MetaTrader 5

Candle Decoder for MT5

Our daily US30 setup, on your own chart. Every morning, the key zones and levels from our top-down method, with the bias, the plan and what would cancel it, drawn on your MetaTrader 5 chart with your broker’s prices. Plus Prop Guard for your prop firm’s limits, and session levels, swings, news lines and a candle countdown, free.

See plans

Free: session levels, swings, news, countdown. Pro: Prop Guard. Elite: our key zones and levels. Never opens a trade.

US30, M15CANDLE DECODER ONASIAN RANGENY OPEN 9:30PREV DAY HIGHPREV DAY LOWKEY ZONE · SUPPLYKEY ZONE · DEMANDLLHHHLHH04:32PROP GUARDDaily loss $620 of $5,000OK · 12%

Elite · every morning

Our setup, on your chart

This is what makes it ours. Before New York opens we read US30 top-down and mark the day: the zones and levels we’re watching and the plan around them. The tool picks it up at your check times, or the moment you press Refresh, and draws it where your chart is. Once the day is over, every setup is public on the setups archive, with what happened.

The day’s bias

Bullish, bearish or wait, from our top-down read of the higher timeframes before New York opens.

Our key zones

The support and resistance zones we’re watching today, boxed on your chart: green for support, red for resistance, edged in their timeframe’s colour (Daily, 1H, 5M).

Our key levels

The prices we expect to matter today: liquidity above and below, and where a reaction should show up.

The plan and its invalidation

Entry, stop and targets when there’s a trade, and the exact condition that would cancel it.

Alerts

On screen and on your phone when price reaches one of the day’s levels, and when the day’s setup arrives, so you don’t have to watch.

Priced for your broker

Brokers’ US30 prices differ by a few points. The tool compares our reference candle with yours and shifts every level to your broker’s price, by itself.

The reasoning, then the result

A one-line summary of why, in the panel, and once the day is done, how it went: losers included. The same method the Academy teaches, not a signal to copy.

Free with an account

Plus the levels every US30 trader checks

Worked out on your own computer from your own chart, so nothing depends on our data feed. How to use them is taught free in the Academy.

Previous-day high and low

Where yesterday ran out of buyers and sellers. Price often reacts there, or sweeps it first.

The Asian range

20:00 to 00:00 New York, boxed. The range London and New York so often break, or fake.

The New York open and opening range

A line at 9:30 New York, and the first 30 minutes’ high and low boxed, then carried across the day.

London and New York sessions

Each session boxed from its high to its low, and last week’s high and low, adjusted for daylight saving on your broker’s server time.

Lot size calculator

Drag entry, stop and target on the chart: it shows the lots that risk your 1%, on your broker’s contract size, and what the target pays. It never places an order.

Swing structure

The last swing points labelled HH, HL, LH and LL, so the trend is read the same way every time.

Next-candle countdown

Time left on the current candle, beside the price, on every timeframe up to weekly.

Next high-impact news

A line at the release time of each high-impact USD event for the next three days, named, with the New York time, and an alert 5 minutes before. From MetaTrader 5’s own calendar.

Journal sync, if you want it

Switch it on and your closed trades, with their R, wait in your trading journal on the site to be tagged and imported. Off by default: nothing about your account is sent otherwise.

Pro

Prop Guard

Most challenges fail on the rules, not the setup. Prop Guard watches the whole account every second and warns you at 70% and 90% of a limit. In Warn only, the default, it never touches a trade. In Enforce, which you switch on, it closes your trades and locks the account at a limit, before the firm does.

Daily loss

From the balance at your firm’s daily reset to current equity, so open trades count.

Max drawdown

Static, or trailing intraday or at the end of the day, stopping at your starting balance if your firm’s does.

Risk per trade, and in total

Flags any trade risking more than your maximum, all open trades together over theirs, and any trade without a stop loss.

High-impact news and the weekend

USD news from MetaTrader 5’s own calendar, with a window before and after, and a warning before Friday’s close with trades open. Enforce can close them for you.

Target, trading days, consistency

Your progress to the profit target and the minimum days, your best day’s share of the profit, and a stop once the target is in.

Tilt guard

A cool-down after a run of losses in a row, and a cap on trades per day, so one bad hour doesn’t become a breached account.

Free

$0

with an account

  • ✓Candle Decoder for MT5, free
  • ✓Sessions, opening range, news, lot calculator
  • ✓The free Academy
  • ✓Every past setup, public

Pro

$29

/month, or $290 a year

  • ✓Everything in Free
  • ✓Prop Guard: loss, drawdown, risk, news, target & tilt limits
  • ✓Enforce mode: closes trades at your limit
  • ✓The advanced Academy lessons

Elite

$49

/month founding price (list $99), first 50 members

  • ✓Everything in Pro
  • ✓Our daily key zones and levels on your chart: bias, plan, invalidation
  • ✓Alerts on your phone at each setup level
  • ✓First access to the AI trading bot (soon)

Setup

Running in five minutes

  1. 01Create a free account. Your personal key is on the MetaTrader page of your account.
  2. 02Download Candle Decoder for MT5 and put it in MetaTrader 5 (Windows or Mac).
  3. 03Allow candledecoder.com for WebRequest, drag it onto your US30 chart and paste your key.
  4. 04On Pro, enter your challenge size, daily loss limit, max drawdown and reset hour for Prop Guard.

Questions

Before you install

What do I get for free?

With a free account: the previous-day and previous-week high and low, the Asian and London sessions, the New York open and opening range, swing structure, the next high-impact USD news with an alert, a lot size calculator and the next-candle countdown, on your own chart. Pro adds Prop Guard. Elite adds our daily key zones and levels, with alerts. Every past setup is public on the setups archive.

Where do the key zones and levels come from?

From our own setup. Each morning we read US30 top-down with the Candle Decoder method, the same one the Academy teaches, and publish the day’s bias, key zones, levels and plan. The tool pulls it in and draws it on your chart, with the reasoning in the panel. It’s educational analysis, not a signal to copy.

Is it an indicator or an Expert Advisor?

An Expert Advisor, because MetaTrader only lets Expert Advisors connect to a website and manage trades. It never opens a trade. If you already run another EA, put Candle Decoder on a second US30 chart.

Will it close my trades?

Only if you choose. Prop Guard starts in Warn only: it alerts you at 70% and 90% of a limit, on screen and optionally on your phone. In Enforce mode, which you switch on, it closes every position at a limit (minus a safety buffer) and keeps closing new ones until the lock ends.

Does it work with my prop firm?

It works on any MetaTrader 5 account. Firms calculate limits differently (balance or equity, reset time), so match the inputs to your firm’s rules and keep a buffer. Most firms allow risk-management EAs, but check yours.

What can’t it do?

It only works while MetaTrader is running, so a VPS keeps it on around the clock. MetaTrader can’t block a manual trade, only close it a moment later. It doesn’t run in the Strategy Tester. It’s MetaTrader 5 only, not MT4.

Whose prices does it use?

Your broker’s. Every level is worked out on your own computer from your own chart. For Elite setups, the tool compares our reference candle with the same candle on your broker and shifts every price by the difference, or you can type your own offset.

Candle Decoder for MT5 is an educational tool. Levels and setups are analysis, not financial advice or trade signals, and Prop Guard can’t guarantee you stay within a firm’s rules. Trading carries a real risk of loss.