Active Candle EA

Active Candle EA

Active Candle EA is being triggered from candlestick formations in the EURUSD pair and equalizes it with current highs and lows of days, weeks and month before to trigger a trade. No martingale, no grid, no hedging, always just one order with StopLoss. As it isn’t scalping there’s no need for a super fast connection or ecn account, but the spreads should be low.

Quick statistics

active candle eaClick on the chart to see live trading results

Active Candle EA description

Active Candle EA works in M5 time frame but it also uses the H1, D1, W1 and MN1 charts. Download that tick data for a correct backtest!  Default settings are for EURUSD M5 chart.

Timing is a important! Don't forget to set SetUTC (GMT) correctly according to the timezone of your broker! (Info about your timezone is in MS Windows date and time settings - to that number add the amount of hours the clock in mt4 market watch is ahead or subtract if its back).

Drawdown

0-10%

Monthly gain

0-5%

Strategy type

Trend

Reviews

There are no reviews yet.

Quick statistics
NameActive Candle EA
TypeTrend
Leverage1:400 or higher
Time frameMultiple
Lot sizeVariable
Stop lossYes
Trailing stopYes
Min account size$3000
IndicatorsNo
Currency pairEURUSD
Demo testingNo
Projected* annual profit50%
Projected *max DD5%

*estimated by EA developer

To trade the Active Candle EA you can open your free broker account by clicking the button.