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Expert: Candle EA MT4_1.7_1420.ex4 (Unlocked for MT4 Build 1420+), NO MANUAL.
About This Expert Advisor
This Expert Advisor is pattern-based, focusing mainly on candlestick patterns to detect trends and identify profitable trading opportunities. It is designed with low risk in mind, featuring both profit and loss limits to help protect your capital.
The best results come when used on the M30 timeframe, and it works optimally on these currency pairs: EURUSD, GBPUSD, AUDUSD, and USDCAD.
Key Attributes
Works on EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs
Supports M30, H1, and H4 timeframes
Includes profit and loss limits to manage risk
Uses no risky strategies like martingale or hedging
Fully compliant with FIFO rules
Suitable for traders with low capital
Offers various money management strategies
Compatible with proprietary trading firms (prop companies)
Recommended Settings & Broker Info
Minimum Tested Capital: $100
Minimum Tested Leverage: 1:50
Best Brokers: Large, reputable brokers with stable execution
Best Currency Pairs: EURUSD, GBPUSD, AUDUSD, USDCAD
Best Timeframes: M30, H1, H4
Customizable Settings
Magic Number: Assign unique IDs if running multiple EAs simultaneously.
Order Long: Enable or disable buy trades (enabled by default).
Order Short: Enable or disable sell trades (enabled by default).
Comment: Add custom comments to distinguish this EA’s trades.
Risk: Adjust the percentage risk per trade; 2% is recommended for beginners.
Manual Lot Size: Set fixed lot sizes instead of automatic risk-based sizing.
Take Profit: Define your own profit target in points.
Stop Loss: Set your own loss limit in points.
Breakeven Enable: Activate breakeven protection to secure profits once reached.
Breakeven: Define the profit threshold to move stop loss to entry price, minimizing risk.
Max Spread: Avoid trading when spreads exceed a set limit to prevent costly trades.
Frequently Asked Questions
Q: Does this EA comply with FIFO rules?
A: Yes, it fully complies with FIFO regulations.
Q: Can it trade simultaneously on all 4 currency pairs?
A: Yes, it can trade on all supported pairs and timeframes at the same time.
Q: Does it support symbols with prefixes or suffixes like “EURUSD.c” or “Gold.a”?
A: Yes, it automatically recognizes symbols with prefixes or suffixes—no special settings required.
Q: Will the EA be updated regularly?
A: Yes, updates are released every 1–2 months. We welcome user feedback to improve future versions.
Q: Are updates free?
A: Absolutely. Updates are free for all customers who have purchased or rented the EA.
Q: Can this EA be used on other symbols?
A: Yes, but results may vary and are not guaranteed outside the recommended currency pairs.
Q: How many trades does the EA usually make?
A: The number of trades in live trading matches backtesting results. You can check the backtest to estimate your expected trades based on your settings.
Q: Do I need to run the EA 24/7? Should I use a VPS?
A: Running the EA continuously is recommended but not mandatory. Using a VPS is beneficial for uninterrupted trading, but you can run it only when you prefer.
