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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4.35 (84)
Expert Advisor, kârsız pozisyonları kurtarmak için tasarlanmış bir sistemdir.   Yazarın algoritması kaybeden bir pozisyonu kilitler, onu birçok ayrı parçaya böler ve her birini ayrı ayrı kapatır. Kolay kurulum, düşüş durumunda gecikmeli başlatma, kilitleme, diğer Uzman Danışmanları devre dışı bırakma, trend filtreleme ile ortalama alma ve kaybedilen bir pozisyonun kısmi kapanması tek bir araçta yerleşiktir. Sadece tüm gruplarda siparişleri kapatan şebeke stratejilerinin aksine, kayıplarla daha g
GOLD Scalper PRO
Lachezar Krastev
4.48 (25)
ULTIMATE SALE! Get GOLD Scalper PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270! Don't Miss!) Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tra
Pattie Grid Pro
Patrick Jeannot
4.64 (11)
Pattie Grid Pro EA  is a fully automatic expert advisor using the very accurate strategy for both initial and grid orders. The EA can trade any currency pairs with one preset that provides high diversification and smooth growth of equity. In spite of using grids the EA is designed to long-term trading with minimal risk.  The robot independently opens positions, manages them and closes them in parts, creating an efficient order grid that adapts to changing market conditions.   Requirements Minima
Range Breakout EA MT4
BM Trading GmbH
5 (2)
Unlike many other programs in the mql5 market this is a REAL day trading strategy. It does not use any martingale or grid functionalities and follows a logical concept. The Range Breakout Expert Advisor can be used to trade time ranges. The market often finds its direction in the morning hours and then follows this trend for the day. This expert advisor is designed to trade these trends after the morning breakout. Still you can trade all sorts of time breakouts with this program.  I use the stra
Saints Row Aggressive Scalper, volatil piyasalarda hızlı işlem, keskin girişler ve tutarlı performans talep eden traderlar için geliştirilmiş bir yüksek frekanslı işlem (HFT) Uzman Danışmanıdır. Özellikle XAUUSD (Altın) ve USTEC (NASDAQ) için tasarlanan bu EA, hassas ve agresif bir scalping yaklaşımı kullanarak hızlı fiyat hareketlerinden yararlanmak üzere tasarlanmıştır. Likidite ve volatilitenin optimal işlem koşulları yarattığı New York işlem seansı sırasında olağanüstü performans gösterir.
Forex GOLD Investor
Lachezar Krastev
4.47 (51)
ULTIMATE SALE! Get Forex GOLD Investor with a huge –60% discount ! Special Ultimate Price: $217 (Regular Price: $547 — You Save $330!) Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strategy, the second system has time based dependency which opens up to 2 trades at a time and the third system is based on breakout strategy. It has been t
XIRO Robot MT4
MQL TOOLS SL
5 (5)
XIRO Robot is a   professional trading system   created to operate on two of the most popular and liquid instruments on the market:  GBPUSD,  XAUUSD and BTCUSD . We combined two proven and well tested systems, enhanced them with multiple new improvements, optimizations and additional protective mechanisms, and integrated everything into one advanced and unified solution. As a result of this development process, XIRO Robot was created. Robot was designed for traders who are looking for a reliable
Gold Emas MT4
Ebrahim Mohamed Ahmed Maiyas
An advanced Expert Advisor powered by artificial intelligence and machine learning, specifically designed for analyzing Gold (XAU/USD). It adapts to price movements and market fluctuations to detect potential trading opportunities. Discounted price   . The price will increase by $50 with every 5 purchases. No Risky Strategies   –   Does not use martingale or grid methods Artificial Intelligence Integration: At the heart of this EA les a sophisticated AI engine capable of recognizing complex pat
TopBottomEA
lizhi fu
4.51 (39)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
EA Sweet Dreams
Vasiliy Strukov
5 (1)
EA Sweet Dreams, kendi geliştirdiğim göstergeye dayalı, trend takip eden bir işlem sistemidir. Martingale grid stratejisini izler. Bu EA, herhangi bir döviz çifti ve herhangi bir zaman dilimi için uygundur, ancak özellikle M15 zaman diliminde XAUUSD gibi güçlü trend gösteren enstrümanlarda olağanüstü performans gösterir. Gerçek zamanlı sonuçlar burada   görüntülenebilir. Kişisel bonus almak için satın alma işleminden hemen sonra benimle iletişime geçin! Ayarlar ve kullanım kılavuzu   burada   AY
Gold Buster
Agus Santoso
MT4 Versiyonu : https://www.mql5.com/en/market/product/102622 MT5 Versiyonu : https://www.mql5.com/en/market/product/102624 "Gold Buster" EA ile tanışın: Yeni Nesil Dinamik Destek-Direnç ve Risk Yönetim Sistemi "Gold Buster" EA, finansal piyasalarda destek ve direnç seviyelerinin nasıl tanımlanıp kullanıldığını yeniden tanımlamak için açık pozisyon yönetimi ve risk analizi teknolojisindeki en son gelişmelerden yararlanarak otomatik ticaret sistemlerinin en son noktasını temsil eder. Bu devrim
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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 – 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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