Raj Candle 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 time-frame for 19 classic buy/sell reversal patterns, 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.

This EA works on XAUUSD / Gold (3 digit) and any time-frame — 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: The beauty of this EA is that it works on Cent accounts/ USD Account of any broker  (3-digit).
Min Balance:
Cent: 10$ equals to 1000 Cent
USD: Min 1000$

If you buy the EA, please contact me for further assistance if required.

⚠️ 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
    Fixed Lot – lot size used
    Auto Risk % – % of balance risked per trade 

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 – on/off
    Trail Start – profit needed before trailing begins
    Trail Distance – distance trailing keeps behind price

Same-Candle Exit Rule

    Close Profit (USD) – closes a trade on USD
    Force Close At Candle Close – closes a trade at the end

Grid Recovery / Averaging Strategy (optional add-on)

    Enable Grid Strategy – true/false
    Grid Start Lot – starts form 0.01
    Grid Lot Increment – lot additional level
    Grid Max Levels – safety cap in one series
    Grid Basket Profit (USD) – closes the whole open basket together
    Grid Pair Profit (USD) – Close together profit 
    Grid Max Basket Loss (USD) – optional hard stop

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, etc.....

Strategy Enable/Disable — SELL Patterns

    Individual on/off switches for: Hanging Man, Shooting Star, Bearish Engulfing, etc.....

Strategy Enable/Disable — Trend

    Enable Up-Trend / Down-Trend continuation signals
    Trend Confirm Bars – number of consecutive closed bars

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 "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. 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.