Day candle bandit. MT4 expert advisor by TheForexKings (Revised)

SKU 00030
€2.45
In stock
1
Product Details
  • Exponential moving averages (EMA 20,60). Standard EMA positioning is used to determine general trend direction in daily chart. All trades must be in confluence with this trend.
  • Candle signal (minimum 60, maximum 250 body range). We will be looking for big enough bearish/bullish candle. We will expect the momentum to continue during the next day, trigger our order and continue to reach our profit target. Pending orders are placed at closed candle high/low, expecting the continuation.
  • MAX wick size (30) Wick in the direction of candle and expected continuation cannot surpass maximum allowed with. Wider wick signalizes questionable momentum and such candle is considered to be unreliable for entry.
  • Take profit and stop loss: We measure candle range (high- low). The distance is used both for profit target and stop loss.
  • Break even: After position reached predefined profit, stop loss is adjusted on break even price (entry price).
  • Remain valid (1): untriggered pending order will remain valid for 1 day.

Rules

SELL

  1. Downtrend according to EMA pair. Faster EMA trending below the slower.
  2. We will be looking for strong bearish candle with defined min/max body range and with bottom wick not larger than max wick size.
  3. Once such a candle closes, we place pending sell stop order at candle low. Distance between low and high is used both for profit target and stop loss.
  4. Break even: After position reaches predefined profit we adjust stop loss to break even.
  5. Untriggered pending order may remain valid for 1 day.

BUY

  1. Uptrend according to EMA pair. Faster EMA trending above the slower.
  2. We will be looking for strong bullish candle with defined min/max body range and with bottom wick not larger than max wick size.
  3. Once such a candle closes, we place pending buy stop order at candle high. Distance between low and high is used both for profit target and stop loss.
  4. Break even: After position reaches predefined profit we adjust stop loss to break even.
  5. Untriggered pending order may remain valid for 1 day.

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

  • Tested on high quality data: High accuracy testing on EURUSD data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
  • All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
  • Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
  • Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
  • Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
  • Works on any currency pair
  • Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

WHAT TRADERS SAY