Question 1

What type of strategy does Candle Power EA MT4 use?

Accepted Answer

It is a Multi-Filter Mean Reversion / Reversal strategy based on Candle Power Indicator and RSI.

Question 2

What is the risk level of Candle Power EA MT4?

Accepted Answer

It is Low to Medium Risk. It uses layered filters and flexible money management, but default settings can be adjusted for safer trading.

Question 3

What account type is recommended?

Accepted Answer

Best on ECN or Raw Spread accounts with stable execution. Minimum deposit $500 is recommended.

Question 4

Can it trade multiple pairs?

Accepted Answer

Yes, it works on major Forex pairs and can be adapted for indices.

Question 5

Does it use Martingale or Grid?

Accepted Answer

No. It uses clean signal logic with multiple confirmation filters and no dangerous recovery methods.

Question 6

Is it suitable for beginners?

Accepted Answer

It has many advanced filters, so it is better suited for intermediate traders. Beginners should start with default settings and test thoroughly on a demo account.

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