This EA focuses on the candle high and the candle low as those reading often represent short term support and resistance. These levels represent decision points when trading this EA. At these points you need to tell the EA to trade breakouts or bounces. Once the new candle starts forming the trading question is: "Is the price going to break-out of the previous trading range or bounce back to the previous trading range?"

By using the Candle trader EA you can trade either the breakouts or bounce or both as they occur over a 24 hour period.

Use of the Candle Trader EA

The candle trader has mainly been used to trade 4 digit brokers with an unusual price feed on a scalping basis. This was proven to be successful on demo but not possible using a live account. So one of the uses is to trade the EA as a novelty EA to impress your friends and show them how you can take $5K to $1Mil. Details are provided in the Forum for you to do this. That is why this EA is sold at a reasonable price. Don't get your hopes up too much.

Technically, it works perfectly on 5 digit brokers with "normal" price feeds and will work on any broker account. Initial, unofficial tests show that it is possible to trade the 4 hour, 1 hour, 30 minutes, 15 minutes, 5 minutes and 1 minute timeframes on ordinary broker accounts.

This EA is not robust on normal broker account (5 digit accounts) and that is why it is sold for a affordable price. Don't get your hopes up too much.