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Fakey Detector MT5

FREE

Published: 28 March 2026

Current version: 1.3

Fakey Detector MT5

Indicators
Yury Emeliyanov
Yury Emeliyanov
Moldova

32774
3.3 (39)
33 products 6 topics 42 comments
Version: 1.3

"Fakey PA" is a technical indicator for the MetaTrader 5 platform, designed to automatically identify the Fakey pattern (false breakout) on the chart. The Fakey pattern is a combination of an Inside Bar followed by a false breakout, which often precedes a strong price movement in the opposite direction.

What is the Fakey Pattern:

Fakey is a three-bar false breakout formation:

1. Mother Bar - a wide bar that contains the next bar

2. Inside Bar - a bar completely within the range of the mother bar

3. Breakout Bar - a bar that breaks the boundary but closes back inside

• Fakey Buy: price breaks down through the Inside Bar (or mother bar) boundary but closes above this level - false downward breakout, buy signal

• Fakey Sell: price breaks up through the Inside Bar (or mother bar) boundary but closes below this level - false upward breakout, sell signal

Features:

• Automatic detection of Fakey patterns on the chart

• Visual marking with blue up arrows for Fakey Buy and red down arrows for Fakey Sell

• Display of breakout levels with horizontal lines on the chart

• Filter by minimum breakout size in pips

• Optional filter by candle body direction

• Choice of level for breakout detection (mother bar or Inside Bar)

Indicator Parameters:

• LookBackBars - number of bars to analyze (default 10000)

• MinBreakoutPips - minimum breakout size in pips to identify Fakey (default 70)

• UseBodyDirectionFilter - filter by candle body direction (enabled by default)

• UseMotherBarBreakout - use mother bar for breakout level instead of Inside Bar (disabled by default)

How to Use:

1. Attach the indicator to the chart in MetaTrader 5

2. Adjust parameters for your trading instrument and timeframe

3. Blue up arrow indicates a false downward breakout - potential buy signal

4. Red down arrow indicates a false upward breakout - potential sell signal

5. Horizontal lines show false breakout levels

Trading Strategy:

The Fakey pattern is a powerful reversal signal, especially at key support and resistance levels. A false breakout often "stops out" traders before a strong move in the opposite direction. It is recommended to use the indicator on higher timeframes (H4, D1) and in combination with trend analysis and key levels to improve signal accuracy.

Other Products: https://www.mql5.com/en/users/yura1994ru/seller#products

Disclaimer:

• It is recommended to test the indicator on a demo account before using it on a live trading account

• The indicator is provided "as is" without any warranties regarding its effectiveness or suitability for specific trading purposes

• Not financial advice

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Suitable currency pairs: EUR/JPY H1 (there will be sets with settings for other currency pairs in the discussions) Indicators used: "ATR MA Oscillator", "Entry Time", "Top Bottom Price" and "Previous High Low" Default lot size = 5% Other Products: https://www.mql5.com/ru/users/yura1994ru/seller#products Test results since 2017 for the EUR/JPY H1 pair Initial balance = 500 $ Net profit = 2,372,808 $ Profitability = 4.07 Profitable trades = 84% Drawdown = 7% Recommendation: use an account wi

79 USD

Railway Tracks Pattern — Reversal Pattern Indicator Railway Tracks Pattern is an indicator that automatically detects a powerful two-candle reversal pattern on the chart. It looks for two candles with opposite directions (bullish and bearish), similar in size, and with minimal wicks — a clear sign of momentum shift. How it works: The first candle is strong and directional. The second candle moves in the opposite direction and is of similar size. Both candles have small shadows (wicks). The

FREE

The EA is designed primarily for the GBP / USD pair with the M15 timeframe , but it can also be used on other major pairs with preliminary testing using minimal risks. You can change the lot size in the adviser parameters. The EA is based on several indicators: Percent BB, Steady Bands, and Donchian Channel. The expert Advisor opens a buy transaction at the opening of a new day if all the conditions of the above Indicators are met. Below are screenshots of testing since 2018. Initial balance

69 USD

"Inside Bar PA" is a technical indicator designed to determine the inner bars on the chart. An internal bar is a bar or candle, the maximum and minimum of which are completely contained in the previous bar. This may signal a potential reversal or continuation of the trend, depending on the context. Features: Automatic detection of internal bars. Visual marking of internal bars with arrows on the chart. The ability to adjust the distance of the mark from the bar. How to use: Attach the indicato

FREE

R2d2 The R2D2 expert Advisor trades based on the Percent BB and Steady Bands indicator. Currency pairs: EURUSD , Timeframe: M15 .(Recommended) GBPUSD, USD/CHF, USD / CAD, EUR/JPY, EUR / GBP, EUR/CHF, AUD/USD, NZD/USD Timeframe M15 (in some cases M30) Test from 14.04.2018 to 14.04.2020 from $ 100 to $ 90,000. See the screenshot below. Opening (input Signal) The R2D2 expert Advisor opens a new long or short position at the beginning of the day, when all the logical conditions of the Percent B

