CANDLE 3.0
CANDLE 3.0 is a fully automated Expert Advisor (EA) built for the MetaTrader 5 platform. It is a pure price action trading system designed specifically for trading Gold (XAUUSD) , optimized with default execution settings tailored for brokers like Exness (such as using ORDER_FILLING_IOC execution).
In addition it features robust structural components, Automated Risk Management: Implements dynamic Stop Loss padding , explicit Take Profit ratios , deposit tracker and spread protection. Trade Management: Uses a dual-stage system that shifts a trade to break even before deploying a trailing stop. Daily Safety Restraints: Hard stops trading if daily profit targets or percentage based loss limits are hit. Time & News Filters: Features customizable GMT trading sessions and a live web-based news calendar scanner to pause execution during high-impact USD events.
The strategy relies entirely on price action momentum across consecutive candles, filtering out choppy market conditions by analyzing candle body structures.
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