The Candle MT4
- Experts
- How Si Xiang
- Version: 1.0
- Activations: 10
THE CANDLE -- is a multicurrency strategy that I have spent the past few months "perfecting" it. When I say perfecting -- I didn't mean in the way where I tweak the strategy so it fits into the data I have, that when I run backtests with the strategy it gives me favorable results but, more of adding new risk management measures so that the strategy can recover losing positions effectively. Nor did I add manual positions at any point of time to recover losing positions as well.
In fact, it is not possible to backtest this strategy because backtests only work on single pairs, but I am offering you something better!
Just look at the screenshots attached below... These are two accounts using The Candle strategy, with different approach. T61000 trades on 6 pairs on a $1,000 account, while T41000 trades on 4 pairs on a $1,000 account.
I would like to draw your attention to these: Growth, Weeks, Expert Advisors, Win% and Drawdown.
- Growth: T6 grew 20% while T4 grew 15% (in 8 trading days).
- Weeks: Though it is only recorded 2 weeks, I have been testing and tweaking the strategy for months. 2 weeks trading on new accounts so that it reflects actual figures.
- Expert Advisors: 100% managed by the Expert Advisor/Strategy. No intervention in between.
- Win %: With a win rate close to 80%, it is really really decent.
- Drawdown: So far highest recorded 10% on T6.
With the above numbers, backed by the time spent working and perfecting The Candle, I believe it is now time to share The Candle with you.
- T61000 Signal: https://www.mql5.com/en/signals/2266180
- T41000 Signal: https://www.mql5.com/en/signals/2266179
- MT5 Version: https://www.mql5.com/en/market/product/125994
NOTE: Remember to send us a DM/PM once you've completed the purchase so that we can help you set up The Candle.
WHAT'S NEW?
Everything! The concept behind it is new, the approach is new, the setup is new, in fact, now I can sleep with The Candle trading -- that's really new. For the first time in so long, I could just let go, and let the strategy do its work... Expert Advisor 100%!
- Account Size: Recommended $1,000, but you "could" push it on a $500 account with T4, BUT just because so far the Drawdown only hit 10% on a $1,000 account, that is -$100, it doesn't mean that it will, or won't hit more than 10%, right? The Market is unpredictable, especially with High Impact News.
- Trading Pairs: You "could" do with $100 per pair, that is with manual trading. With an expert advisor, $300 per pair. The Candle trades on a minimum of 4 pairs. But because of the approach The Candle was based on, that's what makes trading on a $1,000 account possible.
- The Approach: The Candle is based on hedging and averaging -- that is how it reduces and mitigates risks of being caught and trapped in a losing basket/session. The idea behind The Candle is scalping, so what the strategy looks at is ideally high consistency profitable trades -- Close to 80% win rate!
- Stronger Historical Data: The Candle strategy draws information and makes informed trade decisions from multiple timeframes (highest used is 8-hour), using 4 indicators.
- Adaptive: Almost AI! The Candle adapts to market conditions AND resistant to volatile markets.
- Account Priority: Though The Candle trades on a maximum 6 pairs, but, it looks at the account rather than the respective pairs.
THE SETUP
The Candle works like this...
- Account Size: $1,000
- TimeFrame: M5
- T6 Pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD
- T4 Pairs: EURUSD, GBPUSD, USDJPY, USDCHF
- Note: Remember to run each pair on a different Magic Number.
- Change the TF to 1 Hour for "AI1: Range" Indicator
