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EA review - Candelabrum EA

Rating total:
Backtests:
Live performance:
Risk control:
Customizability:
Price:
Vendor link | Price: $150  (2019.09.06)
Trading strategy: Counter-Trend, Candlestick patterns
Vendor live account: No
Own live account: No
Latest tested version:   2.0
Latest tested date: 2019.09.06
Risk factors: Zig zag movement

Candelabrum EA uses candlestick patterns, pivot points and Bollinger bands as indicators to detect the start of a new trend. Pin bar patterns are often used for entries because they are usually interpreted as a sign for a reversal. Therefore, we classify the system as a counter-trend strategy. After entering the initial position it will often partially close the position at different percentage Fibonacci levels to diversify the exit. 

The backtests on real spread data do not look very convincing, except for EURGBP. However, on EURUSD and USDCAD the performance in recent years was better than the performance in earlier years, which might also partly explain the better live performance compared to backtests. 

Our opinion

This EA is again one of the few exceptions where the live signal is better than one would assume from historic backtests. Considering the low price, it could be worth testing on live accounts if you are searching for an EA based on candlestick patterns.

Live performance


Fixed lot size backtests

Why do we use fixed lot size (0.1 lots)? Check our educational page.

Dukascopy 2019.09.06, version 2.0

Full backtest report

Strategy Tester: Candelabrum EA
SymbolEURUSD (Euro vs US Dollar)
Period4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMagicID=445876; Comm="CAN_EUR"; TF=240; HS=0; HE=24; FHE=20; MaxSpread=50; MaxLot=100; MinRange=0; LotType=0; MainLot=0.1; FactorRisk=1; FactorAuto=500; BPeriod=30; BDev=2; Model1=false; Model2=true; Takeprofit=700; Stoploss=30; Trailing=true; TrailStart=400; TrailStop=300; Split=true; SplitStart=300; SplitStep=50; SplitLot=50; SplitLotLastMin=0; ShowFibo=true; FiboUpColor=Gray; FiboDnColor=Gray;
Bars in test17076Ticks modelled228354381Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit926.33Gross profit9099.28Gross loss-8172.95
Profit factor1.11Expected payoff1.38
Absolute drawdown509.17Maximal drawdown976.48 (9.00%)Relative drawdown9.00% (976.48)
Total trades669Short positions (won %)350 (65.43%)Long positions (won %)319 (63.32%)
Profit trades (% of total)431 (64.42%)Loss trades (% of total)238 (35.58%)
Largestprofit trade136.31loss trade-160.36
Averageprofit trade21.11loss trade-34.34
Maximumconsecutive wins (profit in money)14 (385.36)consecutive losses (loss in money)9 (-340.33)
Maximalconsecutive profit (count of wins)385.36 (14)consecutive loss (count of losses)-358.22 (5)
Averageconsecutive wins4consecutive losses2
Graph

Full backtest report

Strategy Tester: Candelabrum EA
SymbolGBPUSD (Great Britain Pound vs US Dollar)
Period4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMagicID=445876; Comm="CAN_GBP"; TF=240; HS=0; HE=24; FHE=20; MaxSpread=30; MaxLot=100; MinRange=100; LotType=0; MainLot=0.1; FactorRisk=1; FactorAuto=500; BPeriod=30; BDev=2; Model1=false; Model2=true; Takeprofit=1000; Stoploss=30; Trailing=true; TrailStart=200; TrailStop=200; Split=true; SplitStart=300; SplitStep=100; SplitLot=20; SplitLotLastMin=0; ShowFibo=true; FiboUpColor=Gray; FiboDnColor=Gray;
Bars in test17074Ticks modelled224899078Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit0.36Gross profit7380.19Gross loss-7379.83
Profit factor1.00Expected payoff0.00
Absolute drawdown623.67Maximal drawdown1275.89 (11.98%)Relative drawdown11.98% (1275.89)
Total trades559Short positions (won %)257 (63.81%)Long positions (won %)302 (69.87%)
Profit trades (% of total)375 (67.08%)Loss trades (% of total)184 (32.92%)
Largestprofit trade121.69loss trade-173.43
Averageprofit trade19.68loss trade-40.11
Maximumconsecutive wins (profit in money)21 (300.78)consecutive losses (loss in money)9 (-255.15)
Maximalconsecutive profit (count of wins)431.93 (12)consecutive loss (count of losses)-473.15 (7)
Averageconsecutive wins5consecutive losses2
Graph

