Doji Candlestick Pattern Expert MT4
Free automated Doji pattern EA | Detects Doji candles | Configurable SL/TP | MT4
About The Doji Candlestick Pattern Expert MT4
The Doji Candlestick Pattern Expert is a free automated Expert Advisor in the MQL5 Code Base for MetaTrader 4, published in September 2024. This EA automatically detects the classic Doji candlestick pattern on any chart and executes trades when a Doji forms: a Doji pattern occurs when the open and close prices of a candle are very close to each other, creating a cross or plus-sign shape that signals market indecision. The EA enters a trade at the close of the Doji candle with configurable lot size, stop loss, and take profit parameters, allowing traders to automate Doji-based price action strategies without manual intervention.
- Platform: MetaTrader 4
- Price: Free (MQL5 Code Base)
- Published: 2024-09-22
- Pattern: Classic Doji (open ≈ close, market indecision)
- Trade execution: Automated entry at Doji candle close
- Parameters: Configurable lot size, SL, TP
- Source: mql5.com/en/code/52297
Key Features
✓ Completely free — open source from the MQL5 Code Base
✓ Automated Doji trading — no manual entry needed when a Doji forms
✓ Configurable SL and TP — adapt to your preferred risk/reward ratio
✓ Works on all pairs and timeframes — universal Doji detection logic
⚠ All Doji patterns are traded equally — add a trend or S/R filter for higher-probability entries
⚠ Free code-base EA — test thoroughly on a demo account before live use