Description

Candle Gold EA V2.4 MT4

Overview

The Candle Gold EA V2.4 MT4 is an automated trading robot designed to identify and analyze candlestick patterns in the forex market. It utilizes advanced AI algorithms to scan markets for profitable trading opportunities. Here are the key details:

• Minimum Deposit: The recommended minimum initial deposit to use this EA effectively is $100.
• Timeframe: The EA operates optimally on the 1-hour timeframe (H1).
• Currency Pairs: It can be used with the following currency pairs:
  • EURUSD
  • GBPUSD
  • AUDUSD
  • USDCAD

Strategy

The Candle Gold EA V2.4 MT4 focuses on candlestick patterns and trend analysis. Let’s delve into its strategy:

1. Candlestick Patterns:
   • The EA identifies and analyzes various candlestick patterns, including:
     • Doji
     • Hammer
     • Engulfing
     • Shooting Star
     • Hanging Man
   • It uses these patterns to detect potential trend reversals or continuations.
2. Trend Detection:
   • The EA combines candlestick patterns with trend indicators (such as moving averages) to confirm trend directions.
   • It avoids trading during uncertain or sideways market conditions.
3. Risk Management:
   • The EA sets profit and loss limits to manage risk effectively.
   • It does not use risky strategies like martingale or hedge.
   • FIFO rules are followed.

 

 

How to Get Started

1. Download the EA:
   • You can download the Candle Gold EA V2.4 MT4 from our website: https://yoforex.org/product/candle-gold-ea-v2-4-mt4/
   • The download link will be sent to your email after payment.
2. Installation:
   • Attach the EA to your MetaTrader 4 chart (EURUSD, GBPUSD, AUDUSD, or USDCAD).
   • Set your preferred risk level (recommended: 2% per trade).
3. Optimal Settings:
   • Magic Number: Assign a unique magic number if using multiple EAs simultaneously.
   • Order Long/Short: Enable or disable long (buy) or short (sell) trades.
   • Comment: Add a custom comment to distinguish trades.
   • Take Profit and Stop Loss: Set profit and loss limits based on points.
   • Breakeven: Activate breakeven settings to protect profits.

Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