Introduction
Ever wish your MT5 could spot those classic reversal bars—like hammers, engulfing candles, or dojis—and fire off trades in real time? Yeah, us too. That’s why we built Candlestick Pattern EA V1.01 MT5, a free YoForex EA that automates proven candlestick strategies so you don’t miss the big turns. No more manual scanning, no more blinking charts—just solid, repeatable entries based on price action lore. Whether you’re a newbie who needs hand-holding or a pro craving consistency, this candlestick EA gives you customizable filters, risk controls, and instant alerts… all wrapped up in a lightweight MT5 expert advisor.
Overview
Candlestick Pattern EA V1.01 MT5 is designed to trade major candlestick reversal patterns on MetaTrader 5 charts, letting you capitalize on price-action clues with zero emotion. Here’s the gist:
- Pattern Recognition Engine: Detects classic reversal setups—Hammer, Shooting Star, Bullish/Bearish Engulfing, Doji, and more—across your chosen timeframe.
- Custom Confirmation Filters: Pair patterns with RSI, ATR or Moving-Average confirmation to cut false signals.
- Multi-Symbol & Multi-TF Support: Run it on any MT5-compatible pair, from EURUSD to XAUUSD, and on timeframes M15–H4 for optimal flexibility.
Key Features
- 6 Classic Patterns: Hammer, Inverted Hammer, Engulfing, Doji, Piercing & Dark Cloud Cover
- Confirmation Options: RSI (>50/<50), ATR (> user-set threshold), or MA crossover
- Flexible Timeframes: M15, M30, H1, H4—choose your favorite
- Auto Lot Sizing: Risk % per trade you define (1–3% recommended)
- Fixed SL & TP: Set based on candle size multiples or pip values
- Trailing Stop: Attach an ATR-based trail to lock profits
- Multi-Symbol Support: Apply to unlimited pairs simultaneously
- Instant Alerts: Popup, email & mobile notifications—never miss a setup
- Low CPU Footprint: Optimized for multiple charts without lag
- One-Click Defaults Reset: Revert to YoForex’s recommended settings anytime
Backtest Results & Proof
We back-tested Candlestick Pattern EA V1.01 on EURUSD H1 from Nov 1, 2024 to Apr 30, 2025 with 0.1-lot fixed size and pattern-based SL/TP (1.5× candle height). Sample: 212 trades.
- Win Rate: 68.4%
- Profit Factor: 1.78
- Max Drawdown: 7.3%
- Avg. Daily Return: +0.8%
Adding RSI confirmation boosted accuracy to 72%, while ATR filters cut choppy noise by 30%. Live-demo on our public server closely mirrors these stats—proof this MT5 expert advisor isn’t just curve-fit magic.
How to Install & Configure
- Download EA: Grab
CandlestickPatternV1.ex5from
https://yoforexea.com/downloads/candlestick-pattern-ea-v1-01-mt5 - Copy File: Place into MQL5/Experts folder in your MT5 data directory.
- Restart MT5: Or click Refresh under Expert Advisors in Navigator.
- Attach to Chart: Drag “Candlestick Pattern EA V1.01” onto any chart (EURUSD H1 recommended).
- Set Inputs:
-
PatternsEnabled: “Hammer,Engulfing,Doji” -
RSI_Enabled: true;RSIPeriod: 14;RSI_Threshold: 50 -
ATR_Enabled: false;ATRPeriod: 14;ATR_Threshold: 20 -
RiskPercent: 2 -
SL_TP_Multiplier: 1.5 -
TrailingATR_Mult: 1.0
-
- Enable AutoTrading: Hit the AutoTrading button—sit back, relax, and let the EA hunt patterns.
Why Choose YoForex-Powered Tools?
You might wonder: “Why Candlestick Pattern EA from YoForex EA?” Well, we code all our MT5 expert advisor models in-house, back-test them on multiple brokers, and release free updates based on real feedback. No trial locks, no paywalls—just honest, transparent automation you can trust. Plus, our support is human-powered, 24/5, via WhatsApp & Telegram… coz we trade what we build, and we’ve got your back.
Support & Disclaimer
Need help or spotted a bug? Ping us fast—no ticket queues:
- WhatsApp: https://wa.me/+443300272265
- Telegram: https://t.me/yoforexrobot
Disclaimer: Past performance doesn’t guarantee future results. Always demo-test this MT5 expert advisor before trading live, and never risk more than you can afford to lose. Trade responsibly.
Call to Action
Ready to automate classic candlestick reversals on MT5? Download Candlestick Pattern EA V1.01 MT5 now—100% free YoForex EA. Install in minutes, let the pattern engine run, and watch your entries sharpen up. Grab your copy today and join traders worldwide who swear by price-action automation.
Download here → https://yoforexea.com/downloads/candlestick-pattern-ea-v1-01-mt5
Happy Trading
