Candle EA MT5 (Latest version) – GroupBuy

Candle EA MT5: Advanced Candlestick Pattern Trading Expert

The Candle EA MT5 is a sophisticated expert advisor for MetaTrader 5 (MT5), meticulously designed to identify and trade based on key candlestick patterns. This Expert Advisor (EA) excels at detecting market trends using these patterns, offering a low-risk, automated trading solution for Forex traders.

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About the Author

This product is compiled by Mansour Babasafary. This author has more than +1 years of experience working on MQL5 with many famous products such as Candle EA MT5, Ai Multi Trend MT5, Dragon Multi EA MT5, Sharp EA MT5 and other advisors. Among them, Candle EA MT5 is his best performing product.

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Candle EA MT5 Overview

Key Features of Candle EA MT5

🔹Candlestick Pattern Recognition: Bases its core strategy on identifying and trading robust candlestick patterns for trend detection.
🔹Trend Detection: Utilizes candlestick patterns to accurately identify prevailing market trends, guiding trading decisions.
🔹Built-in Risk Management: Every trade comes with pre-defined Take Profit (TP) and Stop Loss (SL) limits, ensuring low-risk trading.
🔹No Risky Strategies: Operates without high-risk strategies such as Martingale or hedging, prioritizing capital preservation.
🔹FIFO Compliant: Fully adheres to FIFO (First-In, First-Out) rules, making it suitable for regulated trading environments.

Additional Features

🔹Prop Firm Compatibility: Designed to meet the requirements of proprietary trading firms.
🔹Flexible Order Control: Allows for independent activation or deactivation of long (buy) and short (sell) trades.
🔹Customizable Lot Sizing: Offers the option to set lot values manually or use automated risk-based sizing.
🔹Magic Number & Commenting: Essential settings for managing multiple EAs simultaneously and distinguishing trades.
🔹Adjustable Risk Percentage: Enables traders to set a desired risk percentage per trade.
🔹Breakeven Functionality: Automatically moves the stop loss to the entry price once a certain profit target is met, protecting profits and eliminating risk.
🔹Max Spread Filter: Prevents trades from opening if the broker’s spread exceeds a predefined maximum, ensuring better execution.
🔹Trailing Stop: Protects earned profits by automatically adjusting the stop loss as the trade moves favorably.

Candle EA MT5 Review

🔹Candle EA MT5 is a fully automated trading robot designed to detect and exploit candle-based price patterns on the AUDUSD currency pair using the M30 timeframe. It delivers consistent results with low drawdown and high win probability, making it an ideal choice for traders seeking both safety and performance.

✅ Currency Pair: AUD/USD
✅ Backtest Period: 2010 – 2023
✅ Initial Deposit: $10,000
✅ Total Profit: $11,500,000
✅ Win Rate: 70%

Candle EA MT5 Backtest Results

🔹This backtest on USDCAD using the M30 timeframe shows strong, stable performance across 13 years of historical market conditions.

✅ Currency Pair: USD/CAD
✅ Backtest Period: 2010 – 2023
✅ Initial Deposit: $10,000
✅ Total Profit: $7,200,000
✅ Win Rate: 69%
✅ Max Equity Drawdown: 3%
✅ Max Balance Drawdown: 3%

Candle EA MT5 Backtest Trading Results

🔹Backtested on the GBPUSD pair, using the M30 timeframe, the EA delivers remarkable consistency and capital growth, maintaining low drawdown while achieving a strong win rate.

✅ Currency Pair: GBP/USD
✅ Backtest Period: 2010 – 2023
✅ Initial Deposit: $10,000
✅ Total Profit: $11,250,000
✅ Win Rate: 73%
✅ Max Equity Drawdown: 2%
✅ Max Balance Drawdown: 2%

Candle EA MT5 Backtest Trading

🔹This backtest on the EURUSD pair, using the M30 timeframe, demonstrates Candle EA’s impressive ability to balance profitability and risk control across a 13-year period.

✅ Currency Pair: EUR.USD
✅ Backtest Period: 2010 – 2023
✅ Initial Deposit: $10,000
✅ Total Profit: $14,500,000
✅ Win Rate: 75%
✅ Max Equity Drawdown: 1%
✅ Max Balance Drawdown: 8%

Candle EA MT5 Trading Results

Why should you choose Ai Multi Trend MT5?

🔹Pattern-Based Accuracy: Leverages the power of established candlestick patterns for precise trend detection and entry signals.
🔹Enhanced Capital Protection: Strict risk management protocols with TP/SL, breakeven, and the absence of risky strategies safeguard your investment.
🔹Automated Efficiency: Enjoy hands-free trading with an expert that continuously monitors for profitable candlestick setups.
🔹Versatile Compatibility: Supports a wide range of major currency pairs and timeframes, offering flexibility for diverse trading preferences.
🔹Accessible to All: Low minimum capital requirement makes it suitable for traders with various account sizes.
🔹Reliable Performance: Tested with low capital and leverage, demonstrating consistent performance potential.

User Reviews and Feedback

Candle EA MT5 delivers outstanding trading performance, particularly when optimized for the EURUSD, GBPUSD, AUDUSD, USDCAD pairs, showcasing its potential to generate consistent profits. Highly rated and trusted by the MQL5 community, this expert advisor combines advanced strategies with reliable results, making it a top choice for traders seeking efficiency and profitability in the forex market. Here are 5 star user reviews:

🔹Arenfx (2024.01.21): “By using the settings that the author put on the site, I was able to earn +7% profit in one month. 7% in a month is great. I hope it continues.”
🔹Negoksa (2024.01.09): “i bought this expert after reading the reviews and having good backtest results with it. After a few days, the live trades matched the backtest ones, which is reassuring. Overall i am pleased with this EA.”
🔹Edward Febbraio (2024.01.04): “Still very early for me, but so far so good! As far as I can tell the EA is functioning as it does in the backtests, hoping it continues in this way.”

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

✅ Setting (If Any).docx
✅ Installation Guide.docx

Conclusion

In short, Candle EA MT5 is a highly reliable, pattern-based trading solution for MetaTrader 5, purpose-built to leverage the power of classic candlestick formations for trend detection and precision entries. Developed by Mansour Babasafary, this expert advisor focuses on clean, low-risk automation by avoiding high-risk strategies like Martingale or hedging, and instead emphasizes disciplined risk control through built-in Take Profit (TP), Stop Loss (SL), Breakeven, and Trailing Stop functionalities.