Candle Trader - expert for MetaTrader 4

Candle Trader – EA MetaTrader 4

by

Candle Trader EA trades according to the low/high price of the candle of the previous day,has Trailing Stop Loss &Take Profit, works best on H4 and daily time frame major forex pairs and stocks NASDAQ.

Try it on demo first.

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

Inputs

    •  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
    •  TP_In_Money- Take Profit In Money   (values: 10-100).
    • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
    • TP_In_Percent- Take Profit In Percent (values: 10-100).
    • ————[Money Trailing Stop For Multiple Trades]———————-
    • Enable_Trailing-Enable_Trailing with money  (values:true/false).
    • Take Profit In Money (in current currency) (values: 25-200).
    • Stop Loss In Money(in current currency) (values: 1-20).
    • ————————————————————————————–
    • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
    • tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
    • Lots – Lots size (values: 0.01-1).
    • Lots size Exponent  (values: 1.01-2).
    • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
    • Stop_Loss – Stop Loss (values: 30-500).  /set value 600 for  Multiple Trades
    • MagicNumber – Magic number (values: 1-100000).
    • TakeProfit – Take Profit (values: 50-200).  /set value 600 for  Multiple Trades
    • FastMA – Fast Moving Average (values: 1-20).
    • SlowMA – Slow Moving Average (values: 50-200).
    •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
    •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
    • ———————CONTROL DRAW DOWN—————————–
    • UseEquityStop –  (values:true/false).
    • TotalEquityRisk- (values: 0.01-20).
    • ——————————————————————————-
    • Max_Trades(1-12). 
    • FractalNum= Number Of High And Low(values: 1-10).
    • —————-IF YOU USE ONLY 1 TRADE:———————–
    • /////////////////////////////////////////////////////////////////////
    • USETRAILINGSTOP-If use trailing stop (values:true/false).
    • WHENTOTRAIL-When to trail (values: 40-100).
    • TRAILAMOUNT-Trail amount (values: 40-100).
    • Distance From Candle -Distance From Candle (values: 1-100).
    • USECANDELTRAIL=If use trailing stop (values:true/false).
    • X=2-number of candles (values: 1-100).
    • USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
    • WHENTOMOVETOBE-When to move break even (values: 1-30).
    • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
    • ////////////////////////////////////////////////////////////////////////

You need to optimize this EA once  a week and use the exact same  inputs from above .

You can use it as  hedging grid EA or a single trade EA.

    Candle Trader – expert for MetaTrader 4
    📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

    Similar MetaTrader Trading Tools: