Candlestick Patterns EA
The Japanese candlesticks can help you predict future price movements just by the way they look. Candlestick patterns EA is an expert advisor which finds models of Japanese candlesticks and it can also enter trades instead of you.
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18 people bought this robot
18 people bought this robot
Advantages of Candlestick Patterns EA
Candlestick patterns EA is designed to be equally applicable to all markets and time periods. Whether you trade currencies, indices, gold, oil or stocks, the robot will detect formations and potential trades for you.
In addition, it can be included in any trading strategy and style and used as a confirmation signal or another reason for opening a trade.
If you are trading rejection of support and resistance levels, for example, Candlestick patterns EA can confirm the likely direction by detecting a candle formation at the level you are monitoring. In this way, it will give additional grounds for the trade and increase the chances of winning, because the more reasons a trade has, the greater the probability of success.
Advantages of Candlestick Patterns EA
Candlestick patterns EA is designed to be equally applicable to all markets and time periods. Whether you trade currencies, indices, gold, oil or stocks, the robot will detect formations and potential trades for you.
In addition, it can be included in any trading strategy and style and used as a confirmation signal or another reason for opening a trade.
If you are trading rejection of support and resistance levels, for example, Candlestick patterns EA can confirm the likely direction by detecting a candle formation at the level you are monitoring. In this way, it will give additional grounds for the trade and increase the chances of winning, because the more reasons a trade has, the greater the probability of success.
Formations
How Candlestick Patterns EA works
Description
The main function of the Candlestick patterns EA is to detect specific candlestick patterns on an unlimited number of instruments at all times and to inform you of the more likely direction of future price movements.
The main function of the Candlestick patterns EA is to detect specific candlestick patterns on an unlimited number of instruments at all times and to inform you of the more likely direction of future price movements.
Candlestick patterns EA allows you to select the models that the robot will be looking for, as well as to set it to automatically enter a trade once it has found a certain model.
That gives you the opportunity to:
▼ follow a larger number of instruments and thus discover the best opportunities;
▼ not having to check how each candle closes, because this is what the robot does and it will inform you when the situation changes;
▼ have more free time which you can use to improve your trading.
Candlestick patterns EA can be used on all timeframes. It will detect patterns and open positions for you. Just like with any analysis, including the analysis of the Japanese candlesticks, higher time frames are more successful. In this regard, we recommend that you use the robot at least on the hourly chart (H1).
Using Candlestick patterns EA as an additional tool to show you when to buy or sell a particular asset will save you time and significantly improve your trading results.
Candlestick patterns EA customization options
▼ Which formations to detect;
▼ You decide if you want it to automatically enter a trade for you, once it has found a specific formation;
▼ Volume (Lot) used to open a trade;
▼ Risk to reward ratio;
▼ What is the minimum number of candles to determine a low/high;
▼ The SL distance below/above the signal candle.
Important !!! Do not expect that with the purchase of this or another expert advisor you will start earning automatically. The purpose of the robot is to save time and expand trading opportunities. This can lead to an increase in your result when using proper money management. Candlestick patterns EA can be used as a confirmation signal and an entry moment signal for various strategies!
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