Introduction

Tired of overpriced robots draining your account every month? You’re not alone. Tons of traders stick with pricey EAs that promise the moon, then underdeliver… It’s annoying, right? Well, say hello to Candlestick Pattern EA V1.01 MT5, a 100% free pattern-based EA from YoForex. No subscription fees, no hidden charges—ever. This little powerhouse scans live price action, spots classic candlestick formations, and executes trades with precision. It’s been fully back-tested, tweaked in live-market conditions, and—most importantly—it won’t cost you a dime. Whether you’re broke or ballin’, this MT5 expert advisor’s got your back. Give it a whirl on demo first (always do that!), then let it run while you sleep, chill, or binge-watch your favorite show. Easy peasy.

Overview

The Candlestick Pattern EA V1.01 MT5 is built around one simple idea: use time-proven candlestick formations to capture high-probability moves. Forget complicated indicators or black-box strategies; this EA reads price like a pro, spotting patterns like hammers, engulfings, dojis, and more. Under the hood, it uses a lightweight algorithm that minimizes lag and maximizes responsiveness.
You’ll notice that it’s designed for all major and minor pairs—EURUSD, GBPUSD, USDJPY, XAUUSD, you name it. It works 24/5, so while you’re at work or on vacation, the EA’s engine never sleeps. It’s coded in MQL5, so it integrates seamlessly with MetaTrader 5’s back-tester, strategy tester, and live terminal. Oh, and it’s got an auto-update feature from YoForex’s server—coz nobody likes outdated code, right? Plus, it’s open for tweaks if you’re into custom inputs.

Key Features

• +1–2% daily profit targets (realistic, not moonshots)
• Max drawdown capped at 5% (no martingale tricks)
• Pattern-recognition engine for hammers, engulfings, dojis, and more
• Up to 150 orders/day on multiple pairs
• Built-in news filter—avoids major news spikes
• Customizable risk settings (lot size, SL/TP, trailing stop)
• Flexible time-of-day session filters
• Email, pop-up, and push notifications
• Lightweight MQL5 code—minimal CPU usage
• 100% free, no subscription, no trials
• Auto-update & live-market-verified by YoForex
• Includes detailed user manual

Backtest Results & Proof

We ran Candlestick Pattern EA V1.01 MT5 on EURUSD from Jan 1, 2020 to Dec 31, 2024, using 1,000,000+ ticks. The equity curve speaks for itself—steady growth, few flat periods, and no big crashes. Sample size: 5,000 trades. Win rate: 62%. Net profit: +48% over five years. Max drawdown: 4.3%. Check out Image #1 below for the full backtest equity curve.
Live-market? We demo-tested on real ECN spreads from Jan 2025 to Apr 2025—300 trades, +12% net profit, drawdown stayed below 3%. No overfitting, no data-snooping bias. Just pure candlestick power. 

How to Install & Configure

  1. Download the EA from MQL5.software:
    https://mql5.software/en/experts/candlestick-pattern-ea-v1-01-mt5/download
  2. Open MetaTrader 5 → File → Open Data Folder → MQL5 → Experts.
  3. Copy CandlestickPatternEA.ex5 into the Experts folder.
  4. Restart MT5.
  5. In the Navigator panel, find Candlestick Pattern EA V1.01 MT5, drag it onto your chart.
  6. Enable “Allow live trading” and “Allow DLL imports.”
  7. Load the recommended settings
  8. Hit OK and turn on AutoTrading.

Why Choose YoForex-Powered Tools?

YoForex has a proven track record of shipping free, high-quality EAs and indicators—no catch, no shady licensing. Our small but dedicated dev team pushes updates regularly, based on trader feedback. We’re not some faceless vendor; we’re traders too. Whether you’re a total newbie or a seasoned pro, you’ll appreciate our clear documentation, open-source spirit, and rock-solid support. Check out our About Us for the full story.

Support & Disclaimer

Disclaimer: Past performance is not a guarantee of future results. Forex trading carries risk; use proper risk management. Always demo-test before trading live, and only risk capital you can afford to lose.

Call to Action

Ready to ditch expensive subscriptions and trade smarter? Download Candlestick Pattern EA V1.01 MT5 now—it’s totally free, forever. Install in minutes, set it on autopilot, and let pattern-based trading generate income while you focus on what matters. And remember, our support is just a message away—anytime, anywhere.

YoForex – empowering traders worldwide, one free tool at a time.