Recruitment of participants CandlePower

CandlePower
V1.1

Candlepower logic works on the premise of entering a trade after a strong bull or bear candle on the relevant chart.

In order for a trade to activate, there are 2 key logic that must be fulfilled:

1) Candle size must be at least XXX points from hi-lo ($5 in gold market)

2) Candle close price be at less than XXX points ($1 in gold trade) from top or bottom of candle (thus creating a strong "bull" or "bear" candle). A large candle by itself does not warrant a trade as price can retrace before end of bar and create a cross formation or hammer.

CandlePower is well tested over a 5 year period with strong profit factor of 1.46 and >85% win rate on GOLD and excellent ratio profit factor on Indices.

All trades are protected by a stop loss and uses a trailing stop to exit the trade.

CandlePower operates in the hours of 7am London time to 8pm London time for GOLD(this is witnessed in inputs as 0900 to 2200) and during market hours for NASDAQ and DOW.

All trades are closed prior to rollover and no overnight holding.

CandlePower is quite active and will trade on average once a day on GOLD, and upto >6 times daily on Indices.

Backtesting is easily conducted on Gold 30 min with the default settings.

To backtest Indices you need set files from me.

(assuming your broker is GMT+3, if not or you are using duka data the start/end hour MUST be altered).

I will assist and help with risk and prop guidance if required.


can we start a collection for this look real good
https://www.mql5.com/en/market/product/98920

performance
https://www.mql5.com/en/signals/2066370