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Candlestick Signal Indicator Review

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Candlestick Signal can be found within the MQL5 marketplace and was created by Harun Celik, it was first uploaded on the 2nd of September 2018 and is still at version 1.,0 of the software.

Overview

Candlestick Signal is an indicator that can be used with the MetaTrader 4 trading platform, it uses a set of indicators and a set of candle patterns in order to find the entry and exit points of a trade.

The main features of the indicator as stated by the developers:

  • Works on any currency pairs.
  • It works in all periods. Sensitivity setting.
  • You can set the signal frequency. Use the recommended standard settings.
  • ‌The greatest feature of this display is the possibility of manual martingale.
  • The signal intensity region tends to go in the direction of the signal.
  • Works on all charts.
  • Works with any broker.

There are a few parameters available too, these are for correlation, color to buy, color to sell, turning alerts on or off, whether to send emails, and whether to send notifications.

Service Cost

The indicator can be purchased with a one-off payment of $40, this will get you up to 20 activations and no other limitations, there is also the ability to rent the indicator on a monthly basis which will cost $30 per month. A free demo version is available that can be used with the strategy tester within the MT4 platform.

Conclusion

Unfortunately, there aren’t any user reviews or comments s owe do not know whether people are finding it useful or whether it is doing what it is meant to do. We would suggest trying out eh free version and also sending any questions that you have to the developer, this way you will be able to make sure that it will work for you and that it is still being supported by the developer before you make a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31463

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