Candlestick Pattern EA
Free candlestick pattern EA · Hammer Engulfing Doji Pin Bar + more · Auto SL/TP · MT4
About Candlestick Pattern EA
The Candlestick Pattern EA is a free automated Expert Advisor for MetaTrader 4, available on the MQL5 Market (product/114476). It automates trade execution based on the detection of specific Japanese candlestick patterns on the price chart. When the EA recognises a valid pattern — such as a Hammer, Inverted Hammer, Engulfing, Doji, Pin Bar, Shooting Star, Three White Soldiers, Three Black Crows, Morning Star, Evening Star, or other standard formations — it immediately executes a trade in the pattern's implied direction.
Each trade comes with a configured Stop Loss and Take Profit. The EA scans the selected pair and timeframe continuously, closing and reopening positions as new patterns form. It is designed as a straightforward, pattern-first system — ideal for traders who believe in the reliability of classic candlestick signals but want automated execution rather than manual order placement.
- Platform: MetaTrader 4
- Strategy: Candlestick pattern recognition and automated trade execution
- Patterns: Hammer, Engulfing, Doji, Pin Bar, Three Soldiers/Crows, Shooting Star, and more
- Entry: Executes immediately on confirmed pattern at candle close
- Risk management: Configurable Stop Loss and Take Profit per trade
- Price: Free on MQL5 Market
- Source: mql5.com/en/market/product/114476