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Candle Trap EA

This EA is built to work using a combination of some indicators together with price action. It makes use of some special candle sequence to enter trades. The strategy exhibits  scalping tendency and hedging characteristics for recovery. If a signal is generated the expert places buy/sell orders with its corresponding hedge order at some calculated distance(pips) away. If signal works as expected, the EA takes profit intelligently by closing these orders at some minimum Profit(automatic). If however, the signal fails, the EA goes into a recovery mode by placing some more orders at calculated levels. It can work on any pair but its best on brokers or pairs with low spreads or transaction cost. 

I recommend an account leverage of at-least 1:200 and above and my preferred time frame is 1 hour and Stoploss of 60pips though its not too important. The expert has undergone successful back testing and forward testing and can be used on real account. For best results, run EA on several pairs say eight or more.

For a $10K account, I recommend using a 0.1 lotsize. Because of the recovery feature included, sustained growth on investment could be achieved. The EA is fortified with lots of controls already automated that makes it very safe and easy to use especially in the recovery mode. The nice part is that there are no tons of parameters to set and worries about magic numbers when using it on multiple currency pairs.

In most cases, the default values set on the parameters is enough to make profitable trades at good draw-down levels.


PARAMETERS:

  • Allow_Trade-  if false, EA won't start trades.
  • Lot_Type-       decides if EA uses Automatic lotsize or fixed lot (baselot).
  • StartLot -        lotsize for starting trades
  • StartHour-      hour at which EA begins to trade if there are no existing positions (broker's server time)
  • EndHour-        hour at which EA ends trading if there are no existing positions (broker's server time)
  • base_lot-        this is the lotsize used by EA if Lot_Type is set to fixedlot
  • ReserveUnits- the divisor used to divide account equity for the autolot calculation. eg. for a 10K account, if ReserveUnit is 10000,  
  •                        EA would start with 0.1 lotsize. If ReserveUnit is 5000 then starting would be 0.2 etc...
  •  Use_minProfit- if true, EA would close all trades at just a small profit in order to restart as it works in recovery mode.
  • ATR_Period-    period/no. of candles to be used by the ATR indicator.


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Mansour Babasafary
5 (2)
Experts
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Elif Kaya
5 (1)
Experts
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Aleksandr Kazmirchuk
5 (4)
Experts
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Lo Thi Mai Loan
Experts
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Mohammadmahdi Sanei
5 (1)
Experts
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Vladislav Andruschenko
5 (2)
Experts
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Ugochukwu Mobi
2.9 (20)
Experts
Bonnitta EA si basa sulla strategia Pending Position (PPS) e su un algoritmo di trading segreto molto avanzato. La strategia di Bonnitta EA è una combinazione di un indicatore personalizzato segreto, linee di tendenza, livelli di supporto e resistenza (Price Action) e il più importante algoritmo di trading segreto sopra menzionato. NON ACQUISTARE UN EA SENZA NESSUN TEST CON SOLDI VERI DI PIÙ DI 3 MESI, MI CI SONO VOLTE PIÙ DI 100 SETTIMANE (PIÙ DI 2 ANNI) PER TESTARE BONNITTA EA CON SOLDI VER
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Yvan Musatov
4 (3)
Experts
Professional trading robot   Albatross : Your reliable assistant in the Forex market Albatross is an innovative trading robot designed to analyze the market using a specialized algorithm. This expert uses advanced methods to assess the strength and amplitude of price movements, which allows it to accurately predict trend reversals and make optimal trading decisions. Benefits of using Albatross Unique analysis algorithm: Albatross analyzes market data for a certain period of time, assessing th
SouthEast
Sugianto
5 (15)
Experts
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Profalgo Limited
5 (2)
Experts
Benvenuti a Indicement! PROP FIRM PRONTO! -> scarica i file del set   qui PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offerta Combo Ultimate     ->     clicca qui UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   LIVE SIGNAL INDICEMENT   mette a frutto i miei 15 anni di esperienza nella creazione di algoritmi di trading professionali per i mercati degli indici. L'EA utilizza un algori
Altri dall’autore
Spd EA
David Binka Kumatse
Experts
THE PRODUCT This Spd Expert is an EA to be used on multiple chosen pairs simultaneously. Every order has a TP and an SL, so there is nothing to fear. You just have to be patient as EA trades to grow your account. After purchasing the EA, you can also message me for my optimized settings.    Recommended TimeFrame is 1H TRADE PLAN Consider a recommended minimum starting capital of $100 and an initial lotsize of 0.01 yielding a minimum profit of $20 over 12 months of trading on a single pair. Then
NiteHorse EA
David Binka Kumatse
Experts
The NiteHorse EA is works like a scalping machine to be used at those quiet market moments of the night. Specifically, its best to let it start work from some 2 or 3 hours to the end of each trading day and end trading before the trading day ends. The time filter uses the server time. (Broker Time). You may need to set/adjust it taking into account your geographic timezone. This is very important in order to get the EA trade during the last few hours of the day and for best results. It is als
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Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.03.26 14:47 
 

L'utente non ha lasciato alcun commento sulla valutazione.

David Binka Kumatse
5490
Risposta dello sviluppatore David Binka Kumatse 2021.03.26 17:19
Hello Miguel, thanks for the compliment.
I believe you are doing fine especially in this pandemic times. I have been busy building tarding systems. I however have good news for you.... The Pro version of the "Candle Trap EA" will be out in about a week from now. It has all issues catered for and has an outstanding performance and stability! Be on the look out to get your copy for a reasonable price !! Regards
Rispondi alla recensione
Versione 4.8 2019.07.31
Bug and error fix for even improved performance; (5M or 15M timeframe)
In this new version you would fine significant features added and the strategy has also been modified to cut down on drawdowns while trading. Most importantly, running EA on smaller time-frame (M5) and with StopLoss of 20 pips for multiple pairs is great!
Versione 4.7 2019.07.30
In this new version you would fine significant features added and the strategy has also been modified to cut down on drawdowns while trading. Most importantly, running smaller time-frame (M5) and with StopLoss of 20 pips is great!