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Candle Scalper EA

4.5

The Candle Scalper EA is a fully automated Expert Advisor that trades based on price action. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Not sensitive to spread
  • Always a stop loss in place
  • Hedge accounts only
  • All you need is a VPS

Input Settings

Order Settings

  • MagicOrderNumber - Unique number for the EA to identify its trades. Any integer.
  • Lots - Number of lots for the first trade in a group. Values from 0.01 to 50.0.
  • Slippage - Slippage in pips. Values from 1 to 10.
  • MoneyManagement - If turned on trade lot sizes are calculated on account risk, true/false.
  • MoneyManagementRisk - Risk per trade if money management is on. Values from 0.01 to 0.1.
  • StartLotBasedOnBalance - If enabled lots are increased based on the account balance, true/false.
  • StartLotBalance - Account balance per lot increase. Values 200 to 2000.
  • AllowNewTrades - Turn this of to disable new trade groups, true/false.
  • AccountProfitLock - If money MoneyManagement is on and StartLotBasedOnBalance is off the EA will stop trading if the account balance drops to this fraction of the maximum account balance (0.5 = 50% of account balance). Values from 0.0 to 1.0.
  • PositionComment - Allows you to set the position comment.

Entry Settings

  • TimeFrame - Timeframe drop-down selection to lock EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • StopLoss - The fixed stop loss - Values 25 to 200 depending on the pair being traded.
  • TakeProfit - The invisible take profit. Values from 2 to 20 depending on the pair being traded.
  • TakeProfitCommissionPips - Adjustment of take profit to cover commission costs and improve gain - Values 0.0 to 3.0.
  • RSIPeriod - The RSI period used as entry signal - Values 1 to 40.
  • RSIThreshold - The RSI threshold used as entry signal (Setting to 0 disables) - Values 0 to 40.
  • MAPeriod - The RSI Average period used as entry signal - Values 1 to 200.
  • TS - Stop loss distance calculation factor 1 - Values 0.5 to 10.0.
  • TM - Stop loss distance calculation factor 2 - Values 0.5 to 10.0.
  • Averaging - If turned on averaging is used to recover negative trades, true/false.
  • AveragingIgnoreEntrySignal - If enabled averaging trades ignore the entry signal, true/false.
  • AveragingStep - The negative move in pips against the current trade to trigger the next averaging trade. Values 5 to 100.
  • AveragingMultiplier - The lot multiplier for averaging trades. Values 1.0 to 2.0.
  • TakeProfitStaging - If enabled take profit is reduced depending on the number of positions open, true/false.
  • TakeProfitStaging1PositionCnt - Number of positions before stage 1 take profit is used. Values 1 to 20.
  • TakeProfitStaging1TakeProfit - Take profit in pips for stage 1. Values 0 to 100.
  • TakeProfitStaging2PositionCnt - Number of positions before stage 2 take profit is used. Values 1 to 20.
  • TakeProfitStaging2TakeProfit - Take profit in pips for stage 2. Values 0 to 100.
  • TakeProfitStaging3PositionCnt - Number of positions before stage 3 take profit is used. Values 1 to 20.
  • TakeProfitStaging3TakeProfit - Take profit in pips for stage 3. Values 0 to 100.

Optimization & Defaults

Default input values are for EURUSD M5. If optimizing, optimization of RSIPeriod, RSIThreshold, MAPeriod, TS, TM, TakeProfit, StopLoss and AveragingStep are needed to find the best results.

리뷰 3
Aleksandr Agrushev
2443
Aleksandr Agrushev 2024.02.19 21:15 
 

"Adjusted to fit my strategy and activated it to use 1% of the deposit, so far everything is to my liking. You can observe the results in my profile. I use a large number of advisors, including paid ones. Thanks to the author for the excellent work!"

Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

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5 (2)
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Lo Thi Mai Loan
5 (1)
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Profalgo Limited
4.44 (16)
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LEE SAMSON
5 (2)
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Bogdan Ion Puscasu
4.77 (78)
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Thi Thu Ha Hoang
5 (12)
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Stanislav Tomilov
4.25 (4)
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Denis Kurnev
5 (1)
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Ho Tuan Thang
4.94 (114)
ONLY 3 COPIES OUT OF 10 LEFT AT $99! After that, the price will be raised to $199. HFT  Propfirm Challenge Performance Monitor(Starting from $200) Account Number:  66668979 Server: ICmarketsSC-Demo06 Password: quantumhft1 You will get BONUS  worth $399 after you pass the HFT Prop Firm challenge round Quantum HFT Prop Firm is the EA is designed to pass the competition of HFT Prop Firms.  Please be aware that this Expert Advisor (EA) should not be used with a real account. Its sole pur
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Profalgo Limited
5 (5)
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4.6 (20)
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4.89 (19)
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GoldPulse AI
Babak Alamdar
백테스트가 아닌 실제 거래 시스템을 구매하세요: Live Signal 1     Live Signal 2 이 가격은 프로모션 기간 동안 일시적이며 곧 인상될 예정입니다 최종 가격: 5000 $ 매주 금요일마다 가격이 인상됩니다 Welcome to the GoldPulse AI Hey, I'm GoldPulse AI! 이것은 XAUUSD, XAUEUR, XAUGBP, XAUAUD, XAUJPY, XAUCHF, XAUSGD 및 XAUCNH와 같은 전체 쌍으로 금 또는 XAU를 거래하는 최초의 가장 똑똑한 로봇입니다! 매일매일 뉴스를 확인하며 기술적, 근본적, 감성적 확인이 있는 기회라면 무엇이든 활용합니다! 돈은 참을성 없는 상인의 주머니에서 환자의 주머니로 나올 것입니다! 이 시장에서 당신은 똑똑한 사람들과 경쟁하게 될 것입니다! 그들은 당신의 돈을 얻으려고 하고, 당신도 그들의 돈을 얻으려고 합니다! 가장 정확하고 적극적인 시장분석으로 최선을 다하겠습니다! 행운을 빌
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Vasiliy Strukov
4.76 (945)
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Chen Jia Qi
5 (6)
Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
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Inrexea Limited
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5 (2)
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Robots4Forex Ltd
4 (2)
The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. Please no
FREE
Night Lottery EA MT4
Robots4Forex Ltd
4.6 (5)
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://w
Wave Scalper EA
Robots4Forex Ltd
2.2 (5)
The Wave Scalper EA is fully automated scalping system that uses price action to identify good scalping trades and executes them with an invisible trailing stop loss. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management which works well on most pairs, but predominantly GBPUSD, USDCAD, EURUSD, AUDUSD & USDJPY. Plea
FREE
The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more
FREE
Dollar Yen Trader EA
Robots4Forex Ltd
2.33 (3)
The USDJPY Trader EA is an automated trend following system that is always in the market and trades using sell stop and buy stop orders with trailing stop losses to capture large movements in the market. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management and will work on any pair but works best on USDJPY M15. Vi
FREE
Complex Chaos EA
Robots4Forex Ltd
The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in
FREE
RMI Scalper EA MT4
Robots4Forex Ltd
1 (1)
The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. Please no
FREE
Night Scalper EA Lite
Robots4Forex Ltd
2.33 (3)
The Night Scalper EA Lite is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and has the option to use time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimiz
FREE
The Wave Scalper EA is fully automated scalping system that uses price action to identify good scalping trades and executes them with an invisible trailing stop loss. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management which works well on most pairs, but predominantly GBPUSD, USDCAD, EURUSD, AUDUSD & USDJPY. Plea
FREE
The Bollinger Fading EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the H1 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I c
FREE
Rapid Reaper EA MT4
Robots4Forex Ltd
3 (2)
The Rapid Reaper EA is a fully automated hybrid averaging EA that trades in sequences of lot increase and multiplication on both sides of the book. The system trades using market orders with take profits set across trade groups. This EA will work on any pair but works best on GBPUSD and USDCAD on the M5 timeframe. A VPS is advisable when trading with this EA. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more
FREE
Aeon
Robots4Forex Ltd
Aeon is a fully automated Expert Advisor that trades multiple currencies. The EA trades using market orders and uses averaging to turn otherwise negative trades positive. This EA works best on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will
FREE
Prospector Scalper EA MT4
Robots4Forex Ltd
1 (1)
The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more
FREE
Night Lottery EA Lite MT4
Robots4Forex Ltd
4.17 (6)
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://www
FREE
Trend Venom EA
Robots4Forex Ltd
The Trend Venom EA is a fully automated Expert Advisor that trades based on Moving Average and RSI signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentr
FREE
Extreme Breakout EA Lite
Robots4Forex Ltd
3.75 (4)
The Extreme Breakout EA Lite is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA Lite trades using pending orders and has the option to enter using market orders if required. Lite version is limited to 0.01 lots without money management. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex
FREE
Complex Chaos EA MT4
Robots4Forex Ltd
1 (1)
The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in
FREE
Currency Strength Breakout
Robots4Forex Ltd
3 (1)
The Currency Strength Breakout indicator monitors eight currencies across M1, M5, M15, M30 & H1 time frames all in the same window. Trade the strongest currency against the weakest with alerts for pullbacks giving you the opertunity to enter the trend. Please note: I have made the decision to give this Indicator away and many more for free with limited support so that I can concentrate on Custom EA. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring
FREE
Extreme Breakout EA MT4
Robots4Forex Ltd
4.5 (2)
The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive
Custom EA
Robots4Forex Ltd
4.67 (6)
Custom EA is a fully automated trading system designed to be customized to your specification in order to create unique trading strategies. This expertly coded EA is suitable for traders of all levels, from beginners to experienced traders. You can start trading using the built-in preset strategies or create your own using the fully customizable features. Custom EA uses an LSTM neural network with self-training capabilities to ensure the best performance. In addition, there are multiple preset s
The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive
Night Lottery EA
Robots4Forex Ltd
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/r
The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings. View More
Custom EA MT5
Robots4Forex Ltd
Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
필터:
Aleksandr Agrushev
2443
Aleksandr Agrushev 2024.02.19 21:15 
 

"Adjusted to fit my strategy and activated it to use 1% of the deposit, so far everything is to my liking. You can observe the results in my profile. I use a large number of advisors, including paid ones. Thanks to the author for the excellent work!"

Viking2766
14
Viking2766 2024.01.24 14:16 
 

Der Scalper hat noch keinen Trade gemacht. Bin ein wenig enttäuscht.

[삭제] 2022.10.20 00:01 
 

사용자가 평가에 대한 코멘트를 남기지 않았습니다

리뷰 답변
버전 1.5 2020.01.06
Added CloseAllButtons & StopLossType options.
버전 1.4 2019.07.09
Added tick value check.
버전 1.3 2019.07.09
Fixed lower account balance than StartLotBalance causing AveragingMultiplier not to function.
버전 1.2 2019.07.08
Removed unnecessary position modification after first trade open.