Candle Forms EA

🕯️ Candle Forms EA – Pattern-Based Intelligent Forex Robot (6-Strategy System)
Candle Forms EA is a versatile and intelligent trading robot that combines advanced price action algorithms with technical filters to open secure and flexible trades in the forex market. It operates with 6 different strategies and enters trades based on candle formations with high reversal potential.

🔍 Entry Based on Candle Patterns
The system analyzes 6 custom candlestick formations that reflect the struggle between buyers and sellers. These patterns generate trading signals after passing technical filters like trend, RSI, and ATR.

Each pattern has a “reverse signal” option that can be enabled individually.

⚙️ 6 Flexible Trading Strategies
Users can choose from six different strategies depending on their needs and risk profile:

Normal Strategy → Opens only one trade in the signal direction.

Martingale Strategy → Increases lot size after losing trades to recover losses.

Limit Strategy → Opens a limit order in the same direction as the main trade.

Example: BUY → BUY LIMIT

Stop Strategy → Opens a stop order in the same direction as the trade.

Example: BUY → BUY STOP

Limit + Stop Strategy → Opens both limit and stop orders in the same direction.

BUY → BUY + BUY LIMIT + BUY STOP

SELL → SELL + SELL LIMIT + SELL STOP

Hedge Strategy → Opens a stop order in the opposite direction of the trade.

Example: BUY → SELL STOP

Each strategy operates with its own risk logic and activates automatically based on the chart setup.

📈 Trend Detection and Technical Filtering
Before entering a trade, the system analyzes market conditions using:

MA (Moving Average) crossover

RSI overbought/oversold zones

ATR-based volatility filter

Trades in the opposite direction of the trend can be blocked for better accuracy.

📊 ATR-Based Dynamic TP and SL Calculation
The robot can dynamically calculate TP and SL based on ATR values:

Calm Market → ATR x 1.2

Volatile Market → ATR x 1.5

High Volatility → ATR x 2.0

Alternatively, users can define fixed pip-based SL/TP levels.

🛡️ Break Even Protection
When a trade reaches a certain profit threshold, SL is moved to the entry point.
This protects your capital from pullbacks after strong trend moves.

💰 Capital and Risk Management
The robot checks:

Required margin before each trade

Prevents trades if the balance is insufficient

Enforces max lot limits and safety thresholds

Includes protections like “pause for 2 candles after 2 consecutive losses”

📺 Visual Information Panel
The on-chart display shows:

Symbol name

Triggered pattern name

Real-time profit (Green = Profit / Red = Loss / Orange = Neutral)

Panel position and colors can be customized by the user.

✅ Conclusion
Candle Forms EA is suitable for both beginners and experienced traders.
With strong entry logic, strategic variety, and risk control, it provides safe and intelligent trading opportunities.

Our Forex robots are now smarter and more user-adaptive than ever. With the new Dynamic Trailing Stop feature, trades are automatically protected based on market volatility, allowing the robot to adjust stop levels dynamically. The user can enable or disable this function at any time, tailoring the system’s behavior to different market conditions.

The newly added Profit/Loss Tracking System automatically closes all trades once the target profit or loss threshold is reached, ensuring capital protection. Additionally, users can now define how long a trade should remain open — once the specified number of bars is completed, the position closes automatically. If the trade ends in loss, the system waits for a user-defined number of bars before allowing a new entry, ensuring disciplined and controlled trading flow.

ℹ️ INFORMATION
"This robot works with default settings. Please adjust based on your risk profile and trading strategy.
Test it in a demo account to observe performance."

⭐ If you like it, I would be happy if you give it 5 stars.
🧿 Wishing you good luck and profits!