# Candle King EA

Breakout logic with dual pending stops and built-in risk controls and trailing stop logic.

Canonical: https://prismaticalgos.com/compendium/algo/11563-candle-king-ea
Record ID: 11563
Catalog rank: 1057 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://github.com/Arjun-1337/Candle-King-EA
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: XAUUSD, GBPJPY
- timeframes: M15, H1, H4
- sessions: Not specified
- market_regime: volatile|trending

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- Place Buy Stop above previous candle’s high

## Recorded short-entry rules

- Place Sell Stop below previous candle’s low

## Recorded exit rules

- Opposite pending orders auto-cancelled on fill
- Trailing stop with breakeven shift
- SL placed at opposite side of previous candle
- TP based on user-defined pip offset
- Lot size adjusted to broker constraints

## Recorded filters

- OnlyOnNewBar execution
- MaxOrderSendRetries for order placement

## Risk controls

- Stop loss: placed at opposite side of previous candle
- Take profit: based on user-defined pip offset
- Position sizing: Lot size (auto-normalized to broker requirements)