77 USD

The EA is designed primarily for the EUR/GBP pair M15 timeframe, but it can also be used on other major pairs with preliminary testing using minimal risks. In the adviser parameters, you can change the % of risk per trade. The EA is based on several indicators: Percent BB, Steady Bands, and Ross hook. The expert Advisor opens a buy transaction at the opening of a new day if all the conditions of the above Indicators are met. Below are screenshots of testing for the last 3 years. Initial balan

77 USD

"IMBA" is a trading robot for the trading on forex. The EA analyzes the market using several indicators (Persistent BB, Steady Bands). Opens and closes trades on indicators, but sometimes on Stop Loss or Take Profit. It doesn't open many deals, but it compensates for this with the quality of the deals. There is no point in telling too much, just download the Demo version and test it. Others Product: https://www.mql5.com/ru/users/yura1994ru/seller#products Recommendations: Symbol EURUSD Time

95 USD

The main advantage of the EA is the percentage of profitable trades that is 99% in testing over the past 2 years. He does not make many transactions, please note this. Designed primarily for the EUR/USD M30 pair . The EA Uses several indicators the main one of which is "Stochastics" Default testing parameters Initial balance = $10,000 Net profit = $27,300 Profitable trades = 99% Drawdown = 38% Other product: https://www.mql5.com/ru/users/yura1994ru/seller#products Before using it on a real acc

77 USD

By default, the expert Advisor parameters allow trading on the GBP/USD M30 pair . Using three indicators (ATR MA Oscillator, Stochastic, Top Bottom Price) to open and close trades, but also uses Stop Loss and Take Profit. Below is a test for the last 6 years. The default lot size is 1 lot and is recommended for a Deposit of 10 000. For a smaller Deposit, it is recommended to reduce the lot size. For 1000 = 0.1 lot, for 100 = 0.01 lot. Other product: https://www.mql5.com/ru/users/yura1994ru/sel

95 USD

This expert Advisor is primarily intended for dispersing small deposits. For example, in testing since 2017, the EA increased its balance from 100 $ to 6 514 361 $ The "Pand0ra EA" expert Advisor is perfect for the "EUR/GBP M30" pair. It uses only two indicators "Previous High Low" and "Top Bottom Price". Each trade is protected by a Stop Loss and Take Profit. In the parameters of the expert Advisor, you can change the percentage of the lot from the Deposit(by default, it is 5%) also, the va

89 USD

The "Mjolnir" Expert Advisor is perfect for most Currency Pairs and Timeframes from M15 to H4, but it performs best on the "EUR/GBP M30" pair. It uses only two indicators "Bollinger Bands" and "Top Bottom Price". Each trade is protected by Stop Loss and Take Profit. In the parameters of the expert Advisor, you can change the percentage of the lot from the Deposit(by default, it is 5%), as well as the values of indicators, Stop Loss and Take Profit, if necessary. The test statistics for 4 year

79 USD

By default, the EA parameters allow trading on the EUR/JPY M30 pair. For the test from 2017.01.07 - 2021.01.07 from 100 $ to 1 957 164 $ see below. The EA uses three indicators (ATR MA Oscillator, Donchian Channel , Top Bottom Price) to open and close trades, but also uses Stop Loss and Take Profit. The lot size is specified as a percentage of the account balance (by default, 5% and a limit of 100 lots is specified). Default testing parameters Initial balance = 100 $ Net profit

69 USD

The main advantage of the Expert Advisor is the percentage of profitable trades, which is 70% in testing over the past 5 years. The EA is primarily designed for the EUR/GBP M15 pair, but it can also be used on other currency pairs if the EA is pre-optimized. The EA uses several indicators, the main one of which is the "Donchian Channel". Look at the test results over the past 5 years. Default testing parameters Initial balance = 500 $ Net profit = 8,431 $ Profitable trades = 70% Drawdown = 17%

49 USD

"Temeria" - Forex Expert Advisor for dispersal of small deposits Statistics after testing in MT4 (EURGBP M30, 2018 - 2023) Initial balance: $10,000 Net profit: $240,900 Maximum drawdown: 2.11% Profitability: 3.74 Description: The Temeria Expert Advisor is designed specifically for the rapid acceleration of small deposits, providing a high level of profit. It is based on several indicators that ensure effective trading. The results of testing over the past five years indicate its stable perform

99 USD

Sakaar Expert Advisor for XAUUSD (M30) Sakaar is an automated trading system specifically designed for trading gold (XAUUSD) on the M30 timeframe. The advisor’s algorithm is based on a combination of three technical indicators: Top Bottom Price ATR MA Oscillator Previous High Low The EA uses a reliable risk management system: every trade includes a stop loss and take profit, and position sizing is based on a percentage lot model , allowing the system to adapt to the current balance and scale tra

