Candlesticks Trading EA
Type: Expert Advisor (EA) – Fully automated Forex Robot for MetaTrader 4
Strategy: Simplest trading algorithm based on same direction candle patterns
Time-Frame: M15 to H1
Capital: Minimum $50 with 0.01 Lot size for single pair
Symbols To Trade: Any Forex pair, Metals (Gold, Silver), Stocks, Commodities, Cryptos, etc.
Features: Multipair compatible. Lot size adjustments. Stop loss and Take profit adjustment
63 in stock (can be backordered)
63 in stock (can be backordered)
Simple Forex Ea
Easy Trading Algorithm
This is probably simplest, candlesticks direction entry point based simple forex EA. During lot of testing of Forex EA Robots, this Candlesticks Trading EA has proven* that this system can actually work, because it does not use any indicators to enter the market, so there is no latency at all. It gets the latest market direction information by looking at the last currency pair candles pattern. If the last one was down – the position will be sell, if up – buy. And so on, until the target is reached!
More about CandleSticks EA
This Forex strategy robot can trade fully automated, you just need to set it up, put it on your favorite currency pair chart, choose the time frame you like and wait for the result. It has compact, but fully adjustable EA properties control. It is a great tool start for beginners to jump into auto trading. If you don’t know how to set up this EA, don’t worry – there is one .set file included.
You can use this simple forex ea robot on different forex pairs such as EUR/USD, GBP/JPY, USD/CAD, and other pairs at the same time. We recommend you trade with very low spreads as it’s more beneficial when you trade with them. That depends on choosing good broker. This is important because for auto trading your broker must accept all strategy types and offer best speed and spreads.
The robot do not have any limitations on time frames or any pairs. You can open multiple orders at the same time with different time frames or pairs by separating robots with different magic numbers.
How It Works
It may look to easy and simple, but together with our special money management improvements it does pretty good job. It simply tracks the chart’s candlestick types and enters the market accordingly.
Every version of our software is able to trade with any time frame and any currencies pairs as well as stocks, metals etc.. All EA’s can even trade multiple pairs at the same time separated by magic number.
EA Entry rules are very simple, the algorithm just follows the chart’s candles pattern. If the last candle is Bearish EA will go SELL, if Bullish it will enter BUY.
Risk management
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