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Max Candles Power

Often there are trading situations in which the strength of the movement and the possibility of its continuation depends on one or more candles. This EA analyzes candles, determines their strength and volume. Trades when there is a high probability of continuing a trend that has formed a little earlier. Has the ability to use several methods for analyzing the strength of movement by candlelight. It can use both the last closed candle and several (CountCandlesInRow) to enter the trade. It has many settings for analyzing candles and opening deals. Can calculate take profit and stop loss dynamically. It can trade on many currency pairs and timeframes (for more stable transactions, it is better to use timeframes from H1).

Input parameters

  • Lots - lot size;
  • Percentage of free money - percentage of available funds to open each new transaction (if Lots = 0, then the lot will calculate the percentage of available funds in the account), 1-10 is recommended;
  • MinProfitForAutoClose - minimum profit (also depends on the size of the lot) for automatically closing orders with a return signal (0 - do not close trades with an opposite signal);
  • Max spread - the maximum spread for opening a transaction (for accounts with a floating spread, so that the transaction opens when the spread is not too large);
  • Magic - a unique identifier (it is necessary to make it different if several expert advisors are running in the same terminal);
  • StopLoss - stop loss (in points), with a dynamic task, it can be less;
  • TakeProfit - take profit (in points), with a dynamic task, it can be less;
  • TrailingStopValue - value of a simple trailing stop (0 - do not use);
  • Factor dynamic TakeProfit - coefficient of dynamic take profit (0 - do not use);
  • Factor dynamic StopLoss - coefficient of dynamic stop loss (0 - do not use);
  • PowerCandlesMethod - methods for calculating the power of candles;
  • MinimumStrengthForAllMethods - minimum signal strength (number of signals) when all calculation methods are enabled (1-5);
  • CandlesFactor - coefficient for calculating the power of candles (recommended from 0.5 to 5);
  • CountCandles - the number of candles for calculations and finding the average length (recommended from 10 to 100);
  • CountCandlesInRow - the number of candles in a row, where each new one is stronger than the previous one (recommended from 1 to 5);
  • Count volume candles - the number of candles for calculating volumes (recommended from 5 to 100);
  • CandlesVolumeAverage - enable calculation of the average value of volumes;
  • CandlesVolumeFactor - coefficient for calculating the volume of candles;
  • ADXForStrengthPower - ADX indicator period for correction of CandlesFactor coefficients (0 - do not use);
  • ADXPeriodForCalculations - period of the ADX indicator for calculating signal strength;
  • MinADXLevel - the minimum required level of the ADX indicator to open deals;
  • MinHighLow - minimum length (with the exception of the following parameter) of the last closed candle to open a trade;
  • MinHLFactorForADX - calculation coefficient minimum length of the candle, depending on ADX (0 - not used);
  • Hour start place orders - hour according to server time, from which to start trading;
  • Hour stop place orders - hour on server time when to stop opening new deals;
  • FastOptimizationParameter - parameter for fast optimization of the EA. The higher the value, the faster the optimization, but the quality of the trade is worse. For real trading, it is better to set the values ​​to no more than 1;
  • CntHoursForVerificationOrder - the number of hours so that at least 1 transaction is made during the test (for testing and optimization, 0 is off);
  • ProfitToLossRatio - profit to loss ratio (for tests, CntHoursForVerificationOrder should be enabled, 0 - disabled);
  • MaxAllowableLoss - maximum number of losses (for tests, 0 - off);
  • IncLotAfterProfit - increase the lot after a profitable close of the previous transaction;
  • DecLotAfterLoss - decrease the lot after a loss-making close of the previous transaction;
  • MaxLossesCount - the maximum number of losing trades after which to stop trading (0 - not set);
  • CommentToOrders - comment on opening deals;
  • ShowInformation - show information (true - show, false - do not show).

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版本 1.3 2019.10.13
Added parameters for optimizing the EA.
版本 1.1 2019.09.26
Added additional ADX indicator for adjusting the power of candles,
display of candles in different colors when the display of information is turned on.