Candle Color Magic EA

Trending MT4 & MT5 XAUUSD Fully Automated

Candle Color Magic EA is a fully automated Expert Advisor for MetaTrader 5. It reacts only to strong, high-momentum price action, and it manages every trade cycle as one smart basket with built-in profit and loss protection. The EA does not trade on every candle. It waits for strong momentum confirmation, so it filters out market noise and avoids low-quality entries. When a cycle closes at its basket target or basket protection level, the EA automatically starts a fresh cycle.

Key Features

Momentum-based entries that only trigger on strong, qualified price movement
Intelligent basket management: all open trades are managed together as one unit
Basket Take Profit, in pips or in account currency
Basket Stop Loss, in pips or in account currency, for full cycle protection
Daily Equity Target: the EA closes all trades and stops for the day once the target is reached
Daily Drawdown Protection (%): the EA closes all trades and stops for the day to protect your account
Optional per-trade dollar Stop Loss
Maximum lot and maximum order limits for strict risk control
Spread filter and trading hours filter
Colorful on-chart control panel showing live equity, daily P/L, basket status and targets
One-click buttons: Pause/Resume, Close Buys, Close Sells, Close All, Reset Day
Clean chart theme with colored candles, no grid, and a trend line overlay
Settings survive a terminal restart: daily progress is remembered
Broker-friendly: automatic filling mode detection, margin checks and volume validation

Recommended Settings

Hedging account required. The EA will not start on a netting account.
Works on any symbol and any timeframe. Higher timeframes (H1 and above) are recommended.
Recommended minimum deposit: depends on the symbol and lot settings. Always test first.
VPS recommended for 24/5 operation.

Important Notes

Test in the Strategy Tester and on a demo account before going live.
Always keep Basket SL and Daily Drawdown enabled.
Use one Magic Number per chart and symbol.

Results

RISK WARNING: Trading involves substantial risk and may not be suitable for all investors. Past performance does not guarantee future results.