Color Candle EA V1.0 MT4 is another Expert Advisor (EA) designed for use with MetaTrader 4 (MT4). This type of EA generally focuses on using the color of candlesticks (candles) in a chart to decide when to place buy or sell orders. The “Color Candle” concept typically refers to detecting a trend or specific patterns based on the color of the candlesticks, such as using bullish candles (often green or white) for buy signals and bearish candles (red or black) for sell signals.