119 USD

Special Offer: For the first 10 buyers, a special low price is available , after which the price will increase. This is a unique opportunity to purchase a reliable advisor at a discounted rate. The Stellaris advisor stands out with a high percentage of profitable trades, reaching 70% over the past 10 years of testing. It is designed specifically for the EUR/GBP pair on the M30 timeframe, but can be adapted for other currency pairs through parameter optimization. The strategy is based on several

67 USD

The advisor is designed for trading the EUR/GBP currency pair using the M30 timeframe, but its functionality allows it to be used with other major pairs after preliminary testing with minimal risks. The advisor's settings include the ability to adjust the lot size, enabling customization to suit the user's preferences. Key Features: Operates based on the Steady Bands and Bollinger Bands indicators combined with other elements of the trading system. Trades are opened only when all criteria specif

76 USD

Special Offer: For the first 10 buyers, a special low price applies, after which the cost will increase. This is a unique opportunity to purchase the advisor at a discounted price. The Roobi advisor boasts a high percentage of profitable trades, reaching 73% over the past five years of testing. It is specifically designed for the EUR/GBP M30 currency pair but can be adapted for other pairs through parameter optimization. Its operation is based on several powerful indicators, including the Steady

89 USD

Pinok is a trading advisor for EURGBP (M30), based on the breakout of the previous bar’s extremes and filtered by the ATR MA Oscillator. Operates within a specified trading time with fixed stop-loss and take-profit. Logic Buy entry: if the open price is lower than the previous bar’s low and ATR MA Oscillator is below zero. Sell entry: if the open price is higher than the previous bar’s high and ATR MA Oscillator is below zero. Exit: fixed take-profit (+90 points) or stop-loss (-400 points). Tra

37 USD

KazePro — Japanese Precision in Forex Trading KazePro is a modern Expert Advisor designed for stable growth of small deposits with controlled risk. It combines speed, accuracy, and disciplined money management — bringing the spirit of Japanese precision into Forex trading. The algorithm focuses on clean entry points and time-based logic, opening trades only when the market shows strong reversal or impulse potential. Key Features Works best on pairs with the Japanese Yen ( JPY ) Optimized f

87 USD

Three Bar Reversal Expert Advisor An automated trading robot based on the classic Three Bar Reversal pattern. Optimized for the D1 timeframe , where signals are more stable and statistically reliable. ️ Features: Strategy based on a 3-bar reversal pattern with impulse strength filtering Customizable risk/reward ratio ( RiskRewardRatio ) Limit on the number of simultaneous trades ( MaxOrders ) Suitable for all instruments with strong volatility Backtest Results (EURUSD, D1, 2010–2025): N

30 USD

Railway Tracks EA — Automated Trading Based on the "Railway Tracks" Pattern Railway Tracks EA is an expert advisor that trades a powerful candlestick reversal pattern known as “Railway Tracks.” It automatically detects signals from two strong opposite-direction candles and places trades with a customizable risk/reward ratio. Trading Logic: BUY : after a bearish candle followed by a bullish one. SELL : after a bullish candle followed by a bearish one. SL : placed beyond the extreme of the

30 USD

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Fakey Detector MT5

Yury Emeliyanov

What is the Fakey Pattern:

Fakey is a three-bar false breakout formation:

1. Mother Bar - a wide bar that contains the next bar

2. Inside Bar - a bar completely within the range of the mother bar

3. Breakout Bar - a bar that breaks the boundary but closes back inside

• Fakey Buy: price breaks down through the Inside Bar (or mother bar) boundary but closes above this level - false downward breakout, buy signal

• Fakey Sell: price breaks up through the Inside Bar (or mother bar) boundary but closes below this level - false upward breakout, sell signal

Features:

• Automatic detection of Fakey patterns on the chart

• Visual marking with blue up arrows for Fakey Buy and red down arrows for Fakey Sell

• Display of breakout levels with horizontal lines on the chart

• Filter by minimum breakout size in pips

• Optional filter by candle body direction

• Choice of level for breakout detection (mother bar or Inside Bar)

Indicator Parameters:

• LookBackBars - number of bars to analyze (default 10000)

• MinBreakoutPips - minimum breakout size in pips to identify Fakey (default 70)

• UseBodyDirectionFilter - filter by candle body direction (enabled by default)

• UseMotherBarBreakout - use mother bar for breakout level instead of Inside Bar (disabled by default)

How to Use:

1. Attach the indicator to the chart in MetaTrader 5

2. Adjust parameters for your trading instrument and timeframe

3. Blue up arrow indicates a false downward breakout - potential buy signal

4. Red down arrow indicates a false upward breakout - potential sell signal

5. Horizontal lines show false breakout levels

Trading Strategy:

Other Products: https://www.mql5.com/en/users/yura1994ru/seller#products

Disclaimer:

• It is recommended to test the indicator on a demo account before using it on a live trading account

• The indicator is provided "as is" without any warranties regarding its effectiveness or suitability for specific trading purposes

• Not financial advice