Trading in the Direction of Runs of Identical Candlesticks

Summary

This expert advisor trades after finding a configurable run of identical candlesticks: it buys following bullish candles and sells following bearish candles. Its inputs include the required run length, trade size, take-profit and stop-loss distances, trailing-stop settings, slippage, and a magic identifier. Position limits depend on account mode: hedging accounts use a maximum number of positions in a direction, while netting accounts use a maximum position volume. The described fourth version changes the netting-account limit to volume-based control.

The document explains the entry concept and the EA’s operational controls but presents no backtest, trade history, or evidence that candle runs predict continuation. It also does not specify a market, timeframe, precise candle qualification rules, or detailed exit behavior beyond the listed protective and trailing settings. Thus it is a description of a configurable trading implementation rather than a validated strategy; performance and risk would depend on those settings and on market conditions.

Key ideas

• The EA buys after a chosen run of bullish candles and sells after a run of bearish candles.
• Users configure the run length, lot size, profit target, stop loss, and trailing-stop behavior.
• Hedging mode limits position count, while netting mode limits total position volume.
• The fourth version introduces a maximum position-volume parameter for netting accounts.
• The document provides no performance evidence for the candlestick continuation premise.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.