Market / MetaTrader 4 / Experts /

Easy Candlestick Patterns

FREE

Published: 23 February 2020

Current version: 1.1

Easy Candlestick Patterns

3.5

Experts
Alexander Nikolaev
Version: 1.1
Updated: 24 February 2020

This EA recognizes candlestick patterns, opens trades depending on the last candlestick pattern, and also displays its name (when the ShowInfo option is enabled) directly on the chart of the currency pair. There are also additional indicators whose parameters are adjustable (for example, ADX volatility indicator, dynamic stop loss parameter, trailing stop). The EA can determine both simple models consisting of 1 candlestick, and complex ones from 2 to 5 candles. The simple version of this adviser can be used only on the 1-hour and 4-hour timeframes of the EUR / USD currency pair. To use it on other currency pairs and timeframes, use the extended version of this adviser, which in addition has more nitrok (for example, stop-loss on fractals and parabolic, calculation of the lot from free funds and others).

Input Parameters

Lots - lot size (if Lots=0, then the lot will be calculated based on the percentage of account free margin);
MaxSpread - the maximum allowable spread to open trades (for floating-spread symbols, to avoid opening with a large spread);
Magic (unique identifier) - a unique identifier, use different magic numbers if multiple Expert Advisors run in your terminal;
MaxTakeProfit - maximum take profit;
MaxStopLoss - maximum stop loss;
EnableAutoClose - enable/disable automatic order closure when a reverse signal appears;
FactorDynamicSL - coefficient of dynamic stop loss (values from 0 to 2.5 are recommended), when it is on (greater than 0), Stop-loss depends on the candlestick model (but not more than the MaxStopLoss value);
Stop to breakeven after - sets the stop loss to breakeven after passing so many points (0 - off);
TrailingStopValue - trailing stop value (0 - do not use simple trailing stop);
EnableVolume - when enabled, candlestick volumes of almost every model are taken into account;
MinForceModel - minimum candlestick model strength for entering a trade (1 or 2);
CountCandlesLength - the number of candles to determine the optimal length of the candle in the model (recommended from 10 to 50);
AdxPeriod - period of the ADX indicator;
MinAdxLevel - minimum level of the ADX indicator;
MaxAdxLevel - maximum level of the ADX indicator;
MinuteOpen - the minute after which the transaction will open (to wait a little after the candle closes, when the market cools down);
Trading start hour - hour to start trading advisor;
Trading end hour - hour of the end of trading;
OrdersComments - comment on open transactions;
CntBarslastSignalIsActive - count of bars, how long the last signal will be active for receiving by other advisers (for example, for RiseOrFallVolumesPro);
ShowInfo - show information (when turned on, information is displayed at the top in the corner, and the names of candlestick patterns are displayed directly on the chart above or below the signal candle).

more...

2738

philippe germain 2020.02.27 15:59 #

Testing

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Volume levels are an important indicator for stock trading. In the past, most of the trades were made at these levels, or these trades were made by large traders. In the future, the price often bounces off such levels, and this can be successfully applied in trading. This Expert Advisor is able to determine volume levels based on trade in history. It is based on an indicator that displays levels: https://www.mql5.com/en/market/product/65562 , but besides displaying, it can trade from levels. In

30 USD

The indicator analyzes the chart and identifies Doji candlesticks. Shows their appearance and signals the appearance of such a candle (if allowed in the parameters). Also, this indicator shows the strength of the reversal in the form of bars of different colors (the more green, the more likely the rise, the more red - the fall in price). The direction of the signal depends on the direction of the previous candles, as the Doji signals a reversal or correction. In the indicator settings, you can

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Free indicator to quickly detect trendline breakouts and high or low of a price range. It displays lines based on the highs and lows of prices, and also finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable an alert). This indicator is easy to use and also free. The number of candles for defining trend lines as well as the high and low of the trading range is configurable. It w

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This Expert Advisor trades based on the Bollinger Bands indicator. It performs trades after a price rebound from the borderlines of the indicator. It is simple to use, contains only a few settings, which are easy to understand. This is the simplified version of the Master Bollinger Bands Expert Advisor. For better trading results, it is recommended to use the full version of the EA: https://www.mql5.com/en/market/product/21788 The free version does not provide the ability to use multiple indicat

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The Expert Advisor places orders based on the points of the Parabolic Sar indicator. If your trading strategy utilizes this indicator, the EA will save you from the necessity to move your pending orders after every candlestick (e.g. 5 minutes or 1 hour) and will do it automatically. You can set the EA to open only BuyStop or only SellStop or both. Buy default both Buy and Sell are enabled. The EA does not use any indicators other than Parapolic Sar. Therefore you are to decide the time to run th

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ADX Channel is an indicator that plots the channel depending on the values of the ADX (Average Directional Movement Index) indicator. The resulting channel is a little similar to the Envelopes, but its lines depend on the market volatility. The sell trade is usually executed fast when the price touches and bounces from the upper line of the channel, buy - from the lower. It is recommended to trade when there is no significant news. The recommended timeframes: M5 - H1. The indicator is not design

FREE

The indicator draws price channels. It can be customized so that only buy or sell channels are displayed. Also, trend lines can be displayed instead of channels. This indicator is easy to use, but nevertheless, there are many trading strategies based on channel trading. Advisor based on this indicator: https://www.mql5.com/en/market/product/37952 Parameters History - maximum number of bars to build channels; Distance - minimum distance from one High (or Low) to another when constructing a chann

