Introduction
In the ever-evolving world of forex automation, one EA has recently captured the attention of traders for its unique candle-based strategy — Jaga Lilin EA V1.12 for MT4. The term “Jaga Lilin” means “Candle Guard” in Indonesian, and true to its name, this EA monitors candle behavior to identify high-probability entries with precision. Whether you’re a conservative trader or one who enjoys moderate risk, Jaga Lilin EA V1.12 offers a stable, adaptive, and intelligent solution to trading the forex markets.
Overview of Jaga Lilin EA V1.12
Jaga Lilin EA V1.12 is an Expert Advisor for MetaTrader 4 that leverages candle size analysis, wick rejections, and momentum shifts to time entries and exits. Unlike conventional bots that rely heavily on indicators like RSI or MACD, Jaga Lilin is built around a price-action-based logic, making it highly responsive to real-time market shifts.
Platform Compatibility:
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MetaTrader 4 (MT4)
Recommended Currency Pairs:
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EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
Timeframes Supported:
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M15
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M30
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H1
Minimum Deposit:
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$100 (Recommended: $300+ for better margin buffer)
Strategy Behind the EA
Jaga Lilin EA employs a smart candlestick strategy that identifies high-reversal or breakout zones based on recent candle behavior:
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Candle Body-to-Wick Ratio:
The bot evaluates the relationship between body and wick size. Large wicks relative to small bodies often indicate reversals, and Jaga Lilin catches these efficiently. -
Sequential Candle Patterns:
The EA tracks formations like inside bars, bullish/bearish engulfing patterns, and t -
hree-candle reversals to build context.
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Adaptive SL/TP Settings:
Based on volatility, Jaga Lilin dynamically adjusts Stop Loss and Take Profit levels to maximize gain while protecting capital. -
Smart Filtering:
It avoids trades during high-impact news by integrating a server-side economic calendar API and adjusts risk accordingly. -
Martingale Optionality:
Jaga Lilin offers users the ability to activate a controlled martingale mode — ideal for those wanting to recover drawdowns systematically.
Key Features
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✅ No Indicator Dependence: Pure price action-based trading
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✅ Fully Automated with Low Latency Execution
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✅ Smart News Filter Integration
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✅ Auto Lot Sizing Based on Risk Profile
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✅ Breakout and Reversal Entry Modes
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✅ Customizable Trade Sessions (Asian, London, New York)
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✅ Low Drawdown Architecture
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✅ Backtested with Over 90% Modeling Quality (2020–2024)
Ideal User Profile
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Beginners looking for plug-and-play performance
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Intermediate traders seeking semi-aggressive yet consistent EAs
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Professionals aiming to diversify their bot portfolio with a candle-strategy EA
Performance Insights
Backtest Highlights (EUR/USD M15):
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Net Profit (3 years): $27,450
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Max Drawdown: 5.28%
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Profit Factor: 2.89
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Win Rate: 74.3%
These numbers show how stable and consistent the EA performs under a variety of market conditions, including volatile months.
Setup & Installation
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Platform: MT4
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Attach EA to supported pair chart
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Set Lot Size, SL/TP, Risk %
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Enable AutoTrading & Allow DLL imports
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Run and Monitor – No manual intervention needed
Final Verdict
Jaga Lilin EA V1.12 MT4 is not just another robot—it’s a price-action companion that understands candle psychology better than many traders themselves. It is reliable, customizable, and suitable for diverse trading goals. Whether you want to scalp short reversals or ride intraday breakouts, this EA adapts accordingly. A must-have for those who value intelligent automation.
