EA review - Candelabrum EA
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $95 (2022.10.25) |
| 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| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MagicID=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 test | 17076 | Ticks modelled | 228354381 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 926.33 | Gross profit | 9099.28 | Gross loss | -8172.95 |
| Profit factor | 1.11 | Expected payoff | 1.38 | ||
| Absolute drawdown | 509.17 | Maximal drawdown | 976.48 (9.00%) | Relative drawdown | 9.00% (976.48) |
| Total trades | 669 | Short 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%) | ||
| Largest | profit trade | 136.31 | loss trade | -160.36 | |
| Average | profit trade | 21.11 | loss trade | -34.34 | |
| Maximum | consecutive wins (profit in money) | 14 (385.36) | consecutive losses (loss in money) | 9 (-340.33) | |
| Maximal | consecutive profit (count of wins) | 385.36 (14) | consecutive loss (count of losses) | -358.22 (5) | |
| Average | consecutive wins | 4 | consecutive losses | 2 | |
| Symbol | GBPUSD (Great Britain Pound vs US Dollar) | ||||
| Period | 4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MagicID=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 test | 17074 | Ticks modelled | 224899078 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 0.36 | Gross profit | 7380.19 | Gross loss | -7379.83 |
| Profit factor | 1.00 | Expected payoff | 0.00 | ||
| Absolute drawdown | 623.67 | Maximal drawdown | 1275.89 (11.98%) | Relative drawdown | 11.98% (1275.89) |
| Total trades | 559 | Short 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%) | ||
| Largest | profit trade | 121.69 | loss trade | -173.43 | |
| Average | profit trade | 19.68 | loss trade | -40.11 | |
| Maximum | consecutive wins (profit in money) | 21 (300.78) | consecutive losses (loss in money) | 9 (-255.15) | |
| Maximal | consecutive profit (count of wins) | 431.93 (12) | consecutive loss (count of losses) | -473.15 (7) | |
| Average | consecutive wins | 5 | consecutive losses | 2 | |
| Symbol | EURGBP (Euro vs Great Britain Pound) | ||||
| Period | 4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MagicID=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 test | 17073 | Ticks modelled | 202505680 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 2607.99 | Gross profit | 6499.92 | Gross loss | -3891.93 |
| Profit factor | 1.67 | Expected payoff | 9.31 | ||
| Absolute drawdown | 465.90 | Maximal drawdown | 619.19 (5.54%) | Relative drawdown | 5.54% (619.19) |
| Total trades | 280 | Short 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%) | ||
| Largest | profit trade | 177.12 | loss trade | -96.36 | |
| Average | profit trade | 37.57 | loss trade | -36.37 | |
| Maximum | consecutive wins (profit in money) | 15 (502.39) | consecutive losses (loss in money) | 7 (-358.24) | |
| Maximal | consecutive profit (count of wins) | 502.39 (15) | consecutive loss (count of losses) | -358.24 (7) | |
| Average | consecutive wins | 4 | consecutive losses | 2 | |
| Symbol | USDCAD (US Dollar vs Canadian Dollar) | ||||
| Period | 4 Hours (H4) 2010.01.01 00:00 - 2019.08.30 08:00 (2010.01.01 - 2019.08.31) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MagicID=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 test | 17073 | Ticks modelled | 176661297 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 641.90 | Gross profit | 4814.11 | Gross loss | -4172.21 |
| Profit factor | 1.15 | Expected payoff | 1.56 | ||
| Absolute drawdown | 771.20 | Maximal drawdown | 872.60 (8.64%) | Relative drawdown | 8.64% (872.60) |
| Total trades | 411 | Short 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%) | ||
| Largest | profit trade | 84.49 | loss trade | -97.40 | |
| Average | profit trade | 16.32 | loss trade | -35.97 | |
| Maximum | consecutive wins (profit in money) | 18 (520.21) | consecutive losses (loss in money) | 6 (-198.21) | |
| Maximal | consecutive profit (count of wins) | 520.21 (18) | consecutive loss (count of losses) | -330.18 (4) | |
| Average | consecutive wins | 4 | consecutive losses | 2 | |
| Symbol | XAUUSD (Gold vs US Dollar) | ||||
| Period | 4 Hours (H4) 2010.04.13 08:00 - 2019.04.26 04:00 (2010.01.01 - 2019.08.31) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MagicID=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 test | 15988 | Ticks modelled | 257633224 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 167.83 | Gross profit | 10587.07 | Gross loss | -10419.24 |
| Profit factor | 1.02 | Expected payoff | 0.37 | ||
| Absolute drawdown | 507.81 | Maximal drawdown | 2440.52 (20.45%) | Relative drawdown | 20.45% (2440.52) |
| Total trades | 454 | Short 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%) | ||
| Largest | profit trade | 101.78 | loss trade | -219.89 | |
| Average | profit trade | 35.29 | loss trade | -67.66 | |
| Maximum | consecutive wins (profit in money) | 20 (894.86) | consecutive losses (loss in money) | 11 (-559.49) | |
| Maximal | consecutive profit (count of wins) | 894.86 (20) | consecutive loss (count of losses) | -747.84 (10) | |
| Average | consecutive wins | 5 | consecutive losses | 3 | |
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