CAP Candle Patterns Pro EA

The MeetAlgo Candle Patterns EA MT4 is a powerful, fully automated Expert Advisor designed to detect and trade dozens of high-probability candlestick patterns—used by professional traders for decades to spot key market reversals and momentum shifts. With advanced filtering, trend-following logic, and customizable entry parameters, this EA turns classical price action into algorithmic precision.

Whether you’re a seasoned trader or new to algorithmic systems, the Candle Patterns EA gives you full control to tailor entry logic across multiple strategies and timeframes.


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Functions

  • Easy to use and customizable Breakout setting.
  • Customizable indicator settings
  • Built-in money management
  • Grid trading when trade in Loss
  • Customizable break-even, SL, TP and trailing-stop
  • Filter trading by multiple forex sessions
  • Built-in news filter. EA automatic download news data from news website.   
  • Grid trading when trade in Profit (In Pro Version)
  • Initial trade stop filter- you can set a daily time zone so EA will close all trades in that time.  (In Pro Version)
  • Trade close filter by Daily time  (In Pro Version)
  • Implements a martingale features  (In Pro Version)
  • Partial Closing (In Pro Version)


Entry Strategies

Supports 18+ Candlestick Strategies

Each strategy includes both bullish and bearish detection (if applicable):

  1. Engulfing (Bullish/Bearish)

  2. Harami (Bullish/Bearish)

  3. Tweezer Bottom / Top

  4. Morning Star & Evening Star

  5. Morning/Evening Star Doji

  6. Abandoned Baby (Bullish/Bearish)

  7. Three Outside Up / Down

  8. Three Inside Up / Down

  9. Kicker Pattern (Bullish/Bearish)

  10. Piercing Line & Dark Cloud Cover

  11. Hammer & Hanging Man

  12. Inverted Hammer & Shooting Star

  13. Three White Soldiers / Black Crows

  14. Rising Three / Falling Three

  15. Tasuki Gap (Upside/Downside)

  16. Mat Hold (Bullish/Bearish)

  17. Inside Bar Breakout

  18. Doji with Confirmation


Advanced Filtering Options

  • Candle Body Size Filter (per candle, per strategy)

  • ZigZag Trend Filter – Trade in the direction of the last market swing

  • Multiple Strategy Slots (Pro version: supports 3 independent sets)

  • Signal Bar Shift Control

  • Reverse Signal Option for all strategies


This EA is ideal for traders who prefer technical price action setups combined with rule-based automation. Build your own logic combinations, optimize for different pairs/timeframes, and let the EA handle precise entries.



    Input Parameters

    For a complete description of the input parameters of the EA, kindly read the   user guide.



    Support

    I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


    Official Channel

    To get product news, setting files, and free indicators, please subscribe to our Official Channel.


    Author

    Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌

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    Leonid Arkhipov
    4.94 (32)
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    Lachezar Krastev
    4.58 (24)
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    MQL TOOLS SL
    5 (16)
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    Andrey Barinov
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    Felipe Jose Costa Pereira
    5 (4)
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    AW Trading Software Limited
    4.35 (84)
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    Ebrahim Mohamed Ahmed Maiyas
    5 (1)
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    Burak Baltaci
    3 (2)
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    Nguyen Hang Hai Ha
    3.13 (8)
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    DMITRII GRIDASOV
    3.67 (3)
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