Candle trio. (EMA 3x) MT4 Expert advisor ™ TFK ALGO

SKU 00015
In stock
Product Details

Candle trio. (EMA 3x) MT4 Expert advisor

This Expert advisor answers the question about what is more likely (continuation/reversal) if three consecutive candles occur in the direction of trend. Turns out, that this market momentum formation creates steady and historically reliable trend following signal. To allow scalability of signal and its application across multiple instruments, EA allows adjusting of all the parameters of the strategy (including the size for each consecutive candle). EA can be therefore used simultaneously across multiple FX instruments with same potential for profits. System is conservative. Each entry is protected by advanced trailing stop. During our standard 13 year test, EA recorded stable performance with relatively low drawdown of 7,9 percent.

How does it work

Trend is identified using conservative method based on exponential moving averages. Two EMA pairs are used to consider main and secondary trend. Each entry must follow trend without exception. The signal consists of three consecutive bearish/bullish candle closing in the direction of trend (size of the each candle can be adjusted individually). Upon the entry, trailing stop is placed at the high/low of last closed candle (with extra deviation that can be applied). TS will closely follow the winning trade and will be adjusted with each cand eclose. Target profit can be also employed to ensure optimum closing.


  • EMA filter: Two EMA Tandems. Both must confirm the trend direction. EMA fast must close above EMA slow for uptrend confirmation and vice versa (in both tandems).
  • Candle signal: three consecutive bullish/ bearish candles. Three candles with defined body size closingin the direction of trend. Signal candle (1 most recent,2,3 oldest): Candle with defined body range (min/max ) closing in the direction of trend (defined by filter). Signal candle must surpass low/high of the previous candle in the direction of trend.
  • Universal trailing stop (Extra deviation for the trail stop). Based on last candle(1) high for short trade and last closed candle low for long trades. Extra deviation can be applied to put TS further away from the entry. TS will be adjusted with each consecutive candle close, only in the direction of winning trade.
  • MAX number of trades (1 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • Take profit points: Take profit
  • Magic number buy/sell: Change this number when using more than one MT4 expert advisor per currency pair.
  • MAX slippage:
  • Spread filter:
  • Lot size:

Rules of the expert advisor


  1. EMA fast trending below EMA slow (in both tandems). Downtrend is present in the market. Enter short only.
  2. We will be looking for three consecutive bearish candles. Each with defined min/max body size. Candle 1.( most recent) closing below the low of candle 2. Candle 2. closing below the low of candle 3.
  3. We place TS above the high of last signal candle + extra deviation above.
  4. Closing the trade: We close the position once it reaches target profit or as it hits TS.


  1. EMA fast trending above EMA slow (in both tandems). Uptrend is present in the market. Enter long only.
  2. We will be looking for three consecutive bullish candles. Each with defined min/max body size. Candle 1.( most recent) closing above the high of candle 2. Candle 2. closing above the high of candle 3.
  3. We place TS below the low of last signal candle - extra deviation below.
  4. Closing the trade: We close the position once it reaches target profit or as it hits TS.

Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)

  • Bars in test 87138
  • Ticks modelled 138132110
  • Modelling quality 90.00%
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 4472.82
  • Gross profit 17654.54
  • Gross loss -13181.72
  • Profit factor 1.34
  • Expected payoff 10.43
  • Absolute drawdown 17.54
  • Maximal drawdown 519.86 (7.93%)
  • Relative drawdown 13.70% (365.17)
  • Total trades 429
  • Short positions (won %) 230 (67.83%)
  • Long positions (won %) 199 (72.36%)
  • Profit trades (% of total) 300 (69.93%)
  • Loss trades (% of total) 129 (30.07%)

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 . 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 tick data: High accuracy testing on EURUSD tick 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.

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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.

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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.

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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.



“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


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 . 



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.



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.



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.