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Activations:
30
Current version:
1.2
Published:
06/03/2025
Updated:
06/05/2025

Candle Patterns EA v.1.2

Robot, MetaTrader 4, MetaTrader 5, Trading Software

$29

  • ✎ Overview
  • ? Changelog

18+ Smart Candlestick Pattern Recognition + Algo Precision

Smart Candlestick Pattern Recognition + Algo Precision

The MeetAlgo Candle Patterns EA 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.

 

 

🧠 Entry Logic

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.

 

Key Functions.

Multi-Pair Trading

With multi-pair trading, you can trade multiple currency pairs from a single chart. This feature allows you to activate or deactivate multi-pair functionality, define specific pairs to trade, and control trading across different markets efficiently.

Initial Trade Management

This section manages the EA’s initial trade settings, including risk management and trade timing. It includes general settings like lot sizes and trade filters, stop trading functions based on profit/loss or trade frequency, and precise trade timing controls to align with your strategy. Additionally, the News Stop Filter ensures that trades are paused during high-impact news events.

Loss Management System

The EA features robust loss recovery strategies, including Grid Trading (Loss Side and Profit Side) and Martingale techniques. These strategies help recover from losses by opening additional trades in calculated intervals, leveraging market retracements, and securing profits efficiently.

Trade Closing Functions

This section provides advanced trade-closing options, including Basic Take Profit/Stop Loss settings, Partial Closing to lock in profits incrementally, and filters to close trades based on time, profit, or drawdown thresholds. It also includes Break-Even and Trailing Stop functions to maximize profit while minimizing risk.

Common Functions

The Common Section includes essential configurations like slippage control, MagicNumber for identifying EA trades, and error-handling settings for seamless operation. Additionally, the Display feature provides a real-time dashboard on the chart, showing profits, account balance, and trade activity.

 

Common Function Glossary.

Please read our common input parameters.

 

Version Comparison

We offer two versions of the Moving Average EA: Lite and Pro.

Discover the differences and choose the version that suits your trading needs: Compare Versions.

 

Custom Development

Looking for a personalized solution? We offer custom development services to tailor this EA or create a completely new trading robot according to your specific requirements. For more details and to request a quote, visit Request a Quote.


White Label Service

Build your own brand with our White Label service! We can customize the Moving Average EA with your branding, providing a ready-to-sell solution for your business. Contact us for more details on this exclusive service, contact with us.

 

Any Questions?

We’re here to help! If you have any questions about our EA or services, please don’t hesitate to reach out to us. Visit our contact page for more information: Contact Us.

Version 1.2 – 2025.06.05

FIXED BUGS: Fixed an issue where the EA stopped after placing two orders when set to "Only Long" mode. The logic has been corrected to ensure continuous trade execution as expected.

Version 1.1 – 2024.01.04

FIXED BUGS: Resolved a critical “array out of range” error in CandleTrade.mqh that occurred during execution on MT4, ensuring stable performance for the Candle Patterns EA.

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SKU: N/A Categories: Robot, MetaTrader 4, MetaTrader 5, Trading Software Tags: freetradingrobot, generaltradingtool, newproduct, popularproduct, Premium-Membership
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    MeetAlgo LLC is a software development company specializing in building trading tools and indicators for MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and NinjaTrader platforms. We are not a broker and do not offer investment or trading advice. All tools, Expert Advisors (EAs), and indicators provided by MeetAlgo are strictly for informational and educational purposes only and should not be interpreted as financial advice.

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    All strategies, charts, backtests, and examples shown on our website are for demonstration purposes only and reflect hypothetical performance. Past performance does not guarantee future results.

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    Trading financial instruments such as forex, CFDs, and futures carries a high level of risk and may not be suitable for all investors. You could lose more than your initial investment. Approximately 74–89% of retail traders lose money when trading CFDs. You should only trade with capital you can afford to lose.

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