Shadow Candles Expert Advisor | MT5 EA Download - MetaTrader 5 Resources

Shadow Candles Expert Advisor review and download instructions

This article organizes EA related to CMillion Expert Advisor. The content has been removed from the Russian language and external website promotion information, and has been reorganized according to the common concerns of foreign exchange EA users, making it easier to judge whether it is suitable for real trading or testing environments.

strategic positioning

This type of EA is usually used in automated trading scenarios of MT4 or MT5. Before formal use, you should first confirm the trading variety, cycle, spread, slippage, leverage and broker execution conditions to avoid directly treating a single historical performance as a future profit expectation.

Testing recommendations

It is recommended to test separately in a demo account and a small capital account first, focusing on observing the maximum drawdown, continuous losses, holding time, news market performance, and the sensitivity of parameters to different market stages.

Key points of English page

The EA opens pending orders when a hammer-type candle appears (with a large shadow). SL adviser puts for the shadow at a distance of SL points from it. TP is equal to the size of the shadow minus TP. Additional features: trailing stop, breakeven, time filter.

TIMEFRAMES = 0;

candllevel = 50; // candle Size at least

candllshadow = 180; // candle shadow % of the candle body (at least)

Step = 0; //distance from the candle to the pending order

BarLife = 3; //how many candles does the pending order live for

StopLoss = 20, / / ​​SL by Low/High + – pips

TakeProfit = 0; // TP by shadow – pips

TrailingStop = 0; //length of the trail, if 0 then there is no trail

TrailingStart = 0; //when to enable the trail, for example after reaching 40 pips

TrailingStep = 0; //trailing step-move the stop loss no closer than TrailingStep

NoLoss = 0, //transfer to breakeven for the specified number of profit points, if 0 then there is no transfer to breakeven

MinProfitNoLoss = 10; // minimum profit when transferring to breakeven

MaxOrders = 5; //maximum number of unidirectional orders in the market

Magic = 0; / / magic

RiskPercent = 5; / / percentage of the balance to calculate the lot

TimeStart = 0, // time limit for the adviser

TimeEnd = 24; //do not open orders and close deposits if the time is not between TimeStart and TimeEnd

The adviser is free. About its improvements please contact :

cmillion@narod.ru

Risk warning

EA cannot eliminate market risk. Grid, martin, scalping, arbitrage, and high-frequency strategies are particularly dependent on the trading environment. Stop-loss logic, order quantity limits, and capital occupation under abnormal market conditions should be separately evaluated before placing a firm offer.