Trend Candle EA V1.0 MT4 is a robust Expert Advisor for the MetaTrader 4 platform that identifies patterns of consecutive bullish or bearish candles to execute trades automatically, backed by comprehensive backtesting and configurable risk management settings. Written in MQL4, it leverages MT4’s built-in Strategy Tester for historical performance analysis and automates trade execution per predefined candle-based rules.


Overview


Trend Candle EA V1.0 MT4 is an automated trading robot designed to spot and trade short- to medium-term trends by analyzing candle formations on your charts. It attaches to any chart in MetaTrader 4 and continuously scans for sequences of bullish or bearish candles to signal either trend continuation or early reversal opportunities. By removing manual order entry, this EA helps eliminate emotional bias and ensures consistent, rule-based execution.


Expert Advisors (EAs) are programs that run on MT4, monitoring price movements and executing trades automatically based on user-defined criteria. MetaTrader 4 supports custom EAs through the MQL4 scripting language, providing robust tools for strategy development, testing, and optimization. Trend Candle EA taps into this ecosystem to offer turnkey automation: simply install, configure your candle-count rules and risk parameters, and let the EA handle entries, exits, and trade management in real time.


 


Trend Candle EA V1.0


 


Key Features



  • Candle-based trend logic: Trades triggered by configurable sequences of bullish or bearish candles.

  • Built-in risk management: Adjustable stop loss, take profit, and optional trailing stop settings.

  • Non-repainting signals: Indicators fire only after candle closes to avoid false alerts.

  • Multi-pair compatibility: Works on all major currency pairs (EURUSD, GBPUSD, USDJPY, etc.).

  • Timeframe flexibility: Optimized for M1 through H4 charts.

  • MQL4-coded: Fully customizable via source inputs in the MT4 Navigator.

  • Backtesting ready: Instant performance simulation with MT4’s Strategy Tester.

  • Lightweight execution: Minimal CPU footprint, suitable for VPS or desktop setups.


 


Trend Candle EA V1.0


 


Backtest Proof & Live Performance


Using MT4’s Strategy Tester, Trend Candle EA was backtested over five years of EURUSD data under realistic spread conditions. The equity curve exhibits steady growth with moderate drawdowns, demonstrating the robustness of candle-pattern entries across varied market regimes.


In addition to historical testing, YoForex’s live-demo account results show the EA maintaining consistent profit targets while capping drawdowns via its built-in risk controls. Traders report average monthly returns of 5–8% on demo accounts, with real-account performance closely tracking backtest projections. Equity curves and risk-reward charts are available on our performance page for full transparency.


 


Installation & Setup



  1. Download the TrendCandleEA_v1.0.ex4 file from the ForexFactory.cc product page.

  2. Copy the .ex4 file into your MT4 Experts folder (typically C:\Program Files\MetaTrader 4\MQL4\Experts).

  3. Restart MetaTrader 4 so the EA appears under the Navigator → Expert Advisors list.

  4. Drag & drop Trend Candle EA onto your chosen chart.

  5. In the Inputs tab, configure:

  6. CandleCount (e.g., 3 for three-candle setups)


    • StopLossPips and TakeProfitPips




    • RiskPercent per trade




    • Optional: enable TrailingStop and set TrailingStep.





  7. Click OK to activate. A smiley icon in the top right of your chart confirms the EA is running.


 


Trend Candle EA V1.0


 


Why Choose YoForex Tools?


YoForex is dedicated to empowering traders with 100% free, high-quality automation. Our tools come with:



  • Free lifetime updates to keep strategies sharp in evolving markets.

  • Ongoing optimizations based on community feedback and live-market insights.

  • Transparent performance reports published monthly, so you know exactly what to expect.


Learn more about our mission on the YoForex About Us page.


Support & Disclaimer


Got questions or need help? Reach our support team instantly on WhatsApp or join our Telegram group.


Disclaimer: Past performance is not indicative of future results. Always demo-test any EA under your broker’s conditions before deploying it on live funds.


Call to Action


Ready to supercharge your trading? Download your free copy of Trend Candle EA V1.0 MT4 now—no catch, no subscription fees! Experience rule-based, emotion-free trading with YoForex’s proven automation.




 



Happy Trading!