Candle EA V1.9 MT4 NoDLL

Candle EA V1.9 MT4 NoDLL: A Brief Overview

Strategy

The Candle EA V1.9 MT4 NoDLL is an automated trading system designed for MetaTrader 4. It leverages candlestick patterns to make informed trading decisions. Here are the key points about its strategy:

• Candlestick Patterns: The EA identifies trends and potential reversals by analyzing candlestick patterns in the price action.

Trading Parameters

Timeframes

• Supported Timeframes: M30, H1, H4
  • The EA can be effectively used across these timeframes, allowing flexibility for different trading preferences.

Currency Pairs

• Recommended Currency Pairs:
  • EURUSD
  • GBPUSD
  • AUDUSD
  • USDCAD
  • These pairs have been tested and optimized for the EA’s strategy.

Risk Management

• Minimum Deposit: $100
  • Traders can start with a modest capital investment.
• Minimum Tested Leverage: 50
  • The EA operates within a conservative leverage range.
• Profit and Loss Limits:
  • The EA incorporates both profit and loss limits, ensuring controlled risk exposure.
• Risk Strategies:
  • No Martingale or Hedge:
    • The EA avoids risky strategies like martingale or hedge, promoting stable trading.
• FIFO Compliance:
  • The EA adheres to FIFO (First In, First Out) rules, maintaining order execution consistency.
• Low Capital Suitability:
  • The EA is suitable for traders with low capital, making it accessible to a wide range of investors.

How the EA Takes Trades

1. Candlestick Pattern Recognition:
   • The EA scans price charts for specific candlestick formations.
   • When it identifies relevant patterns (e.g., engulfing, doji, hammer), it triggers trades.
2. Market Orders:
   • The EA executes trades using market orders.
   • It enters positions based on the detected candlestick signals.
3. Averaging Strategy:
   • If a trade initially goes negative, the EA uses averaging to turn it positive.
   • This approach aims to recover unfavorable trades over time.

Download and Connect

• Download Link:
  • You can download the Candle EA V1.9 MT4 NoDLL from our website: https://mahakaryadigital.com/product/candle-ea-v1-9-mt4-nodll/
• Join Our Telegram Group:
  • Stay updated and connect with fellow traders in our Telegram group: https://mahakaryadigital.com

Remember to optimize the EA settings based on your risk tolerance and trading preferences.

📈🤖Happy Trading 📈🤖