What is Candle EA?

Candle EA is an Expert Advisor grounded in pattern recognition, specifically focusing on candlestick patterns to detect trends effectively. With built-in profit and loss limits, it operates with minimal risk exposure. Optimal currency pairs for this expert include EURUSD, GBPUSD, AUDUSD, and USDCAD, while the recommended time frame is M30. Notably, it refrains from utilizing risky strategies such as martingale or hedge, prioritizing stability and consistent performance.

Vendor website: https://www.mql5.com/en/market/product/106426

Original price: $830

ForexEAshop price: $19 (You Save 98%)

Key Takeaways

• Candle EA is a low-risk expert advisor that identifies trends using candlestick patterns and has profit and loss limits for risk management.
• It is best suited for the M30 time frame and works well with currency pairs such as EURUSD, GBPUSD, AUDUSD, and USDCAD.
• The expert advisor can be used with a minimum deposit of $100, without risky strategies like martingale or hedge, and is compliant with FIFO rules.

Candle EA Setting / Feature

• Used on platform: Meta Trader 4
• Currency pairs: EURUSD , GBPUSD , AUDUSD , USDCAD.
• Time frame: M30 , H1 , H4 (the best time frame to use this expert is M30 time frame).
• Minimum Deposit: 100$.
• Minimum tested leverage: 50.
• Has profit limit and loss limit.
• Without using risky strategies like martingale or hedge.
• According to FIFO rules.
• Can be used with low capital.
• Various capital management strategies.
• Can be used in prop companies.

Candle EA Review

Expert Advisor work on pairs AUDUSD, time frame M30 Risk 5%, Max Equity DD: 2%

On USDCAD, time frame M30, risk 5%, Max Equity DD: 3%, Win Rate 69%

On GBPUSD, time frame M30, risk 5%, Max Equity DD: 2%, Max Balance DD: 2%, Win rate 73%

On EURUSD, time frame M30, Risk 5%, Max Equity DD: 1%, Win rate 75%

Signal review link: Click to view

How to install and run the Candle EA Trading Bot in Metatrader 4?

1. Open the Metatrader 4 platform
2. From the top menu, click on “File”
3. Now click on “Open Data Folder”
4. Open the “MQL4” folder
5. Open the “Experts” folder
6. Copy the Candle EA v1.70.ex4 file here
7. Then close and restart the MT4 platform
8. Attach the Expert Advisor to the chart

Now, you are ready to start using the Candle EA MT4 V1.70 Without DLL!

If you have any questions regarding EA installation, you can view the information in the Help Center to assist you in installing the EA: Click to view

Candle EA Download

Link download Candle EA MT4 V1.70 Without DLL will be sent to your email after purchase.

Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

+ Expert Advisor Download :

• Candle EA v1.70.ex4
• Unlimited / NoDLL / Build New
• Free 1 Year Updates (If there is a new update, please check in the download on the forexeashop website or you can contact us via Email or Telegram Lucas Jason and provide proof of purchase, we will send you the update)

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Beginner traders should research and learn about trading before using any EAs.

Please make sure you understand the risks involved with trading and that past performance is no guarantee for future results. (EA could also make losses).

The product does not guarantee profits and demands resilience, patience, and a positive attitude in forex trading.

Before use, please test the EA on a demo account first.

Happy trading!