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Candelabrum EA

2.22


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 14
krassi2305
617
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
234
Top Forex 2019.04.10 08:59 
 

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

Paul
301
Paul 2020.11.12 00:34 
 

I have used Candelabrum EA since March 2019. During this time, it has undergone a number of code revisions. The Smart Forex Lab team are continually testing and publishing updated set files for supported pairs, to keep pace with the ever changing market conditions. The EA uses reversal candlestick patterns and the Bollinger Bands to determine order entry points. As it works on the H4 timeframe, it employs a medium-term trend trading strategy rather than being a scalping EA. It utilizes Fibonacci Levels to implement a split system, along with a Trailing SL, to lock-in profits. Although it can be used as a 100% algo trading EA, I have found that is is best to continually monitor the open positions, especially during the recent news event driven volatile market conditions.

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Automatic trading advisor, which implements a medium-term trading strategy based on the theory of wave movement of the market Advisor does not use martingale, grid, averaging, scalping The advisor is based on the application of wave analysis to historical data and the search for waves predicting the price movement in the future. Using a longer period of time repeating patterns are searched for. Using a smaller period there is an approximation and interpolation of nodal points and refinement of p
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Filtro:
Paul
301
Paul 2020.11.12 00:34 
 

I have used Candelabrum EA since March 2019. During this time, it has undergone a number of code revisions. The Smart Forex Lab team are continually testing and publishing updated set files for supported pairs, to keep pace with the ever changing market conditions. The EA uses reversal candlestick patterns and the Bollinger Bands to determine order entry points. As it works on the H4 timeframe, it employs a medium-term trend trading strategy rather than being a scalping EA. It utilizes Fibonacci Levels to implement a split system, along with a Trailing SL, to lock-in profits. Although it can be used as a 100% algo trading EA, I have found that is is best to continually monitor the open positions, especially during the recent news event driven volatile market conditions.

kbit0928
287
kbit0928 2020.06.05 14:51 
 

O usuário não deixou nenhum comentário para sua avaliação

Pavel Naimushin
686
Pavel Naimushin 2020.03.02 10:37 
 

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

HENG SHENG TSAI
1916
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
464
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
773
Josef Aigner 2019.08.17 20:09 
 

O usuário não deixou nenhum comentário para sua avaliação

krassi2305
617
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
3087
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
988
Alesamo 2019.04.28 16:24 
 

O usuário não deixou nenhum comentário para sua avaliação

Preeda Boonkhun
2498
Preeda Boonkhun 2019.04.17 10:55 
 

AirOne1
1336
AirOne1 2019.04.10 11:44 
 

O usuário não deixou nenhum comentário para sua avaliação

Top Forex
234
Top Forex 2019.04.10 08:59 
 

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

peronpmt4
1683
peronpmt4 2019.04.07 18:38 
 

O usuário não deixou nenhum comentário para sua avaliação

mlucouw
263
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