Multi-symbol companion to the Power Candles indicator. Runs the same self-optimizing engine - 3,000+ trade simulations per symbol - on every instrument in your Market Watch and shows live which symbols are statistically tradable, which strategy wins (Momentum or Reversal), and the optimal Stop Loss / Take Profit. Two alert types: when a symbol becomes promising, and when a fresh signal fires on it. Click any row to switch the chart. MT5 only.
Power Candles Strategy Scanner runs the same proven self-optimizing engine as the Power Candles indicator - on every symbol in your Market Watch, side by side. Instead of staring at thirty-five charts, 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 does not place trades. Its job is decision support: surface the symbols where the math is actually working, and ping you when one of them gives a setup. From there you switch to the chart and act.
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. Nothing simulated, nothing approximated.
The Scanner alerts in two distinct moments:
Both alert types route through Popup, Push (mobile) and Sound channels. Each channel has its own on-chart toggle - no need to re-open the inputs dialog.
Attach the Scanner to any chart, leave it running on a background workspace, and trade off the alerts. The default workflow:
The Scanner is the radar. The Power Candles indicator is the cockpit. The two are designed to work together.
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.
Attach to any chart. Within a few seconds the panel populates with symbols from your Market Watch, each running its own auto-optimizer. The first scan completes in roughly two minutes for 35 symbols. 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 flip alert preferences without re-opening inputs.
Power Candles Strategy Scanner is the discovery layer. **[Power Candles indicator](/products/power-candles)** 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](/products/fx-power)** complements the Scanner by giving you a multi-currency strength dashboard alongside the symbol list - useful for confirming direction once the Scanner has flagged a candidate.