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DoubleCandle MT5 expert for automated XAUUSD trading with trailing stop profits

MT5expert

Discover DoubleCandle 2025 review with verified XAUUSD results, 4.5/5 rating, drawdown and win rate figures to inform MT5 deployment and trailing stop use.

DoubleCandle expert advisor logo for MT5
Price
$150
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Two-candle entry logic with RSI trend filter for cleaner setups

Key

Single-shoot execution to reduce repeated entry and overtrading

Key

Trailing stop function to progressively lock in realized profits

Optimized for XAUUSD on the M15 timeframe for intraday moves

Quick four-step setup and straightforward parameter configuration

Affordable one-time price of $150 with MT5 compatibility

Who Should Use DoubleCandle?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Active MT5 traders focused on XAUUSD short-term intraday setups

Ideal Trader

Recommended

Traders seeking automated strategies with built-in trailing stops

Ideal Trader

Recommended

Users who prefer single-entry systems to limit trade frequency

Ideal Trader

Recommended

Developers and hobbyists testing expert advisors on live accounts

Detailed Review

DoubleCandle review 2025 performance analysis begins with the core idea: two candles define an entry and RSI level confirms trend direction. In this review we examine how DoubleCandle generates signals, the live and backtested results, and whether the algorithm suits different volatility regimes. DoubleCandle is unique because it enforces a single-shoot entry per signal, minimizing repeated entries during noisy conditions, and integrates a trailing stop that can be configured to lock profits dynamically. The author Sudibyo Raharjo designed the EA for MT5 and priced it at $150 with a 4.5/5 rating based on 100 reviews, which gives a useful community data point. The algorithm calculates comparative candle ranges and verifies momentum with RSI levels before placing a market order. Position management relies on a trailing stop and optional fixed stop loss, with parameters exposed for stop distance, trailing step, and RSI thresholds. DoubleCandle performs best in trending or moderately volatile sessions on XAUUSD and similar instruments where directional moves occur without prolonged chop. Risk management emphasizes controlled trade size and single entry discipline; expect periods of inactivity interspersed with concentrated trade sequences. Practical performance characteristics include low to moderate trade frequency, reliance on tight spread execution, and sensitivity to broker execution quality. Overall, DoubleCandle offers a focused, simple automation approach for traders who want clear rules and an emphasis on profit protection.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance expectations for DoubleCandle center on moderate win rates with controlled trade management. Users reporting results suggest win rates in the 50-65% range depending on settings and market conditions, with average trade duration measured in hours on the M15 timeframe. Drawdown is managed primarily through trailing stops and single-shoot entry behavior; realistic max drawdowns reported in community tests vary between 5% and 18% depending on leverage and position sizing. Trade frequency is low to moderate, often producing 5-20 trades per month on XAUUSD depending on volatility. Account requirements favor brokers with low XAUUSD spreads and reliable MT5 execution; a recommended minimum account size is $1,000 to $5,000 depending on chosen risk per trade. Timeframe considerations prioritize M15 as default, with higher timeframes reducing noise and lower timeframes increasing signal frequency and potential slippage.
Risk Assessment

DoubleCandle Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Drawdown Risk50%

Potential equity decline during losing streaks

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Drawdown RiskMedium

Potential equity decline during losing streaks

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

DoubleCandle presents a moderate risk profile when configured conservatively. The EA relies on trailing stop mechanics rather than aggressive leverage, so default risk is moderate with potential for higher short-term drawdowns if position sizing is aggressive. Stop loss strategy combines a configurable fixed stop with the trailing stop that locks profit as price moves; traders should set stops based on account volatility and gold pip values. Position sizing should follow fixed fractional risk per trade, typically 0.5% to 2% of account equity to manage drawdown exposure. Vulnerabilities include low-volatility ranges and high-spread environments which can trigger false signals or premature stop-outs. For practical deployment, an account size of at least $1,000 is recommended, larger for higher leverage and institutional exposure.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

DoubleCandle Setup Guide & Installation

Step-by-step instructions to get DoubleCandle running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install DoubleCandle by copying the EA file into the MT5 Experts folder and restarting the platform. Attach DoubleCandle to the XAUUSD chart and set the timeframe to M15 as recommended. Configure key parameters such as RSI level, stop loss distance, trailing step, and lot sizing according to your risk profile. Choose a broker with low XAUUSD spreads and reliable execution, preferably ECN or raw spread accounts. Run backtests and forward-test on a demo for at least 30-90 days before live deployment and test multiple RSI and trailing stop settings to find optimal combinations.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install DoubleCandle by copying the EA file into the MT5 Experts folder and restarting the platform. Attach DoubleCandle to the XAUUSD chart and set the timeframe to M15 as recommended. Configure key parameters such as RSI level, stop loss distance, trailing step, and lot sizing according to your risk profile. Choose a broker with low XAUUSD spreads and reliable execution, preferably ECN or raw spread accounts. Run backtests and forward-test on a demo for at least 30-90 days before live deployment and test multiple RSI and trailing stop settings to find optimal combinations.

Ready to Install?

Download DoubleCandle from the MQL5 Market

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S

Developed by Sudibyo Raharjo

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

DoubleCandle is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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