Trading Robots for MetaTrader 5

CandleAction MT5

candleaction-mt5-logo-200x200-4386
390.00 USD315.90 USD

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Information

Experts
MetaTrader 5
Anddy Cabrera
1.0
5

Overview

Recognition of Candlestick Patterns

The idea of using the chart with candlesticks (or candles) for predicting market prices is very old. Two centuries ago, Japanese rice trader found that the candlesticks pattern chart could be used as a tool to predict future prices in a free market with a natural demand-supply balance. The method was improved later by others and today it is successfully used by many traders and investors in the forexmarket.

The EA addresses the problem of using Japanese candle-stick methodology to analyze index, metal or forex market data by neural nets. Self-organizing maps are presented as tools for providing maps of known candlestick formations. They may be used to visualize these patterns, and as inputs for more complex trading decision systems. In that case, their role is preprocessing, coding and pre-classification of price data.

In this paper, we focus on only one such activity, the analysis of single candles and small groups of candles on the chart. Particularly, self organizing maps will be used as tools for recognizing patterns in price timeseries and for coding the recognized formations as inputs for further steps of decision making. Their role in the whole decision process may be considered as preprocessing, compression, or initial classification of candle data. Along that task, self organizing nets will provide us with clear and coherent maps of formations for the analyzed instrument, preserving the density, topology and similarity of candle formations on a particular chart.


Expert Advisor recommended configuration

  1. Recommended forex Pairs: EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, EURJPY, EURGBP, GOLD (Setfile required for each pair)
  2. Time-frame: H4 Chart
  3. Minimum deposit: $100
  4. Recommended spread: Any
  5. Click here for setfiles: https://www.mql5.com/en/blogs/post/723190
  6. Click here for Signal: https://www.mql5.com/en/signals/511338


Inputs Description

  • Lot - Contract size
  • Use Risk Management Lot size
  • Percentage of Account Balance to Risk
  • Expert Comment - Here you put a comment to identify the trades made by the EA
  • Profit in points - Take profit in points
  • Stop loss in points - Stop loss in points
  • MagicNumber
  • Hb... Bsm - Values to measure the dimensions of the Japanese candle
  • Trade on Monday
  • Trade on Tuesday
  • Trade on Wednesday
  • Trade on Thursday
  • Trade on Friday
  • Using Trade Hour
  • Start Hour
  • End Hour

14 DAYS MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: fxea.market@gmail.com.

Refund requests received more than 14 days after purchase will be rejected.

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RISK WARNING: ea-trade.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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