Simple Candle Trader

🧠 SimpleCandleTrader MT4 EA

SimpleCandleTrader MT4 EA is an Expert Advisor for the MetaTrader 4 platform that opens trades on each new candle based on the direction of the previous one.

Trading logic:

  • If the previous candle was bullish (close > open), the EA opens a Buy order.

  • If the previous candle was bearish (close < open), it opens a Sell order.

Each new position automatically closes the previous one, ensuring that only one trade is active at any time.

⚙️ Input Parameters:

  • LotSize — fixed lot size

  • Slippage — allowed price slippage

  • MagicNumber — unique identifier for orders

The EA does not use indicators, grids, martingale, averaging, SL or TP. Its behavior is fully deterministic and based solely on candle direction.

⚠️ Disclaimer

SimpleCandleTrader MT4 EA is provided for educational and demonstration purposes only. It does not constitute investment advice or guarantee any profits. Trading in financial markets involves risk. The user assumes full responsibility for using this software.

💬 Support and Feedback

If you have any questions, issues, or suggestions for improving the EA, feel free to contact me via private message on MQL5.
Your feedback is always welcome — especially ideas for development and future updates.

t.me/algotradinglab_club


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SuperNova HFT, un EA di trading progettato per operare in High-Frequency Trading (HFT), valutazioni e sfide impostate dalle società di trading proprietarie (prop firms). Dopo aver acquistato l'EA una volta, puoi poi usarlo un numero illimitato di volte per superare le sfide di oltre 10 supporti HFT Pro Firms. IN OFFERTA A $99 PER UN TEMPO LIMITATO SuperNova HFT può raggiungere gli obiettivi delle sfide in un lasso di tempo molto breve. SuperNova HFT è specializzato in mercati ad alta volatil
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Valeriia Mishchenko
4.38 (53)
EA has a  live track record  with many months of stable trading with  low drawdown : All Pairs 9 Pairs Night Hunter Pro is the advanced scalping system which utilizes smart entry/exit algorithms with sophisticated filtering methods to identify only the safest entry points during calm periods of the market. This system is focused on a long-term stable growth . It is a professional tool developed by me years ago that is constantly updated, incorporating all the latest innovations in the trading a
Golden Mirage mt4
Michela Russo
5 (7)
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
Aussie Loonie EA MT4
MQL TOOLS SL
5 (2)
Aussie Loonie EA is a professional trading system developed exclusively for the   AUDCAD   currency pair. This cross pair is widely recognized for its stable and technical behavior, which makes it particularly attractive for traders who prefer structured and predictable market conditions rather than extreme volatility and sudden price spikes. By focusing solely on AUDCAD, the system is able to   adapt precisely   to the specific characteristics, rhythm and movement patterns of this pair. The EA
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Ramil Minniakhmetov
4.11 (56)
L'EA Trend Ai è progettato per funzionare con l'indicatore Trend Ai, che eseguirà la propria analisi di mercato combinando l'identificazione del trend con punti di ingresso e avvisi di inversione attivabili, e acquisirà tutti i segnali dell'indicatore in modo completamente automatico! L'EA contiene una serie di parametri esterni completamente regolabili che consentono al trader di personalizzare l'expert in base alle proprie preferenze. Non appena appare il punto verde, l'EA si preparerà per u
Gold Safe MT4 EA
Anton Zverev
5 (1)
Segnale in diretta:   https://www.mql5.com/en/users/varkotechnologies/seller Versione MT5:   https://www.mql5.com/en/market/product/164203 Tempistiche:       M1 Coppia di valute:       XAUUSD Varko Technologies   non è un'azienda, è una filosofia di libertà. Sono interessato a una collaborazione a lungo termine e alla costruzione di una solida reputazione. Il mio obiettivo è migliorare e ottimizzare costantemente il prodotto per adattarlo alle mutevoli condizioni di mercato. Gold Safe EA    
Algo Gold EA Premium
Stuart James Winter
Progettato appositamente per le sfide delle aziende di oggetti di scena e i conti delle aziende di oggetti di scena dal vivo, l'Algo Gold Premium Expert Advisor funziona come un robot scalping, impiegando una strategia innovativa a basso rischio. Se dotato di un setfile scelto, questo consulente esperto completa in modo efficiente una sfida aziendale entro una settimana, consentendo la rapida acquisizione di un conto finanziato. Con un solido sistema di gestione del rischio in atto, l'EA inte
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PinBar Hunter MT4 EA
Dmitrijs Ivanajevs
Description: PinBar Hunter MT4 EA PinBar Hunter MT4 EA is an expert advisor for MetaTrader 4 based on the classic Price Action strategy: trading entries based on pin bar patterns. The EA identifies potential reversal candles (Pin Bars) and executes trades according to defined filters and risk management parameters. It is powered by the custom PinBar Hunter MT4 indicator , which visually displays signals on the chart. Buyers of the EA can request this indicator for free — just send me a priv
TUMA MT4 light
Dmitrijs Ivanajevs
TUMA MT4 Light Indicator A simple and convenient indicator for tracking the crossing of two moving averages (EMA). A lightweight interface right on the chart allows you to quickly change the periods of both MAs without opening the settings window. Main Features: Display of two EMAs on the chart. Easy parameter editing directly on the chart. Signal arrows when MAs cross: BUY (green arrow up) SELL (red arrow down) Information block with the latest signal and parameters. ️ Input Paramet
FREE
PinBar Hunter MT4
Dmitrijs Ivanajevs
PinBar Hunter – Smart Pin Bar Indicator with Built-in Control Panel and Signal Filters PinBar Hunter is a powerful tool for technical traders that automatically detects classic Pin Bar patterns (reversal candles) on the chart. It’s designed for price action strategies, candlestick analysis, and trading around key support/resistance levels. Indicator Features: Detects classic Pin Bars (reversal candlestick patterns) Works on any timeframe and instrument Suitable for trend-following an
Support & Resistance Hunter MT4 Support & Resistance Hunter MT4 automatically builds key support and resistance zones based on the Parabolic SAR. The indicator detects breakouts, flips (role reversal of a level), and locks frozen zones after a double breakout. Suitable for chart analysis on any timeframe and instrument. Settings General LookbackBars (0) — number of bars to analyze. 0 = full history. MaxZones (0) — maximum number of zones to display. 0 = all zones. ExtendBars (0) — numb
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