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The indicator finds strong trend movements of a currency pair over the specified number of bars. It also finds correction to this trend. When the trend is strong enough, and the correction becomes equal to the values specified in the parameters, the indicator generates a signal. You can set different correction values, while the best suiting are 38, 50 and 62 (Fibonacci levels). In addition, you can configure the minimum length of trend, the number of history bars for search and other parameters

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This Expert Advisor finds the direction of the trend of the currency pair on a given number of bars, after that, it determines the moment of the correction. If the trend is strong enough, and the correction becomes equal to the one specified in the parameters, then the EA trades in the direction of the trend (but only if additional indicator readings confirm the opening of a trade). Since this EA works on corrections, it will not buy at the high or sell at the low of the trend. It has many sett

30 USD

A breakout of a trend line, as well as a high or low, usually signals a change (or continuation) of the trend. This indicator displays lines at the highs and lows of the price, as well as finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable alerts). This indicator is easy to use, however, there are many trading strategies that are based on trendline breakouts. The number of ca

30 USD

Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi

30 USD

This utility is the improved version of Trailing stop for advisors. It manages other EAs' orders as well as the ones opened manually. It is capable of trailing the price (trailing stop function), set a stop loss and take profit if they have not been set before. The Pro version features the ability to set trailing stop based on fractals and points of Parabolic SAR. When configuring the utility for an EA having no trailing stop function, place it to the new window with the same currency pair speci

30 USD

This is a simple and free Expert Advisor that trades candlesticks. It compares several nearest bars and their volumes, and opens a trade based on that data. Unlike the professional version , it analyzes only 1 timeframe. The recommended timeframes for this EA are H1, H4, D1, it works with any currency pairs. The parameters always need to be optimized before trading, as well as after some period of trading. Input Parameters Lots - lot size (if Lots=0, then the lot will be calculated based on th

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The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many tra

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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Param

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This Expert Advisor is the free version of "Bollinger with WPR scalper", which is based on the Bollinger bands and Williams' Percent Range indicators. Limitations of the free version: lot is fixed to 0.01, only the EURUSD currency pair is supported, trading time cannot be selected, trailing stop is not available. Nevertheless, it can make quite a lot of deals, so you do not have to wait for positions to be opened (with the appropriate settings and timeframes below H1). The EA can be used on time

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This indicator is able to determine the price levels at which there was the most volume for the specified period of history. In the future, the price often bounces off such levels, and this can be successfully applied in trading. They are displayed as lines, some parameters for determining the levels can be adjusted. This indicator is simple, therefore, it does not report signals, and only builds levels on EUR/USD. Parameters HistoryBars - the number of bars to determine the near volume levels;

FREE

This indicator draws price channels. Easy to use. It has various settings, for example, you can configure it to show channels only for buy or sell, you can display trend lines instead of channels. There are many trading strategies that are based on trading in channels, you can trade on the rebound from the borders of the channels, or the breakdown of the channel. Parameters History - the maximum number of bars for building channels; Distance - the minimum distance from one maximum (or minimum

10 USD

Moving averages are very often used for analyzing currency pairs and trading. This Expert Advisor can analyze many moving averages at once and trade based on this. When the required number of moving averages signal a purchase, the adviser makes a purchase, if the indicators signal a sale, the advisor sells. Also, there is filtering spurious signals at low volatility based on the ADX indicator. In the settings of the adviser, you can set the required number of sliding ones, their period (the init

15 USD

This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato

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This EA implements the EMA 8/18 strategy, which is used by many traders. Brief description of the strategy: The Buy is determined when the EMA 8 indicator crosses the EMA 18 from below, with the price moving more than 50 points from the crossing. The buy position is opened when the price touches the EMA for the first time, after that, as the price rises, the trade is maintained by a trailing stop with a step of 30-35 points. The opposite is for opening a sell position. The parameters of the fast

10 USD

The Expert Advisor identifies Doji candles on the chart and opens trades when they appear (if they meet the specified parameters). In addition, the EA can also trade with the Engulfing candles. It can display the candles it is trading on, it also shows how the signal candle is set up. The exact settings of the signal candles can be changed and optimized. Also, the Expert Advisor has settings for additional indicators for filtering trade entries and can analyze trading volumes, so that, for exam

30 USD

This EA trades with the trend using several methods to identify and enter a trade. For example, it uses trendlines, Gator and Stochastic indicators to analyze the market. In addition to trading, it can also display trend lines that it trades based on. It has filters for ADX and MA indicators, as well as a sufficient number of settings to be able to optimize on various currency pairs and timeframes. The EA sets stop loss and take profit for each trade, does not have risky trading methods. It i

15 USD

The utility manages other EAs' orders as well as the ones opened manually. It is capable of trailing the price (trailing stop function), set a stop loss and take profit if they have not been set before. When configuring the utility for an EA having no trailing stop function, place it to the new window with the same currency pair specifying the same Magic value (as for the EA orders the stop loss is to be applied to). You can set any timeframe. It does not affect the utility operation. Set Magic

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The demo version of the Colored Candles indicator - calculates the parameters of each candle, as well as its volume. After that, it paints the candles depending on their strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indicator helps to analyze the price movement, as well as market entry points. The more accurate signals are formed on the higher

FREE

Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current

30 USD

Filter:

6764

Miguel Jimenez Cordero 2021.02.18 20:17 #

Good job

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philippe germain 2020.02.27 15:59 #

Testing

Version 1.1 2020.02.24

Minor improvements in displaying information and signaling.