Candle EA

The Candle EA is a fully automated expert advisor that trades based on candlestick patterns, aiming for low-risk trading without using risky strategies like martingale or hedge. It is designed to be used on the EURUSD, GBPUSD, AUDUSD, and USDCAD currency pairs, with the best time frame being M30. The EA has profit and loss limits, making it suitable for traders with a minimum capital of $100 and a leverage of at least 1:50.

Attributes:

• Can be used on EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs
• Can be used on M30, H1, H4 time frames
• Uses candlestick patterns to detect trends
• Low-risk strategy
• FIFO compliant
• Suitable for low capital
• Various capital management strategies
• Suitable for prop companies

Settings:

• Magic Number: Unique identifier for the EA
• Order Long: Enable/disable long (buy) trades
• Order Short: Enable/disable short (sell) trades
• Comment: Comment for trades
• Risk: Risk percentage per trade (2% recommended)
• Set the Lot value manually: Enable/disable manual lot size setting
• Take Profit: Take Profit in points
• Stop Loss: Stop Loss in points
• Breakeven Enable: Enable/disable breakeven function
• Breakeven: Breakeven value in points
• Max Spread: Maximum allowed spread in points

Frequently Asked Questions:

• Does this expert comply with FIFO rules?
  • Yes, this expert is fully compliant with FIFO rules.
• Can this expert trade at the same time in all recommended currency pairs and time frames?
  • Yes, this expert can trade simultaneously in all recommended currency pairs and time frames.
• Does the expert trade with symbols that have suffixes or prefixes?
  • Yes, the expert automatically recognizes the symbol and trades without requiring special settings.
• Will you be updating the expert in the future?
  • Yes, the expert is regularly updated every 1-2 months to fix issues and improve performance.
• Are the updates free?
  • Yes, updates are free for those who have purchased or rented the expert.
• Can this expert be used in other symbols?
  • Yes, the expert can be used in other symbols, but the results may not be as good as the recommended symbols.
• What is the average number of trades?
  • The average number of trades depends on the settings used by the trader and can vary.
• Should the expert be active all the time? Do I need to use VPS?
  • While it’s not necessary to run the expert 24/7, it’s recommended to keep it active during trading hours. Using a VPS can ensure uninterrupted trading.