CandleTrendGuard EA

CandleTrendGuard EA
Version: 1.00

CandleTrendGuard EA is a robust, fully automated trading system for MetaTrader 5 that combines trend-following strategies with advanced candlestick pattern recognition to generate high-probability trade setups. This EA is designed to offer traders a precise, risk-managed, and fully autonomous trading solution.

Key Features:

1. Dual Moving Averages Strategy:
   CandleTrendGuard uses two customizable moving averages to identify trend direction. These averages help filter trades in the direction of the overall market trend, maximizing the chances of successful entries.

2. Candlestick Pattern Detection:
   The EA identifies major candlestick reversal patterns, including Three White Soldiers and Three Black Crows, which further confirm the trade signals, providing additional layers of accuracy.

3. Dynamic Lot Sizing & Risk Management:
   The EA incorporates a dynamic lot sizing algorithm based on user-defined risk percentages, ensuring that risk remains proportional to account size. The larger the account size, the faster profits can be generated due to the dynamic lot sizing feature.

4. Customizable Cooldown Period:
   A customizable cooldown period between trades is implemented to avoid overtrading and market noise. However, it is recommended to leave the default settings for optimal performance.

5. Trailing Stop Loss:
   CandleTrendGuard includes a trailing stop mechanism that automatically adjusts as the market moves in favor of the trade, helping to lock in profits.

6. Optimized Performance on Top 3 Pairs:

   During the testing period from 01/01/2024 to 11/10/2024, CandleTrendGuard EA delivered strong performance on the following pairs:

   • USDNOK:

     • Profit factor: 10.25
     • Profit: 579,468.24
     • Drawdown: 5.32%
     • Total trades: 1,350

   • XAUJPY:

     • Profit factor: 4.04
     • Profit: 2,240,777.05
     • Drawdown: 1.93%
     • Total trades: 3,266

   • XAUUSD:

     • Profit factor: 2.72
     • Profit: 2,734,423.74
     • Drawdown: 4.76%
     • Total trades: 3,549

Important Notes:

• The smaller the account size, the longer it may take to generate profits, but as the account size increases, profits accelerate due to the dynamic lot sizing employed by the EA.

User-Configurable Inputs:

• Moving Average Periods for trend filtering.
• Risk Percentage for dynamic lot sizing.
• Cooldown Period to control the frequency of trades.
• Stop Loss and Trailing Stop for risk management.
• Slippage tolerance for precise order execution.

Compatibility:

CandleTrendGuard EA is highly versatile and works well on multiple assets, but it performs best on USDNOK, XAUJPY, and XAUUSD for optimal results. It is recommended to run the EA on the 1-minute timeframe for optimal performance.