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Candelabrum EA


Candlestick Patterns & Fibonacci Levels. No dangerous & risky stratrgies.


CANDELABRUM © EA determines pivot points based on candlestick patterns and the Bollinger bands indicator and opens orders in the direction of a new trend. Each order has a specified take profit level and is protected by stop loss. To increase the number of profitable deals, a unique Split system can be used, partially closing an order when it reaches specified levels. For complete risk control, the trading system at the opening of each transaction allows the use of a calculated order volume.

All calculations are carried out as a percentage of the size of the candlestick model using Fibonacci levels.

When working on the recommended periods (H4), the adviser does not require special trading conditions and works with almost any type of accounts.


Description & Presets


Signals


Features
  • No dangerous & risky strategies
  • Relative levels
  • Hard Stoploss & Takeprofit
  • Manual / Risk / Auto volume
  • Split system / Trailing Stop
  • Spread / Time control
  • 2017-2020 99% tick quality optimized


Input parameters
  • Magic - magic number
  • Comment - comment
  • Slippage - max slippage, point
  • Lot Max - max volume of every position, lot
  • Spread Max - max allowed value of the spread for opening / modifying / closing a position, point
  • Range Min - min allowable size of a candle body, point
  • File Name - data storage file name, must be different for each chart, if empty the name will be automatic (path C:\Users\[UserName]\AppData\Roaming\MetaQuotes\Terminal\[Terminal]\MQL5\Files\[filename.bin])
  • Timeframe - timeframe
  • Direction - allowable positions type
    • LongAndShort
    • OnlyLong
    • OnlyShort
  • --- Volume ---
  • Volume Type 
    • LotManual - based on Lot Main
    • LotRisk - based on Factor Risk
    • LotAuto - based on Factor Auto
  • Lot Main - main lot (valid with LotManual / LotAuto), lot
  • Factor Risk - max allowable loss for each position in % of AccountBalance (valid with LotRisk), %
  • Factor Auto - account funds per each Lot Main value, lot = ACCOUNT_MARGIN_FREE / Factor Auto * Lot Main (valid with LotAuto), $
  • --- Levels ---
  • Takeprofit - takeprofit, %
  • Stoploss - stoploss, %
  • --- Time ---
  • Hour Start - hour to open a position, hour
  • Hour End - hour to stop opening a position, hour
  • Hour End Friday - hour to stop opening a position on Friday, hour
  • --- Models ---
  • Model 1 - activate Model 1 (three inside pattern)
  • Model 2 - activate Model 2 (engulfing pattern)
  • Bands Period - Bollinger Bands period
  • --- Active Stoploss ---
  • Stoploss Type
    • Regular - hard stoploss
    • Trailing - trailing stop
      • Trail Start - start level of trailing stop, %
      • Trail Stop - distance of trailing stop, %
  • --- Split ---
  • Split - enable/disable
  • Split Start - start level of Split mode, %
  • Split Step - step of Split mode, %
  • Split Lot - percent of the remaining order volume closed at each step, %
  • --- Graphics ---
  • Color Buy - Buy levels color
  • Color Sell - Sell levels color
  • Display Trades - enable / disable to display the trades


Default settings

  • EURGBP, H4


Recommendations


Follow & Join

Comentários 13
Josef Aigner
787
Josef Aigner 2019.08.17 20:09 
 

This expert detects pivot points properly. You can set the risk easy like professional traders are doing it. Just take care of your broker because they have different H4 opening and closing time which affects to the trades of Candelabrum.

I give five stars because its a wonderful tool if you know how to use it. I personally advice to check every trade. Some of them you need to close immediately and for some other trades better to adjust the sl. The author is responding and gives a good support in his telegram group.

Its not a set and forget ea but for a low price you get a really useful tool. Five stars. Thank you Aleksei!

krassi2305
508
krassi2305 2019.06.03 20:24 
 

Super EA, great author. Of course, not every trade is a winner, but losing is just as much as winning! Thanks and continue to Aleksei!

