Candle EA MT4 v1.70 + SetFiles (Official version 1440+)

What is Candle EA MT4?

Candle EA MT4 is an advanced Expert Advisor (EA) specifically designed to tackle the most challenging market conditions in today’s forex trading environment. Engineered for precision and adaptability, this EA performs exceptionally well on major currency pairs, including USDCAD, EURUSD, AUDUSD, and GBPUSD, and is optimized for H4, H1, and M30 timeframes.
Proven effective through extensive backtesting and live trading, Candle EA MT4 is a trusted tool among professional traders, delivering consistent performance and reliable trade execution across varying market scenarios.

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Candle EA MT4 Overview

Key Features of Candle EA MT4

• Pattern-Based Trading: Leverages advanced candlestick pattern recognition to identify and capitalize on emerging market trends with precision.
• Low-Risk Strategy: Built-in profit and loss controls help minimize risk exposure, ensuring safer trading practices.
• Multi-Currency Compatibility: Optimized for major forex pairs including EURUSD, GBPUSD, AUDUSD, and USDCAD, providing flexibility across various markets.
• Optimized Timeframes: Delivers optimal performance on M30, H1, and H4 timeframes, ideal for both short-term and swing trading strategies.
• Safe Trading Approach: Designed to avoid high-risk tactics like Martingale, Grid, and Hedge strategies, promoting sustainable growth.
• FIFO Rule Compliance: Fully compliant with FIFO (First In, First Out) trading regulations, suitable for brokers requiring strict adherence.
• Flexible Capital Management: Supports low capital trading, with customizable money management settings to fit different trading styles and risk profiles.

Why choose Candle EA MT4?

• Candle Pattern Trading Logic: Utilizes advanced candlestick pattern recognition to identify high-probability entry and exit points in the market.
• Fully Automated Execution: Trades are executed automatically based on candle formations, eliminating emotional trading decisions.
• Effective Risk Management Features: Integrated stop loss, take profit, and lot size control ensure safe and disciplined trading.
• Compatible with All Market Conditions: Designed to perform efficiently during trending and ranging markets, suitable for various trading styles.

Candle EA MT4 Review

This Expert Advisor (EA) has undergone extensive backtesting on the AUDUSD currency pair using the M30 (30-minute) timeframe, covering the period from 2010 to 2023. The results demonstrate the EA’s strong performance, robust profitability, and effective risk management.
Key Performance Highlights:
🔹Initial Deposit: $10,000
🔹Total Net Profit: $11,500,000
🔹Maximum Drawdown: 2% – Ensures low-risk exposure with strict capital protection.
🔹Win Rate: 70% – High percentage of profitable trades, showcasing consistent accuracy over a 13-year backtest period

Candle EA MT4 v1.70

This Expert Advisor (EA) has undergone extensive backtesting on the AUDUSD currency pair using the M30 (30-minute) timeframe, covering the period from 2010 to 2023. The results demonstrate the EA’s strong performance, robust profitability, and effective risk management.
Key Performance Highlights:
🔹Initial Deposit: $10,000
🔹Total Net Profit: $7,200,000
🔹Maximum Drawdown: % – Ensures low-risk exposure with strict capital protection.
🔹Win Rate: 69% – High percentage of profitable trades, showcasing consistent accuracy over a 13-year backtest period

Candle EA MT4 v1.70 + SetFiles

This Expert Advisor (EA) has undergone extensive backtesting on the AUDUSD currency pair using the M30 (30-minute) timeframe, covering the period from 2010 to 2023. The results demonstrate the EA’s strong performance, robust profitability, and effective risk management.
Key Performance Highlights:
🔹Initial Deposit: $10,000
🔹Total Net Profit: $11,250,000
🔹Maximum Drawdown: 2% – Ensures low-risk exposure with strict capital protection.
🔹Win Rate: 73% – High percentage of profitable trades, showcasing consistent accuracy over a 13-year backtest period

Candle MT4 v1.70

This Expert Advisor (EA) has undergone extensive backtesting on the AUDUSD currency pair using the M30 (30-minute) timeframe, covering the period from 2010 to 2023. The results demonstrate the EA’s strong performance, robust profitability, and effective risk management.
Key Performance Highlights:
🔹Initial Deposit: $10,000
🔹Total Net Profit: $14,500,000
🔹Maximum Drawdown: 1% – Ensures low-risk exposure with strict capital protection.
🔹Win Rate: 75% – High percentage of profitable trades, showcasing consistent accuracy over a 13-year backtest period

Candle EA v1.70

Latest product download package includes

The download package of the product suite includes:

1. Experts:

✔ Candle EA MT4 v1.70.ex4

2. Presets:

✔ Candle_EA_1.7_EURUSD.set
✔ Candle_EA_1.7_GBPUSD.set
✔ Candle_EA_1.7_AUDUSD.set
✔ Candle_EA_1.7_USDCAD.set

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About the Author

This product is compiled by  Mansour Babasafary. This author has more than +5 years of experience working on MQL5 with many famous products such as Candle EA MT4, Infinity Trader EA, GOLD Scalper PRO and other products. Among them, Candle EA MT4 is his best performing product in 5 years.

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Conclusion

In short, Candle EA MT4 is a powerful forex expert advisor specifically engineered for traders who leverage candlestick pattern recognition to spot market trends and optimize their strategies. This fully automated MT4 trading robot is equipped with advanced risk management features, including customizable profit and loss limits, ensuring a low-risk trading environment without relying on risky strategies such as Martingale or hedging.
Compliant with FIFO trading rules, Candle EA MT4 is suitable for both retail traders and Prop firms, aligning with strict regulatory requirements. It is fully optimized for major currency pairs, including EURUSD, GBPUSD, AUDUSD, and USDCAD, and performs best on M30, H1, and H4 timeframes, offering versatility across various trading styles and market conditions.
Designed for accessibility and efficiency, Candle EA MT4 supports a minimum trading capital of $100 and operates efficiently with 1:50 leverage, making it an ideal choice for traders at all experience levels seeking a reliable and professional candlestick pattern EA for MT4.

>>> Reviewed by Jason Stap <<<