risk management, test the EA on a demo account before trading live, and trade only with capital they can afford to risk.

Happy Trading