This feature is for protection against opening a “wrong” position. Even though there is never a guarantee, however this feature shall help. As with trading in general however, the more rules you put in place, the less bot will trade, and the less profit you will make.

In saying that, what this feature is doing is to avoid opening a position when chart has gone up/down after certain length. It is assumed that if chart has gone up/down after certain length, it has reached peak/bottom which will then go into reversal.

To enable, tick EnableCandleDropCheck.

1. Set how many number of past candles you want to check: CandleDropNoOfPastCandles
2. And then set the % drop/rise: CandleDropPercentageToCheck
3. Finally, set the chart period which you want to use: CandleDropPeriod

For example, if you want to check in M5, the past 100 candles, if chart has gone up/down by 1%, then:

1. Set CandleDropPeriod to M5
2. Set CandleDropNoOfPastCandles to 100
3. Set CandleDropPercentageToCheck to 1

When this feature is used, bot will not open SELL when chart has dropped for greater or equal than 1%. Similarly, bot will not open BUY when chart has gone up by greater or equal than 1%.