Candlestick Patterns Scanner Indicator V1.2 MT4: Revolutionize Your Forex Strategy


Tired of missing crucial candlestick formations that can signal market reversals or continuations? You’re not alone. In the fast-paced world of Forex trading, a single pin bar or engulfing pattern can mean the difference between a winning trade and a painful loss. Manual scanning sucks time and focus, and frankly, it’s easy to overlook key setups when you’ve got charts piled high and alerts going off everywhere. Enter the Candlestick Patterns Scanner Indicator V1.2 MT4, your automated eyes and ears for spotting high-probability candlestick patterns in real time. It’s lightweight, easy to install, and built to work seamlessly on MetaTrader 4—so you can trade smarter, not harder.


What Is the Candlestick Patterns Scanner Indicator V1.2 MT4?


The Candlestick Patterns Scanner Indicator V1.2 MT4 is a custom MT4 indicator designed to automatically detect a wide range of popular candlestick formations—things like doji, hammer, shooting star, engulfing bars, and more—across multiple timeframes. Instead of squinting at every chart on your desktop, this tool highlights pattern signals directly on your screen, complete with pop-up alerts and configurable filters. It’s fully coded in MQL4, tested across hundreds of live market hours, and updated regularly to catch emerging pattern variations.


Key Features


Before you blink and scroll away, here’s what makes this scanner stand out:



  • Real-Time Multi-Timeframe Scanning: Scan up to nine MT4 timeframes simultaneously—from M1 to Monthly.

  • 12+ Recognized Patterns: Includes Doji, Hammer, Engulfing, Tweezer Tops/Bottoms, Morning/Evening Stars, and more.

  • Custom Alert System: Choose between on-screen arrows, email notifications, mobile push alerts, or sound alarms.

  • Filter by Trend and Volume: Weed out false signals with built-in trend direction and tick volume filters.

  • Customizable Pattern Sensitivity: Adjust pattern criteria to be conservative or aggressive, depending on your risk profile.

  • Dashboard Overview Window: Easy-to-read pop-up window shows all detected patterns at a glance.

  • Low CPU Footprint: Optimized code ensures you won’t slow down your MT4, even with dozens of charts open.

  • Color-Coded Signals: Immediate visual feedback—green arrows for bullish patterns, red for bearish.

  • Cross-Instrument Capability: Works with Forex majors, commodities, indices, and even cryptocurrencies.

  • Free Updates & Support: Lifetime free version updates plus dedicated support via our Telegram group.


 


Candlestick Patterns Scanner Indicator V1.2 MT4


 


How It Works


Behind the scenes, the indicator constantly scans each candlestick as soon as it closes. The logic compares open, high, low, and close values against pattern definitions stored in its code library. When a pattern match occurs, the indicator checks additional filters—like current trend direction (via moving averages) or minimum volume thresholds—to reduce false positives. Once everything lines up, you get a clear arrow on the chart, plus an alert in your chosen format. No more staying glued to the screen all day… you’ll only act when there’s a real setup.


Real-Time Scanning


As soon as your broker’s server sends the closing price of a candle, the scanner kicks in. There’s zero lag, so you won’t miss the first tick after a pattern forms.


Customizable Patterns


Don’t like the default hammer sensitivity? Tweak the body-to-wick ratio or the minimum candle size in the inputs panel—coz one size definitely doesn’t fit all.


Visual & Audio Alerts


Prefer a chime or custom WAV file over email? No problem. The alert system is totally yours to configure, so you’ll never ignore a signal.


Benefits of Using This Indicator



  1. Save Time & Effort: Manual pattern recognition is tedious; let the tool handle it.

  2. Increase Accuracy: Built-in filters cut down on noise, so you see only high-quality setups.

  3. Trade Multiple Pairs: Run the scanner on eight charts at once without breaking a sweat.

  4. Reduce Emotional Errors: Automated alerts keep you disciplined; you won’t chase trades out of FOMO.

  5. Adapt to Any Strategy: Whether you’re a scalper on M5 or a swing trader on H4, you’ll get relevant patterns.

  6. Backed by Live Testing: Over 1,000 hours of backtests and 200+ hours of demo trading confirm its reliability.


 


Candlestick Patterns Scanner Indicator V1.2 MT4


 


How to Install & Configure


Getting started with the Candlestick Patterns Scanner Indicator V1.2 MT4 is a breeze:




  1. Download




    • Grab the .ex4 file from your member area or our website.






  2. Copy to Experts Folder




    • In MT4: go to File → Open Data Folder → MQL4 → Indicators. Paste the file there.






  3. Restart MT4




    • Close and reopen MT4 so it picks up the new indicator.






  4. Attach to Chart




    • Find it under Navigator → Indicators → Experts. Drag it onto your preferred chart.






  5. Configure Inputs




    • Open the “Inputs” tab: set timeframes to scan, enable/disable specific patterns, tweak alert options, and adjust sensitivity sliders.






  6. Save a Template




    • Save your settings as a chart template so you can load them instantly across different pairs.






Best Settings & Pro Tips


• Timeframe Selection: Start with H1 and H4 to filter out noise. Add M15 if you want intraday entries.
• Trend Filter: Use a 50-period EMA to confirm direction—only take bullish patterns above the EMA, bearish below.
• Volume Threshold: Set a minimum tick volume of 20 to avoid thin-market patterns.
• Pattern Sensitivity: Beginners might stick to “Strict” mode; experienced traders can slide towards “Relaxed” for more signals.
• Chart Layout: Keep charts clean—disable other indicators if you’re focusing solely on candlestick patterns.
• Demo First: Always test new settings on a demo account to fine-tune alert speed and filter strength.


Why Choose the Candlestick Patterns Scanner Indicator V1.2 MT4?


You’ve tried free scanners that scream at you every two minutes; you’ve seen expensive robots that over-engineer simple setups. This indicator strikes the sweet spot: it’s affordable, lightweight, and laser-focused on what matters—candlestick patterns. Our development team consists of seasoned MQL4 coders and veteran price-action traders who keep the code lean and the updates frequent. Plus, you’ll get regular version releases and bug fixes at no added cost.


Support & Disclaimer


If you hit any snag—be it installation quirks or pattern mismatches—reach out on Telegram: t.me/yoforexrobot or ping us on WhatsApp: wa.me/+443300272265. We aim to reply within 24 hours.
Remember: past performance doesn’t guarantee future results. Candlestick patterns work best when combined with solid risk management; always demo test before going live.


Conclusion & Call to Action


Ready to stop scouring charts and start trading smarter? Download the Candlestick Patterns Scanner Indicator V1.2 MT4 now and unlock your next edge in the Forex market. Install it in minutes, customize your patterns in seconds, and trade with confidence every time you spot a pin bar or engulfing candle.


Grab your free copy today, and join traders worldwide who trust this MT4 indicator for precision pattern alerts.



Happy Trading!