Candle Forms

Candle Forms EA is an advanced trading robot that uses the "Price Action" strategy to make successful trading decisions in the forex market. This robot analyzes market movements, determines the most suitable trading points and automatically executes transactions. It has a specially designed algorithm to evaluate price movements in the market.

In order to make buying or selling decisions, the robot analyzes the last six candlesticks and detects 6 different formations. In this way, it correctly determines the direction changes and possible turning points in the market. There are three different buying and selling methods in its strategy: "Basic Martingale", "Advance Martingale" and "Normal" strategies. These strategies can be selected and applied in accordance with the investor's risk management and market expectations.

Candle Forms EA uses the intersection of two Moving Averages to determine the trend direction. In addition, it determines possible turning points by detecting the overbought and oversold areas of the RSI indicator. At the same time, when the current ATR value is higher than this average by taking the average of the ATR values ​​of the last 50 candles, it is considered that volatility has increased. When these conditions are met, the direction of the trend is determined and transactions are opened in the direction of the trend to adapt to market conditions.

The Martingale strategy is based on the principle of opening new transactions by increasing the lot amount as the opened transactions are closed with a loss. This feature can be opened and closed with the true/false option depending on the user preferences. In addition, transactions can be closed if they reach the specified "TPTarget" level before reaching the TP value. In addition, the Profit Percent (%) Value strategy is also used to secure profit. This strategy ensures that the transaction is closed with a profit when the target percentage you specify is reached.

Candle Forms EA uses a dynamic trailing stop mechanism based on the Average True Range (ATR) value to strengthen risk management. In this way, the stop level is automatically updated depending on the volatility of the market. Users can choose the most appropriate settings by determining different coefficients according to the market situation. It can be optimized with coefficients such as 1.2 in stable markets, 1.5 in volatile markets, and 2.0 or 2.5 in high volatility situations.

Another important feature offered by the robot is the visual tracking system. When a new transaction is opened, the graph of the last opened transaction is automatically displayed on the screen. Users can turn this feature on or off according to their preferences. In this way, it becomes much easier to follow transactions instantly and make graphical analysis.

Finally, Candle Forms EA offers a user-friendly display indicator (Display Info). Thanks to this indicator, the status of the parity, trend direction and profit information can be constantly monitored on the screen. In addition, the color and location of this screen can be customized by the user. Users also have the opportunity to turn this feature on or off at any time.

INFORMATION:

"This robot works with default settings. Please make adjustments to your risk management and transaction strategy. 

You can observe your performance by testing in the demo account."