P.S .: Thank you for the telegram group and the valuable information about each trade!

Top Forex
295
Top Forex 2019.04.10 08:59 
 

Very good product and also they offer a very useful telegram group support

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Price: $499 only 7 of 10 copies left at this price Next price $599 WP EA shows best performance with  IC Markets (click to register)   Live Monitoring #1   https://www.mql5.com/ru/signals/814806 Live Monitoring #2  https://www.mql5.com/en/signals/823039 If you want to test Expert Adviser correctly, please test Metatrader 5 version of product, only MT5 version can be tested correctly in multi pairs mode White Peaks Expert Advisor  is a fully automated night scalper EA, based on machine learning 
499 USD
Friday Monday
Konstantin Kulikov
ONLY 10/20 COPIES AVAILABLE AT 280$ NEXT PRICE -> 380$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to t
280 USD
SFE Bitcoin MT4
Joel Juanpere
The EA use several systems focused on the Bitcoin / USD symbol. The launching price of the EA is 600$ until October 18. After, the price will be 900$ Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Group:   https://t.me/sfecommunity Signal https://www.mql5.com/en/signals/835278   Live setup The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the br
900 USD
Rhino Scalper EA
Evgenii Golovanets
LAUNCH PRICE 299$ 6 of 10 copies left for this price Next price:    $399 Rhino Scalper EA shows best performance with  IC Markets (click to register)   Live signal #1  https://www.mql5.com/ru/signals/843328 Live signal #2  https://www.mql5.com/ru/signals/843361 Rhino Scalper EA  is a fully automated night scalper EA , which implements convenient features to perform portfolio scalping with the ability to widely diversify trading risks. This Forex robot trades one deal at a time, always uses SL t
299 USD
NSP Moses Go NZDCAD
Boris Sklyaruk
Advisor for constant stable income with minimal risks.  The adviser 2 trading strategies. 1 strategy: Trading is based on trend movements, positions are opened based on the strength of the trend and based on the data of two user indicators and trading volumes according to the author’s formula. Series of positions have a common take profit, which is based on the statistics of trend movements of this trading instrument and have a limit on the number and return the swap paid on transacti
250 USD
Battle Scalper
Andrey Kozak
Battle Scalper is a fully automatic trading robot. The default settings are for the GBPUSD currency pair, H1 timeframe. The robot trades on the principle of accumulating a positive balance by opening trades for a short time at the moments of an impulsive market. The robot places pending orders at the supposed support / resistance points and then accompanies the deal if it worked. If the transaction does not work, the robot removes the pending order. Trading recommendations: Currency pair GBPU
749 USD
Open lock
Sergey Likho
The Expert Advisor helps reduce the account drawdown. To do this, the losing deal is split into multiple small parts, each of these parts is closed separately. The EA can interact with other experts. For example, when a certain drawdown is reached, Open Lock can disable the other expert and start working with its orders. Open lock for MetaTrader 5 is available here Methods used by the EA Locking to prevent a drawdown increase Averaging orders used to cover the loss Partial closure to reduce th
299 USD
Prado
Tatyana Kulyapina
PRADO é um consultor especialista em segurança. A estratégia de negociação está em conformidade com as regras FIFO . O depósito mínimo é de 100 dólares. Negociação intradiária de níveis por tendência. Monitoramento: https://www.mql5.com/en/signals/667212 Para testes: período H1 , todos os ticks. Ferramenta USDJPY , os arquivos de configuração podem ser baixados nos comentários, página 4, publicação # 75 A descrição das configurações pode ser encontrada nos comentários, página 6, publicação #109
159 USD
MBfx Neural Adaptive MT4 EA
Max Brown
https://www.mql5.com/en/signals/847522   This EA uses advanced machine learning auto-adapting methods to drive trading performance; methods that have been researched and developed for well over 15 years.   Each FX pair has between five and ten machines learning algorithms driving 20 to 50 algorithmic models per pair.   This is a true Neural Adaptive trading algorithm therefore this EA is formidable and a trading Gem.   It is a prized jewel that has been placed atop my personal treasure hoard of
499.99 USD
Filtro:
kbit0928
297
kbit0928 2020.06.05 14:51 
 

