By GoldFXPro | Analyst: Naveed Anjum | Updated: October 29, 2025
Download the Big Candle EA for MT5 a fully automated trading robot that opens trades after 100-pip candles. Smart risk control, trailing stop, and simple setup for XAUUSD and Forex pairs.
Imagine you’re sitting at your computer, and you notice one of those big “monster” candles on the chart on XAUUSD (Gold) or a volatile forex pair. You think to yourself: This could signal a strong breakout. Now imagine an Expert Advisor (EA) that spots that candle, opens a trade automatically, and manages risk for you. That’s exactly what the Big Candle EA for MetaTrader 5 is built to do.
What this EA does
The Big Candle EA watches your chosen chart and timeframe. Whenever a candle with a range of at least 100 pips (default) forms either strongly bullish or bearish it triggers a trade in the direction of the candle.
- If a bullish candle of at least 100 pips appears → EA opens a Buy.
- If a bearish candle of at least 100 pips appears → EA opens a Sell.
- Once the trade is open, the EA places a fixed Stop Loss (default 500 pips) to protect you.
- As the trade moves in your favour, a Trailing Stop (default 30 pips) kicks in to lock in profits.
- The EA will open up to 10 simultaneous trades (default) to limit exposure.
- You can run it on Gold (XAUUSD) or high-volatility pairs and adjust all the inputs to your style.
In short: clear, disciplined trading based on strong price-action signals, with built-in risk control.
Why this strategy makes sense
When markets move strongly in one direction, you often see a large candle form that captures the momentum. By identifying that large candle and trading with it, you’re joining the force rather than fighting it. Many traders ignore these obvious moves out of fear or emotion but this EA takes the emotion out, and executes the trade for you.
Because the stop loss is wide (500 pips) and the trailing stop helps lock in gains, you give the trade room to breathe while still controlling risk. And the max-open-trades limit (10 by default) means you won’t overexpose yourself if there are several big candles in short order.
This kind of setup works especially well for instruments with strong moves like Gold (XAUUSD) or exotic/high-volatility pairs, because that’s where big-candle behavior tends to happen.
Input Parameters (Customisable)
Here’s how you can tailor it to your style:
- CandleSizePips: Minimum candle size (in pips) to trigger a trade. Default: 100 pips.
- MaxTrades: Maximum number of open trades at any one time. Default: 10.
- StopLossPips: Fixed stop loss distance. Default: 500 pips.
- TrailingStopPips: Distance for trailing stop once trade is in profit. Default: 30 pips.
- LotSize: The volume you trade each time. You set this.
- MagicNumber: Unique identifier so the EA knows which trades belong to it.
- Slippage: Maximum allowed slippage when opening the trade.
- You might also have filters (time of day, spread, etc.) depending on version.
Because all these inputs are adjustable, you can adapt the EA to your preferred symbol, timeframe, risk appetite and broker environment.
How to use it: step by step
- Choose your symbol for example, XAUUSD (Gold), or a volatile currency pair like GBPJPY.
- Load the EA onto your MT5 chart (select timeframe). For big-candles you’ll often use higher timeframes (H1, H4) but you could test lower if you like.
- Set the inputs: decide what “big candle” means for you (100 pips is default but you might adjust to 80 or 120).
- Ensure your StopLossPips, TrailingStopPips, MaxTrades, LotSize are set in a way you’re comfortable with.
- Run the EA first on a demo account. Let it trade live (with no real money) for a period and monitor performance.
- After you are confident the logic works for your symbol/timeframe/broker, move to live trading—but still with proper risk management.
- Monitor the performance, especially in different market sessions. Big-candle triggers often happen during major news releases or high-volatility times so be aware of your broker’s spread, slippage or liquidity issues.
Advantages of Big Candle EA
- Fully automated: Once you set it up, you don’t have to sit and watch; the EA handles trade entry and risk.
- Simple & clear rules: It’s based on a single concept big candle. No complex indicators or hidden logic.
- Flexibility: Adapt inputs to match different market conditions, symbols, timeframes.
- Works on volatile instruments: Especially good on Gold, or pairs that move quickly.
- Risk control built-in: Fixed stop loss, trailing stop, max open trades limit. That’s a disciplined structure rather than winging it.
- Emotion-free execution: One of the hardest parts of trading is keeping emotions out; the EA removes that.
Important notes and caveats
- This type of strategy works best in high-volatility environments. If you run it on low-volatility pairs or during times when the market is flat, the big candle conditions may rarely trigger or may trigger poorly.
- Big candles don’t always mean the move will sustain. There can be fakeouts, reversals, whipsaws. So even though risk is controlled, you must accept that losses will happen.
- Because the stop loss is wide (500 pips by default) relative to everyday ranges on some symbols, you must size your lot accordingly. Risk management remains critical.
- Always test on a demo before going live. Markets change; what worked historically may not work going forward.
- Your broker’s spread/slippage matters a lot. On Gold (XAUUSD) especially during news events, spreads can widen, execution may suffer.
- Past performance of this EA (or any EA) does not guarantee future profits. This is a tool, not a guarantee.
