Description
(Mqlrobot) Wick Ratio Candlestick Trader_MQL4
(Mqlrobot) Wick Ratio Candlestick Trader_MQL4 is an Expert Advisor (EA) developed using Fxdreema on the MQL4 platform. This EA focuses on identifying candlestick patterns based on the “Spinning Top” structure, where the ratio between the wick and body of the candle is used as the primary condition for trade signals.
Thank you for reading this post, don't forget to subscribe!Key Features:
- Candlestick Condition Analysis:
The EA identifies both Bull and Bear Candlestick patterns by analyzing the upper wick, bottom wick, and body ratio. - Signal Execution:
Implements “Once Per Bar” logic to prevent duplicate signals and uses Martingale logic for buy (Buy Now) and sell (Sell Now) orders. - Educational Focus:
Designed to help users understand and analyze candlestick-based trading strategies using clear block structures from Fxdreema. - Backtest Ready:
Easily testable with historical data for strategy validation and optimization.
This EA is perfect for traders and developers who want to study systematic candlestick trading or refine their strategies with algorithmic trading systems.
Warnings and Precautions:
- Users are responsible for any risks associated with the use of this EA.
- It is strongly recommended to perform backtesting with 99.9% tick data before using the EA in live trading.
(Mqlrobot) Wick Ratio Candlestick Trader_MQL4 is a candlestick-based EA designed for educational purposes, focusing on the wick-to-body ratio in “Spinning Top” patterns.
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MQL4 EA, Fxdreema, Candlestick Patterns, Automated Trading System, Martingale EA, Spinning Top Strategy, Forex Algorithmic Trading, Educational EA, Wick Ratio EA, Forex Backtesting