Usuário não fez qualquer comentário quanto a classificação

Pavel Naimushin
679
Pavel Naimushin 2020.03.02 10:37 
 

такое же .... как и остальные его советники.....!!!!!!ни поддержки,ни ответа!!!!не вздумайте покупать......

HENG SHENG TSAI
1782
HENG SHENG TSAI 2020.03.01 01:29 
 

It is a basic sense for a seller to at least inform his customers that the EA is fully automatic or requiring manual intervention. If later, how to intervene? After purchased 2 or 3 of his EAs, I have asked this question a few months ago in telegram, without getting reply. After half-a-year forward testing, this EA Candleabrum (and Traffic too!!) both lost money. The author's signals are not like ours.

Kris Tungkarak
460
Kris Tungkarak 2019.09.12 03:58 
 

This is NOT "Set and Forget" EA, it needs intervention. The signals of this EA is manually managed and not 100% fully automated. If you are looking for fully automated system, this is not it. 1 star because it should mention in the description that this EA needs intervention and you have to follow author's action. Without intervention, this EA will loose money. You might as well just trade manually.

Josef Aigner
787
Josef Aigner 2019.08.17 20:09 
 

This expert detects pivot points properly. You can set the risk easy like professional traders are doing it. Just take care of your broker because they have different H4 opening and closing time which affects to the trades of Candelabrum.

I give five stars because its a wonderful tool if you know how to use it. I personally advice to check every trade. Some of them you need to close immediately and for some other trades better to adjust the sl. The author is responding and gives a good support in his telegram group.

Its not a set and forget ea but for a low price you get a really useful tool. Five stars. Thank you Aleksei!

krassi2305
508
krassi2305 2019.06.03 20:24 
 

Super EA, great author. Of course, not every trade is a winner, but losing is just as much as winning! Thanks and continue to Aleksei!

P.S .: Thank you for the telegram group and the valuable information about each trade!

Alessio Bizzarri
2787
Alessio Bizzarri 2019.05.11 10:15 
 

My trading from Candelabrum EA it's different from signal of autor. Bad experience ..for 2 Mth .!

Alesamo
918
Alesamo 2019.04.28 16:24 
 

Usuário não fez qualquer comentário quanto a classificação

Preeda Boonkhun
2186
Preeda Boonkhun 2019.04.17 10:55 
 

AirOne1
1453
AirOne1 2019.04.10 11:44 
 

The author displays signals to entice buyers, but trades of the signals are manually created. NOT RECOMMENDED.

EA trades very less and if trades, gives BIG LOSSES only

Top Forex
295
Top Forex 2019.04.10 08:59 
 

Very good product and also they offer a very useful telegram group support

peronpmt4
1458
peronpmt4 2019.04.07 18:38 
 

Usuário não fez qualquer comentário quanto a classificação

mlucouw
194
mlucouw 2019.03.31 19:09 
 

I asked the developer if I can get some discount and he blatantly frefused and was EXTREMELY rude to me I would not advice anyone to buy products from him as when selling products online at the very least some customer service is needed which he lacks 100%.

BAD DEVELOPER DO NOT TRUST HIM

Responder ao comentário
Versão 4.0 2020.06.03
data storage
default settings: eurgbp h4
Versão 2.30 2020.02.29
An open position does not close completely with manual partial closure.
Versão 2.0 2019.09.01
Added
- TF: timeframe
- Global Variables
Versão 1.20 2019.04.28
Removed: TimeFrame
Versão 1.10 2019.02.05
Code optimization