Welcome, fellow traders! Today, I’m excited to share with you a powerful yet straightforward trading system known as Exp_CandleTrend for MetaTrader 5. This system is designed to help you identify optimal entry points using the movement of candlesticks—no fancy indicators required!
The magic of this system lies in its ability to recognize when a series of candlesticks are moving in the same direction, whether they’re going up or down. The number of candlesticks that trigger a signal is easily adjustable through the Expert Advisor's input settings.
input uint CandleTrendTotal=3; // Number of candlesticks in a row
It's worth noting that the TradeAlgorithms.mqh library file is tailored for brokers offering a non-zero spread and the capability to set Stop Loss and Take Profit when opening a position. If you’re on the lookout for different versions of this library, you can grab them from here.
In the tests I'll be sharing below, we utilized the default input parameters of the Expert Advisor. Keep in mind that Stop Loss and Take Profit were not used during these tests.
Fig. 1. The instances of history of deals in the chart.
Now, let’s take a look at the testing results for 2011 on the XAUUSD H4 timeframe:
Fig. 2. Chart of testing results
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