Keenbase Trading » Products » Expert Advisors » KT Candlestick Patterns EA

KT Candlestick Patterns EA
MT4/MT5

-- Lifetime Access --

Description
Backtesting

KT Candlestick Patterns EA is a 100% automated expert advisor based on the KT Candlestick Patterns indicator. After fetching the candlestick patterns and signals directly from the indicator, it performs some pre-checks and assessments to execute the trading positions efficiently.

Entries: On the emergence of new candlestick patterns.
Exits: The opposite pattern, Neutral pattern, Stop-loss, or Take-Profit.

For MT4 or MT5, install the KT Candlestick Patterns EA file and attach it to a chart from the Navigator panel. Choose the symbol and timeframe that match your backtest, review the entry and exit settings, and validate the EA in the Strategy Tester or on a demo account with realistic spread and risk assumptions before using it with live capital.

All the dependencies are embedded in the expert advisor. It's not imperative to buy the KT Candlestick Patterns indicator to operate this EA successfully.

This EA includes many of the candlestick patterns discussed extensively in Steve Nison's book - Japanese Candlestick Charting Techniques. Apart from the patterns included in Steve's book, it also has many other intricate candlestick patterns that are usually not very famous among the traders.

Features

Go fully automated with the KT Candlestick Patterns indicator and save tons of time.
No additional download is required. All the required dependencies are embedded in the EA.
It prints the pattern name with each entry to facilitate the identification of each trade.
Further boost the EA performance using the inbuilt filters like Session-Filter, MMI, Vortex, Volatility, Market Regime and more.
Flexible stoploss trailing to prevent the winners from turning into losses.
Protection against the black swan events using the max. loss function.

Included Patterns
Reversal Patterns
Harami
Hammer/Shooting Star
Engulfing
Three White Soldiers/Three Black Crows
Three Outside Up/Down
Three Inside Up/Down
Morning Star/Evening Star
Squeeze Pattern
Belt Hold
Dark Cloud Cover/Piercing
Advance Block/Descent Block
Counterattack Lines
Ladder Bottom/Top
Kicker
Homing Pigeon/Descending Hawk
Trend Continuation Patterns
Marubozu
Rising Window/Falling Window
Fakey Breakout
Mat Hold
Rising Three Method/Falling Three Method
Neutral Patterns
Simple Doji
Long Legged Doji
Gravestone Doji
Dragonfly Doji

Input Parameters

---- Candlestick Patterns Setting ----
Min. Bars Between Patterns: The number of min. bars between each pattern.
Enable/Disable the included candlestick patterns.
Draw Pattern Names: If true, EA will draw the pattern name with each new trade.
----- Trade Settings -----
Max. Active Positions: The no. of maximum active positions in the same direction.
Exit at Opposite Pattern: If true, positions will be closed at the patterns in opposite direction.
Lot Size Method: Fixed or Auto
----- Exit Settings -----
Exit at Opposite Pattern: true/false
Exit at Neutral Pattern: true/false
Stoploss Method: Pips/Volatility/Fetch from indicator
Take-Profit Method: Pips/Volatility
SL Trailing Method: Pips/Volatility
----- Set the Filters -----
Trading Sessions: All | Asian | London | New York | Asian-London | London-New York | New York-Asian
Trend Filter: True | False
Volatility Filter: True | False
Vortex Filter: True | False
MMI Filter: True | False
----- Miscellaneous Settings -----
Max Loss Protection: True | False
Logging: True | False (EA logs all its operation in the journal tab)