Candlestix.mq4 - Expert Advisor for Proven Forex Trading Results

Unlock consistent profits with Candlestix.mq4, the advanced Forex Robot meticulously crafted for optimal trading performance. This Expert Advisor (EA) leverages cutting-edge algorithms to navigate the dynamic currency markets, ensuring precision and profitability.

Maximize your trading potential with Candlestix.mq4:

- Experience automated trading at its finest
- Boost your Forex trading efficiency
- Achieve superior results with a proven Forex EA
- Enhance your trading strategy with Candlestix.mq4
- Tested on LQDFX and FXOpen, Candlestix.mq4 adapts seamlessly to various market conditions. Elevate your trading experience and explore new - heights in the Forex market with this reliable and robust EA.

Don't miss out on the opportunity to revolutionize your trading journey—install Candlestix.mq4 today and witness the difference!

Elevate Your Trading with Candlestix!

Candlestix is a robust Expert Advisor (EA) designed to enhance your MT4 trading experience. It's built to utilize price action and pivot points, aiming to capitalize on significant market movements. The EA cleverly combines bar pattern analysis and pivot level considerations, making it adept at recognizing potential buy and sell opportunities. By analyzing previous bar lows and highs relative to pivot points, Candlestix identifies optimal entry points for both long and short positions.

How this EA works:

Trading Strategy: Candlestix operates by analyzing the close of the previous two bars in relation to their respective highs and lows, coupled with pivot point calculations. It targets bar patterns that indicate a strong trend reversal or continuation.
Order Execution: When the EA identifies a suitable trading signal, it automatically executes either a buy or sell order, depending on the detected pattern and pivot point position.
Money Management: Candlestix incorporates two types of money management strategies. Users can choose either a fixed lot size or a dynamic lot size based on a percentage of the account balance, allowing for tailored risk management.
Trailing Stop and Stop Loss: The EA includes options for both a trailing stop and a fixed stop loss, providing a mechanism to protect gains and limit losses.

Setup Guidance:

Download the mq4 file of Candlestix EA.
Place it in the 'Experts' folder of your MT4 terminal.
Restart MT4 and find Candlestix in the 'Navigator' panel under 'Expert Advisors'.
Drag it to the desired chart or double-click to activate.
Adjust the settings in the input window as per your trading strategy.

Adjustable Parameters:

ProfitTarget: The number of pips to trail your position with. This is a target for taking profits.
TrailingStop: The distance in pips for the trailing stop. This helps manage risk by adjusting the stop-loss order as the market moves.
Lots: The size of the trade in lot units.
MagicNumber: A unique identifier for trades managed by this script, allowing it to distinguish its trades from others.
Slippage: The maximum slippage allowed in pips. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed.
UseNoTradeDay: A boolean value to enable or disable trading on a specific day of the week.
NoTradeDay: The specific day of the week when trading is disabled if UseNoTradeDay is true.
Volume: The volume of trades.
UseTrailingStop: A boolean value to enable or disable the use of a trailing stop.
StopLoss: The stop-loss value in pips.
TrailingStopType: Determines the type of trailing stop. Type 1 moves the stop loss immediately, while Type 2 waits until the value of the trailing stop is reached.
SignalCandle: Set to 1 to get the candle close, 0 for the current candle.
UseMoneyManagement: A boolean value to enable or disable money management controls.
MM_Type: The type of money management to use.
MMRisk: The risk factor for Money Management type 1.
LossMax: The maximum loss by 1 lot for Money Management type 1.
AccountIsMini: A boolean value indicating if the trading account is a mini account.
TradeSizePercent: The percent of equity risked per trade for Money Management type 2.
MaxLots: The maximum lot size.
GMT_Offset: The GMT offset for the trading server.
UseTradingHours: A boolean value to enable or disable trading based on specific hours.
TradeAsianMarket, TradeEuropeanMarket, TradeNewYorkMarket: Booleans to enable or disable trading during the Asian, European, and New York market hours, respectively.
StartHour1, StopHour1, StartHour2, StopHour2, StartHour3, StopHour3: The start and stop hours for trading in the respective markets.

Suggested setup:

ProfitTarget: 50
TrailingStop: 25
Lots: 0.1 (or adjust according to your account size and risk tolerance)
MagicNumber: 123456
Slippage: 3
UseNoTradeDay: true
NoTradeDay: 5 (Friday)
Volume: 100
UseTrailingStop: true
StopLoss: 30
TrailingStopType: 1
SignalCandle: 1
UseMoneyManagement: true
MM_Type: 1
MMRisk: 0.02
LossMax: 500
AccountIsMini: false (set to true if your account is a mini account)
TradeSizePercent: 2
MaxLots: 5
GMT_Offset: 0
UseTradingHours: true
TradeAsianMarket: false
TradeEuropeanMarket: true
TradeNewYorkMarket: true
StartHour1: 0
StopHour1: 0
StartHour2: 8
StopHour2: 16
StartHour3: 13
StopHour3: 21

This setup is conservative, aiming to manage risk while seeking moderate returns. It's important to note that market conditions change, and what works well in one period may not work in another. Continuous monitoring and adjustments are often necessary for maintaining a strategy's effectiveness.

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