Candle EA MT4 v1.70 with SetFiles (Platform build 1440+)

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Candle EA MT4 is an Expert Advisor (EA) that trades based on candlestick pattern recognition to identify market trends. With integrated risk management,
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What is Candle EA MT4?

Candle EA MT4 is an Expert Advisor (EA) that works best on the USDCAD, EURUSD, AUDUSD, and GBPUSD currency pairs and H4, H1, M30 timeframes.
It is widely used and highly effective.

Candle EA MT4
Candle EA MT4

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About the Author

Mansour Babasafary has over 5 years of experience in MQL5. He has developed several famous products, including Dragon Multi EA MT4 and others. Candle EA MT4 is his best-performing product.

The EA Overview
The EA Overview

Features

Pattern-Based Trading: Uses advanced candlestick patterns to detect market trends.

Low-Risk Trading: Applies profit and loss limits.

Multi-Currency Pairs: Optimized for EURUSD, GBPUSD, AUDUSD, and USDCAD.

Time Frames: M30, H1, and H4.

No Martingale or Hedge Strategies Used.

Capital Management: Can be used with low capital and supports multiple strategies.

Candle EA MT4 Review

✅ Starting Balance: $10,000 AUDUSD
✅ Total profit: $11,500,000
✅ Max Drawdown: 2%
✅ Win Rate: 70% – Percentage of trades closed in profit.

 Results
Results

✅ Starting Balance: $10,000 USDCAD
✅ Total profit: $7,200,000
✅ Max Drawdown: 3%
✅ Win Rate: 69% – Percentage of trades closed in profit.

 Results
Results

✅ Starting Balance: $10,000 GBPUSD
✅ Total profit: $11,250,000
✅ Max Drawdown: 2%
✅ Win Rate: 73% – Percentage of trades closed in profit.

 Results
Results
 Results
Results

 

Candle EA MT4 Setting 

Trading platform MetaTrader 4 (MT4)
Currency pairs EURUSD, GBPUSD, USDCAD and AUDUSD
Time frames M30, H1 and H4
Minimum / Recommended deposit $100
Minimum / Recommended leverage 1:50
Product type NoDLL / Fix

User Review

✔ Jean Philippe Groleau (2024.01.20): “with the new update and the martingale option this ea is profitable for me.”

✔ Gidge (2024.01.18): “I have had a positive experience so far. Candle EA has been helpful. looking forward to further positive results. thanks.”

✔ Bauis (2024.01.17): “after running for 2 weeks, the result is good so far, not long enough to said that it 100% good, but so far is good enough, 3 loose and 7 wins in total 10 trade so far. will update after 1 or 2 months running.”

✔ Ribsun (2024.01.16): “I rate 5 star , because this EA doesn’t use risky strategies such as martingale or grid strategy , also it has very low drawdown and it has good profit , so it has all features that a very good EA should have it.”

In the Downloads folder, there are:

1. Experts:

✔ Candle EA MT4 v1.70.ex4

2. Presets:

✔ Candle_EA_1.7_EURUSD.set
✔ Candle_EA_1.7_GBPUSD.set
✔ Candle_EA_1.7_AUDUSD.set
✔ Candle_EA_1.7_USDCAD.set

Conclusion

Candle EA MT4 is an Expert Advisor (EA) that trades based on candlestick pattern recognition to identify market trends. With integrated risk management, including profit and loss limits, this EA ensures a low-risk trading experience without using strategies like Martingale or Hedging.

Optimized for EURUSD, GBPUSD, AUDUSD, and USDCAD currency pairs, it performs best on M30, H1, and H4 timeframes.

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