Power Candles Strategy Scanner Signal Analysis Your whole watchlist, ranked by what’s tradable.
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.
Where it came from
Three answers from Daniel.
The gap
The self-tuning worked one chart at a time. Finding where it paid off meant opening chart after chart.
The idea
Run the same engine across the whole Market Watch. One list says where it pays off now.
What makes it special
The Scanner is the radar, Power Candles the cockpit. It calls the symbol. You switch over, and the chart already sits on the right strategy.
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 and discounts results 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. Give a scanner a name, and it heads every alert in square brackets, so with several scanners running you see at once which one sent it.
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, signal count and current spread
- Spread column in percent of the mid price: forex, gold, indices and stocks on one scale, tightest spread on top with one click
- 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, plus a minimum historical win rate that narrows both the list and the alerts
- Two independent alert types (promising-PF transition and fresh signal) with on-chart Popup / Email / Push / Sound toggles
- Click any symbol name 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, and three symbol filter fields so a long watchlist fits
- Fold the panel to a single status line with promising symbols and active signals; each chart remembers its own fold
- Run several scanners side by side: each carries its own name in the panel header and its own filter and alert switches per chart
- On-chart Settings page (gear icon): change every preference from the chart itself
- Configurable scan timeframe (default M15), promising threshold 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 EURUSD 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 a chart of its own. The panel appears at once, and the list fills in one continuous pass through your whole Market Watch, each symbol running its own auto-optimizer. The Scanner is an Expert Advisor, so run the Premium Trade Manager or any other EA on a second chart. From there you can click any column header to sort, click any symbol name to switch the chart to that symbol, and use the gear icon (bottom-right) to change alert preferences right on the chart.
What traders say
Real reviews, public on MQL5 and quoted word for word. Each tile links to its source.
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.
Frequently asked questions
Yes, on two charts. MetaTrader 5 runs one Expert Advisor per chart, and both tools are Expert Advisors, so dragging the Trade Manager onto the scanner's chart replaces the scanner. Give the scanner a chart of its own and open the Premium Trade Manager on a second chart with the symbol the scanner reported. A click on a symbol name in the scanner list switches the scanner's own chart to that symbol at the scan timeframe, and the Trade Manager's chart stays as it is. Indicators such as Power Candles run right next to the scanner on the same chart.
The panel appears the moment you attach the scanner, and each row shows up as soon as its symbol is calculated. The first pass runs through your whole watchlist in one go, so its length depends on the number of symbols and on your computer. The same fast pass runs after you change the calculation period and for symbols you add to Market Watch later.
Yes. Give each scanner a name in its inputs, for example one per timeframe or one per watchlist. The name shows in the panel header and in square brackets at the start of every alert, in the popup, the push message and the email alike, so you see at once which scanner sent it. Each chart keeps its own filter and alert switches, also through a terminal restart.
The symbol filter has two continuation fields. Carry on with your list in the second and third field, split any way you like. The scanner merges all three into one list and removes blanks and duplicates. With every field empty, it scans your whole Market Watch.
Yes. The minus in the panel header folds it to a narrow strip with one status line: the number of promising symbols on the left, the active signals on the right. Scanning, live updates and alerts carry on as before. The square in the same spot unfolds it, and each chart remembers its own state, also after a restart.
Yes. Set a minimum historical win rate in the inputs. Symbols below it leave the list and stay silent, and 0 switches the filter off. The yardstick is the past win rate of each symbol's optimized setup, so the list keeps the setups that have cleared your bar so far.