Active Candle reacts on candlestick formations in EURUSD and equalizes it with current highs and lows of days, weeks and
month before to trigger a trade. No martingale, no grid, no hedging, always just one order
with StopLoss. As it isn't scalping there's no need for a super fast connection or ecn
account, but the spread should be low. The backtest is made with wide spread to simulate slippage.
Active Candle works in M5 charts but the internal strategy relies also on H1, D1, W1 and MN1 charts.
Download that data for a correct backtest! Default settings are for EURUSD M5 chart.
Live
signal >> (old) Old 2: https://www.mql5.com/en/signals/539210
Current live signal: https://www.mql5.com/en/signals/586887
After 4 weeks and again after 3 month of trading the first accounts were deactivated by Roboforex.
Timing is a important! Don't forget to set SetUTC
(GMT) correctly according to the timezone of your broker! First you must find out in which timezone you are. Info about your timezone is in MS
Windows date and time settings - to that number add the amount of hours the clock in mt4 market watch is ahead or subtract if its back - thats the
number to set in the UTC setting.
Settings
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SetUTC - timezone setting. The default set UTC=2 is used by many brokers.
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Auto_Moneymanage: automatic money management can be used
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MiniLots: if set to true, auto money management works in steps of 0.01 lot
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MaximumRisk: how much % of account free margin is set on risk for each trade
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Lots: lot size if automatic money management is disabled
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StopLossB: distance of stop loss for buy from order open price in points
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StopLossS: distance of stop loss for sell
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TakeProfitB: distance from order open price in points where the order is closed for buy orders
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TakeProfitS: distance to order open price
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HourStart: EA start hour
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HourStop: EA stop hour
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HrFriStop: hour when the EA stops opening orders on Fridays (disabled set 24)
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HrFriClose: to avoid open positions over the weekend, hour when the EA closes open orders on Fridays (disabled if set to 24)
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magic: magic number
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OrderOpenAlarm: if true, a pop up window and a sound alert inform that an order is opened
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EmailAlarm: if true, an email informs
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PushAlarm: if true, a push notice informs
Text_Buy: Text in alarm message
Text_Sell: Text in alarm message
Don't activate following settings for live trading, just for testing:
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MultiOrders: if set to true the EA may open several orders into the same direction
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MaxOrders: sets the max. number of orders in one direction
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Hedge: if set to true the EA may open orders into the opposite direction
