This MetaTrader 5 utility is a comprehensive manual trading panel and risk management suite. It simplifies order execution by calculating lot sizes based on a defined risk percentage of account equity. Users can manage trades via automated break-even points, multi-mode trailing stops including Fractals, Moving Averages
Utility · MT5
Identical Candlestick Scanner
This MetaTrader 5 tool scans historical price data to identify candlesticks with identical characteristics to the most recently closed candle.
GitHub stars1
Forks0
Last update8 years ago19 Sep 2018
LicenceNone stated
Overview
Identical Candlestick Scanner functions as a pattern recognition utility for identifying Japanese Candlestick formations such as the Homing Pigeon and Marubozu across various timeframes. The expert operates using a timer-based scanning mechanism rather than standard tick processing. While the repository includes trading libraries, the core logic focuses on scanning and pattern identification for technical analysis or as a template for further development.
- Japanese candlestick pattern recognition
- Real-time and historical price scanning
- Timer-based execution logic
- Support for Marubozu and Homing Pigeon patterns
Details
Author
reuniware on GitHub
Type
Utility
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Input parameters
Read from HomingPigeon_Marubozu.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
scanPeriod | int | 5 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone reuniware/Identical-Candlestick-Scanner from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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