Candle Patterns EA

69 June 3, 2025

USER GUIDE – Candle Patterns EA

The MeetAlgo Candle Patterns EA is a fully automated trading robot designed to detect and trade multiple candlestick reversal patterns across various timeframes. With built-in flexibility for strategy customization, trend filtering, and candle body validation, this EA provides high-precision entries for traders who rely on price action and candle signals.

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STRATEGY SECTION

 

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🔘 Active Candle Pattern Block

  • Candle_Active1 / Candle_Active2 / Candle_Active3:
    Enables or disables each individual candle pattern strategy block.

    • On: Enables the block to generate trading signals.

    • Off: Disables the block from participating in any trading decision.

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🕯️ Pattern Filters (Enable/Disable per Block)

Each pattern can be turned on/off per strategy block.

Parameter Description
isEngulfing Bullish/Bearish Engulfing
isHarami Bullish/Bearish Harami
isTweezerBottomTop Tweezer Bottom & Top
isMorningEveningStar Morning Star & Evening Star
isMorningEveningDojiStar Morning Star Doji & Evening Star Doji
isAbandonedBaby Abandoned Baby (Bullish & Bearish)
isThreeOutsideUpDown Three Outside Up & Down
isThreeInsideUpDown Three Inside Up & Down
isKicker Bullish/Bearish Kicker Pattern
isPiercingDarkCloud Piercing Line & Dark Cloud Cover
isHammerHangingMan Hammer & Hanging Man
isInvertedShootingStar Inverted Hammer & Shooting Star
isThreeCrowsSoldiers Three Black Crows & Three White Soldiers
isRisingFallingThree Rising Three & Falling Three
isTasukiGap Upside/Downside Tasuki Gap
isMatHold Mat Hold Pattern
isInsideBar Inside Bar Breakout Pattern
isDoji Doji Pattern with Confirmation
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📉 ZigZag Trend Filter (Optional)

This feature allows candle patterns to align with the recent ZigZag trend direction.

Parameter Description
ActiveZigZag Enables the ZigZag trend confirmation logic
InpDepth / InpDeviation / InpBackstep ZigZag indicator settings for wave detection
NumberOfCandleVaildZigZag Max bars to check for last ZigZag point

 

Logic:

  • If the last ZigZag point is at a candle high, the EA considers it a Sell trend.

  • If it’s at a candle low, the EA considers it a Buy trend.

 

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📏 Candle Body Size Filters

This section ensures signal candles meet body size rules (optional):

Input Description
MaxBodyCandle1...5 Max body size for Candle 1–5 (in points)
MinBodyCandle1...5 Min body size for Candle 1–5 (in points)

  • 0 = Disabled

  • The body size is calculated as: MathAbs(Open - Close)

 

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🔍 Timeframe Selection

  • Candle_TF1 / TF2 / TF3:
    Specifies the timeframe on which each strategy block analyzes candle data (e.g., M5, H1, D1). You can match the chart or choose different timeframes per block.

  • Candle_Shift1 / Shift2 / Shift3:
    Defines which candle the EA uses for signal evaluation.

    • 0 = Current candle

    • 1 = Previous candle

    • Use higher shift values for more conservative signals.

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🔄 Reverse Signal

  • ReverseCandleSignal1 / 2 / 3:

    • False: Uses default logic (e.g., bullish = Buy, bearish = Sell).

    • True: Reverses signal direction (e.g., bullish = Sell).

 

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OTHERS COMMON PARAMETERS

MULTI-PAIR SECTION

INITIAL TRADE SECTION

LOSS RECOVERY SECTION

TRADE CLOSING SECTION

COMMON SECTION

 

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Any Questions?

If you have any questions, please first search our product help forum for the answer, and if you cannot find it, post a new question.

 

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Need a Broker

If you are still looking for a broker you can trust, look at our best broker lists.

 

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Need Coding Help?

If you need help creating your own customized automated trading system, contact our development team for a quote.

 

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