Best practices & tips
- Choose timeframes where big-candle behaviour is meaningful. H1 or H4 are good starting points.
- Monitor your trading instrument’s typical candle sizes. If you’re using 100 pip minimum, confirm that your symbol often produces candles that large under your timeframe.
- Consider combining the big candle entry with a filter (e.g., only trade in the direction of a higher-timeframe trend) to improve performance.
- Ensure you have enough account size to absorb the stop loss distance. With wide stops you need room.
- Use a VPS if trading overnight or during volatile sessions, so your connection and execution remain reliable.
- Keep an eye on your broker’s conditions. If you find that your trades get executed poorly or you see large slippage on big moves, you might need to refine or change brokers.
- Periodically review the EA’s performance: Are win rate and risk-reward ratio still acceptable? Does the big-candle condition still produce meaningful trades on your symbol/timeframe?
- Adjust inputs slowly and one at a time. Don’t re-optimize every week; do a proper back-test and forward-test to avoid curve-fitting.
Who this EA is for
- Traders who like momentum breakouts and want to automate the process.
- People who prefer price-action-based systems rather than heavy indicators.
- Users comfortable with relatively wide stop‐loss distances (because 500 pips is wide).
- Traders on high-volatility instruments like Gold or volatile FX pairs.
- Beginners and experienced alike beginners can benefit from the simplicity; experienced traders will appreciate the automation and discipline.
- Anyone who is willing to test first, manage risk, and understand that no system is perfect.
Example setup (for Gold)
Let’s say you pick XAUUSD on the H1 chart. You set:
- CandleSizePips => 100
- MaxTrades => 10
- StopLossPips => 500
- TrailingStopPips => 30
- LotSize => 0.01 (or whatever your risk allows)
- Other settings as default.
Now if you see an H1 candle whose high minus low is ≥100 pips:
- If it closes bullish => EA opens a Buy, places SL = 500 pips below entry, and continues with trailing stop once trade is in profit.
- If it closes bearish => EA opens Sell with same structure.
Suppose the trade moves 50 pips in your favour you’re not yet at trailing start, so nothing happens. If it moves 300 pips, trailing stop kicks in (locking in maybe +270 or so). If it keeps going you can ride until the trailing stop hits, then the trade closes profitably.
During this time you might get more triggers (up to 10 trades). The idea is to capture the momentum while containing risk.
Final thoughts
The Big Candle EA for MT5 offers a simple yet disciplined way to capture strong market moves with automation. Yes, it’s not flashy, and it won’t catch every trade or every trend. But by focusing on large-candle triggers, fixed stop loss, trailing stop and a cap on open trades, it gives you a controlled, emotionally-removed approach to trading momentum moves.
If you use it wisely test it, adjust it to your symbol/timeframe, size risk appropriately you could add a robust tool to your trading toolkit.
As always: test on a demo, keep track of results, and only risk what you can afford to lose. The markets have no guarantees; they only offer opportunities and risks.
Important Notes
- This EA works best on high-volatility pairs such as XAUUSD (Gold), GBPJPY, BTCUSD.
- Avoid using it during low-liquidity sessions.
- Always test on a demo account before using on a live account.
- Money management is critical – do not risk more than you can afford to lose.
The Big Candle EA for MT5 is an easy-to-use, effective trading tool that captures powerful market moves. With its built-in stop loss, trailing stop, and risk control system, it ensures disciplined trading. Whether you are trading Gold or Forex pairs, this EA can help you take advantage of big momentum candles and grow your account consistently.
EA Usage Disclaimer
The Big Candle EA is provided for educational and informational purposes only. Trading in Forex, Gold (XAUUSD), or any other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance of this Expert Advisor does not guarantee future results. Users are responsible for testing the EA on a demo account before using it on live trading. Neither the developer nor GoldFxPro.com shall be held liable for any financial losses incurred while using this EA.
What makes the Big Candle EA different from other MT5 trading robots
The Big Candle EA focuses purely on price action. Instead of relying on indicators, it reacts to large candles (100 pips or more), which usually signal strong market momentum. This makes it simple, fast, and effective for breakout traders.
Can I change the 100-pip candle size setting
Yes, you can. The input parameter CandleSizePips is fully adjustable. For example, you can set it to 80 pips for smaller moves or 150 pips for stronger confirmation signals, depending on market volatility and your trading style.
Is the Big Candle EA safe for beginners
Yes, the EA is beginner-friendly because it uses fixed rules and built-in risk control. However, beginners should always test it on a demo account first to understand how it behaves under different market conditions before going live.
What are the best timeframes to use with the Big Candle EA
It works on all timeframes, but traders usually get the best results on H1 and H4 charts, especially on high-volatility assets like Gold (XAUUSD) or GBPJPY. These timeframes filter out noise and capture meaningful breakouts.
How does the trailing stop protect profits
Once a trade moves in your favor, the EA automatically trails the stop loss (default 30 pips) behind price. If the market reverses, your trade closes with secured profit, preventing large drawdowns while allowing profits to grow.
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