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Basic candle-direction algorithm · MetaTrader 4

Candlesticks Trading EA

Follow the candle.
Keep the logic simple.

A compact entry rule based on the previous candle’s direction. A bullish candle leads to a buy; a bearish candle leads to a sell, with adjustable lot size, stop loss and take profit.

candle sticks ea — MetaTrader 4 trading software

Bullish candle → Buy

The EA reads the last candle and uses its upward direction for a buy entry.

Bearish candle → Sell

A downward candle produces a sell entry. No indicator is used for this entry rule.

The strategy

The rules behind the automation.

Designed as a basic introduction to automated trading, Candlesticks Trading v1.0 has fewer settings than the advanced EAs. Run separate charts with different magic numbers when using several symbols or timeframes.

At a glance

M15–H1

Previous-candle direction
MetaTrader 4 · Automatic execution
Unlimited accounts
simple forex ea
Candlesticks EA trading display · Select to enlarge
A closer look

Simple rules in action.

This basic edition follows candle direction without an on-chart control interface. Its inputs let you adjust lot size, stop loss and take profit.

The gallery retains historical test examples alongside the product views. Test screenshots describe past runs rather than expected live results.

Historical candle-direction strategy test
Historical candle-direction strategy test
Candlesticks EA trading display
Candlesticks EA trading display

Candlesticks Trading EA v1.0: the basic candle-direction product. No user interface and no updates are included.

The simple settings and limited protection options distinguish it from the more configurable EAs in the range.

Licensing

Make it part of your MT4 setup.

Choose the unlimited-account lifetime version for your trading setup.

Basic edition

Unlimited

Unlimited accounts
Lifetime version
No user interface
No future updates

What’s included

Includes the EA and one .set file. Lifetime use on unlimited accounts. This basic edition has no user interface and does not include future updates.

Start with the supplied settings, then check the configuration in Strategy Tester and on a demo account.

Questions?

Find the right tool for your approach.

Compare the range or ask us about this product before choosing your setup.

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