Full backtest report

Strategy Tester: Candelabrum EA
SymbolEURGBP (Euro vs Great Britain Pound)
Period4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMagicID=445876; Comm="CNDLBRM"; TF=240; HS=0; HE=24; FHE=20; MaxSpread=50; MaxLot=100; MinRange=0; LotType=0; MainLot=0.1; FactorRisk=5; FactorAuto=500; BPeriod=20; BDev=2; Model1=true; Model2=false; Takeprofit=850; Stoploss=20; Trailing=true; TrailStart=300; TrailStop=300; Split=true; SplitStart=400; SplitStep=150; SplitLot=40; SplitLotLastMin=0.01; ShowFibo=true; FiboUpColor=Gray; FiboDnColor=Gray;
Bars in test17073Ticks modelled202505680Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit2607.99Gross profit6499.92Gross loss-3891.93
Profit factor1.67Expected payoff9.31
Absolute drawdown465.90Maximal drawdown619.19 (5.54%)Relative drawdown5.54% (619.19)
Total trades280Short positions (won %)166 (67.47%)Long positions (won %)114 (53.51%)
Profit trades (% of total)173 (61.79%)Loss trades (% of total)107 (38.21%)
Largestprofit trade177.12loss trade-96.36
Averageprofit trade37.57loss trade-36.37
Maximumconsecutive wins (profit in money)15 (502.39)consecutive losses (loss in money)7 (-358.24)
Maximalconsecutive profit (count of wins)502.39 (15)consecutive loss (count of losses)-358.24 (7)
Averageconsecutive wins4consecutive losses2
Graph

Full backtest report

Strategy Tester: Candelabrum EA
SymbolUSDCAD (US Dollar vs Canadian Dollar)
Period4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMagicID=445876; Comm="CAN_CAD"; TF=240; HS=0; HE=24; FHE=20; MaxSpread=30; MaxLot=100; MinRange=100; LotType=0; MainLot=0.1; FactorRisk=3; FactorAuto=500; BPeriod=20; BDev=2; Model1=true; Model2=false; Takeprofit=1100; Stoploss=10; Trailing=true; TrailStart=300; TrailStop=250; Split=true; SplitStart=300; SplitStep=100; SplitLot=20; SplitLotLastMin=0; ShowFibo=true; FiboUpColor=Gray; FiboDnColor=Gray;
Bars in test17073Ticks modelled176661297Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit641.90Gross profit4814.11Gross loss-4172.21
Profit factor1.15Expected payoff1.56
Absolute drawdown771.20Maximal drawdown872.60 (8.64%)Relative drawdown8.64% (872.60)
Total trades411Short positions (won %)209 (68.90%)Long positions (won %)202 (74.75%)
Profit trades (% of total)295 (71.78%)Loss trades (% of total)116 (28.22%)
Largestprofit trade84.49loss trade-97.40
Averageprofit trade16.32loss trade-35.97
Maximumconsecutive wins (profit in money)18 (520.21)consecutive losses (loss in money)6 (-198.21)
Maximalconsecutive profit (count of wins)520.21 (18)consecutive loss (count of losses)-330.18 (4)
Averageconsecutive wins4consecutive losses2
Graph

Full backtest report

Strategy Tester: Candelabrum EA
SymbolXAUUSD (Gold vs US Dollar)
Period4 Hours (H4) 2010.04.13 08:00 - 2019.04.26 04:00 (2010.01.01 - 2019.08.31)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMagicID=445876; Comm="CAN_XAU"; TF=240; HS=0; HE=24; FHE=20; MaxSpread=30; MaxLot=100; MinRange=0; LotType=0; MainLot=0.1; FactorRisk=3; FactorAuto=500; BPeriod=20; BDev=2; Model1=true; Model2=true; Takeprofit=850; Stoploss=20; Trailing=true; TrailStart=300; TrailStop=300; Split=true; SplitStart=400; SplitStep=50; SplitLot=20; SplitLotLastMin=0; ShowFibo=true; FiboUpColor=Gray; FiboDnColor=Gray;
Bars in test15988Ticks modelled257633224Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit167.83Gross profit10587.07Gross loss-10419.24
Profit factor1.02Expected payoff0.37
Absolute drawdown507.81Maximal drawdown2440.52 (20.45%)Relative drawdown20.45% (2440.52)
Total trades454Short positions (won %)181 (60.77%)Long positions (won %)273 (69.60%)
Profit trades (% of total)300 (66.08%)Loss trades (% of total)154 (33.92%)
Largestprofit trade101.78loss trade-219.89
Averageprofit trade35.29loss trade-67.66
Maximumconsecutive wins (profit in money)20 (894.86)consecutive losses (loss in money)11 (-559.49)
Maximalconsecutive profit (count of wins)894.86 (20)consecutive loss (count of losses)-747.84 (10)
Averageconsecutive wins5consecutive losses3
Graph

Portfolio backtest

Link to PDF file

Portfolio backtest

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