Power Candles Strategy Scanner
The Power Candles auto-optimizer, run on every symbol in your Market Watch at once. For each one, 3,000+ trade simulations show live which symbols are statistically tradable, which strategy wins (Momentum or Reversal), and the optimal Stop Loss / Take Profit. Two alert types ping you when a symbol turns promising and when a fresh signal fires; click any row to jump straight to its chart on MT5.
About Power Candles Strategy Scanner
Power Candles Strategy Scanner runs the same self-optimizing engine as the Power Candles indicator, on every symbol in your Market Watch, side by side. Instead of watching chart after chart, you get one panel that tells you which symbols are statistically tradable right now, which strategy wins on each (Momentum or Reversal), the optimal Stop Loss / Take Profit pair, and a live notification the moment a fresh signal fires.
The Scanner's job is decision support. It surfaces the symbols where the math is actually working and pings you the moment one of them gives a setup. You switch to the chart and take the trade.
The auto-optimizer, applied to every symbol
For each symbol the Scanner runs more than three thousand trade simulations against the last thousand bars: two strategies (Momentum and Reversal) across three signal-strength thresholds and a full Stop Loss / Take Profit grid. Setups are ranked by a risk-adjusted score that favors profitable AND consistent configurations, not flukes from too few trades. The winning combination is shown live in the panel, and the Scanner re-optimizes automatically as new bars close.
This is the exact same engine that powers the Power Candles indicator, run at full depth on every symbol it scans.
Two alert types - one for research, one for action
The Scanner alerts in two distinct moments:
- On new promising symbol: fires once when a symbol's optimized profit factor crosses your threshold (default PF >= 2.0). Use it to learn when a previously-quiet symbol becomes worth watching.
- On fresh signal: fires when an actual Momentum or Reversal entry signal triggers on a symbol whose optimized setup is already promising. This is the "go look at this chart now" notification that turns the Scanner into a passive background monitor.
Both alert types route through Popup, Email, Push (mobile) and Sound channels. Each channel toggles directly on the chart, from the Settings page.
Key Features
- Auto-optimizer per symbol: more than 3,000 simulated trade combinations evaluated continuously against fresh bar data
- Live ranking: every symbol shown with its winning strategy, optimized SL%, TP%, win rate, profit factor, total pips and signal count
- Sortable columns: click any header to sort, click again to flip direction
- "Show only promising" filter to focus the panel on setups above your PF threshold
- Two independent alert types (promising-PF transition and fresh signal) with on-chart Popup / Email / Push / Sound toggles
- Click any symbol row to switch the current chart to that symbol at the scan timeframe
- Per-symbol period control: switch between 8H, 1D, 1W and other analysis windows on the fly
- Pagination for large Market Watch lists
- On-chart Settings page (gear icon): change every preference from the chart itself
- Configurable scan timeframe (default M15), promising threshold, max symbols, and refresh rate
How traders use it
Attach the Scanner to any chart, leave it running on a background workspace, and trade off the alerts. The default workflow:
- The Scanner pings you that, say, EURUSD just gave a fresh Reversal signal at SL 250% / TP 290% with PF 2.40.
- You click the EURUSD row in the Scanner panel. The chart instantly switches to EURUSD M15.
- With the Power Candles indicator attached to that chart, the live entry, SL and TP lines are drawn at the exact prices recommended by the Scanner. The decision to enter is yours.
The Scanner is the radar. The Power Candles indicator is the cockpit. The two are designed to work together.
Supported markets
Works on any symbol your broker provides via Market Watch: Forex (28 majors and crosses), indices (US30, US500, NAS100, DE40 and similar), metals (Gold), oil, and major crypto pairs. MT5 only. Default scan timeframe is M15; any timeframe from M1 to Monthly is supported.
Getting started
Attach the Scanner to any chart. Within a few seconds the panel populates with symbols from your Market Watch, each running its own auto-optimizer. It scans your whole Market Watch; a first complete pass takes a couple of minutes and scales with the size of your watchlist. From there you can click any column header to sort, click any symbol to jump to its chart, and use the gear icon (bottom-right) to change alert preferences right on the chart.
Works great with
Power Candles Strategy Scanner is the discovery layer. Power Candles indicator is the on-chart execution layer: it draws the live entry, Stop Loss and Take Profit rays for the active signal and fires direction-aware alerts on bar close. The Scanner finds the symbol; the indicator shows you exactly when and where to enter. Both are sold separately on MQL5 Market.
If you trade currency strength, FX Power NG complements the Scanner with a multi-currency strength dashboard alongside the symbol list, useful for confirming direction once the Scanner has flagged a candidate.
