Forex Candlestick Trading Robot

Forex Candlestick Trading Robot review:

Work of this semiautomatic Expert Advisor is based on the candlestick chart analysis.

When a model appears and gets confirmed, the EA calculates the lot based on the risk level set by the trader. The lot is calculated the way so Stop Loss value is equal to the risk in percent.

By default risk for each deal is equal to 2%.

This Expert works on the following timeframes: D1, W, MN.

Information on the model, entry price and the meaning of the model is displayed in the right corner of the screen.


  • period – D/W1/MN.
  • High_TF – starting from the daily chart.

You can find market entry points of this Expert on the screenshots. The market is entered only upon confirmation of the candlestick model.

Test results:

Forex Candlestick Trading Robot


Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

Other forex indicators and strategies

Leave a Comment