Pattern Expert is a trading robot that trades on 14 known patterns such as:
- Hammer (bullish pattern).
- Hanging Man (bearish pattern).
- Inverted hammer (bullish pattern).
- Shooting Star (bearish pattern).
- Engulfing (bullish pattern).
- Engulfing (bearish pattern).
- Harami Cross (bullish pattern).
- Harami Cross (bearish pattern).
- Harami (bullish pattern).
- Harami (bearish pattern).
- Doji Star (bullish pattern).
- Doji Star (bearish pattern).
- Piercing (bullish pattern).
- Dark Cloud Cover (bearish pattern).
— Works on both 4 and 5 digits brokers.
— The EA does not use martingale, grid or arbitrage.
- EA Comment — comments.
- Buy pattern type (0-disabled) — Selected pattern to open buy-order.
- Sell pattern type (0-disabled) — Selected pattern to open sell-order.
- Long candle type coef — Set up a long candle.
- Short candle type coef — Set up a short candle.
- Doji candle type coef — Set up a doji candle.
- Marubozu candle type coef — Set up a Marubozu candle.
- Spin candle type coef — Set up a Spin candle.
- Hammer1 candle type coef — Set up-1 a Hummer candle.
- Hammer2 candle type coef — Set up-2 a Hummer candle.
- Trend period — The number of candles to determine the trend (needed to find patterns).
- Magic number — EA's magic number. For working with its own orders only.
- Lot — base lot for opening new orders.
- Stop Loss(points) — stop loss in points of the current instrument.
- Take Profit(points) — take profit in points of the current instrument.
- Slippage(points) — maximum price deviation in points of the instrument.
- Use Trailing Stop — whether to use trailing.
- Trailing Stop — trailing start level (distance from the current price).
- Trailing Step — trailing step.
- Timeframe for the calculation — the working timeframe of the Expert Advisor.
More details about the coefficients of patterns can be found in the articles:Studying candlestick analysis techniques (part I): Checking existing patterns
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