Power Candles Strategy Scanner

★★★★★ 5.0 Signal Analysis

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.

About Power Candles Strategy Scanner

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.

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. Nothing simulated, nothing approximated.

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, Push (mobile) and Sound channels. Each channel has its own on-chart toggle - no need to re-open the inputs dialog.

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 hide everything below your PF threshold
  • Two independent alert types (promising-PF transition AND fresh signal) with on-chart Popup / 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) - no need to detach and re-attach the EA to change preferences
  • 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:

  1. The Scanner pings you that, say, EURUSD just gave a fresh Reversal signal at SL 250% / TP 290% with PF 2.40.
  2. You click the EURUSD row in the Scanner panel. The chart instantly switches to EURUSD M15.
  3. 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 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.

Works great with

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.