Patterns_EA - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

The Expert Advisor uses indicators of 30 popular candlestick patterns: Patterns .

There are several trade types that can be used to open a position. Open a set type of position for each pattern. Opening positions can be enabled/disabled individually for each pattern or for a group of patterns: single-bar, two-bar and three-bar candlestick patterns.

This indicator is not required for EA operation, since calculation and pattern search are implemented in a special class, which is connected to the EA and located in the same folder.

The EA allows setting Stop Loss and Take Profit in pips, which is the same for all positions. If invalid StopLoss and TakeProfit values ​​are specified, the EA will adjust these values ​​to the minimum allowed symbol of the StopLoss level .

The Expert Advisor also adjusts the lot size if the specified value is incorrect. If the lot size is too large, the EA will adjust it to be able to open a position. If there are no funds to open a position even with the minimum lot size, the signal will be skipped.

The Expert Advisor has 75 configurable parameters. The following are the main 15 parameters:

The remaining 60 parameters are switches of forms and position types, which need to be turned on according to these forms.

** There are six modes to choose from:

Position opening mode: always one position, "External" mode opens for selling. Default values ​​are used for other settings.

Attachment download

📎 patterns_ea.mq5 (78.85 KB)

📎 include.mqh (10.43 KB)

📎 patterns.mqh (71.1 KB)

Source: MQL5 #20074