Introduction

Ever been caught on the wrong side of a sudden market flip? It hurts… and ain’t fun watching price zip past your stop. Most traders rely on laggy oscillators or repainting tools that leave them guessing. Enter HEDAM BABA V1.0 MT4, a free, candlestick-pattern-based reversal indicator from YoForex. This tool automatically scans your chart’s timeframe plus a higher “confirmation” timeframe to spot classic reversal formations—head-and-shoulders, double tops/bottoms, engulfing bars, morning/evening stars, and more. When a valid pattern completes, it plots a bold arrow and fires an alert (pop-up, sound, email or push)… instant, reliable, no repainting. Best of all? It’s totally free on MQL5.software. Read on to see why HEDAM BABA could become your new secret weapon for pinpoint entries and exits.

Overview

HEDAM BABA V1.0 leverages the power of candlestick analysis—one of the oldest, yet most effective technical methods—to identify market turning points. Unlike indicators based purely on moving averages or oscillators, candlestick patterns reflect real battle-tested price psychology. HEDAM BABA’s engine continuously watches two timeframes:

  • Chart Timeframe (e.g., H1): where you trade.
  • Confirmation Timeframe (e.g., H4): for trend alignment.
  • When both timeframes confirm the same reversal pattern within a configurable look-back window, the indicator plots an arrow on your chart—green up arrow for bullish reversals, red down arrow for bearish. You’ll also get your chosen alert(s), so you don’t miss a beat, even if you’re glued to another screen or grabbing a coffee.

This “double-filter” approach cuts out noise and false breakouts. Scalpers, swing traders and even position traders will appreciate how HEDAM BABA balances sensitivity with reliability. It’s coded in lean MQL4 for minimal CPU load—run it on ten charts if you like, MT4 won’t bat an eye.

Key Features

• Multi-Timeframe Confirmation: scans both your chart timeframe and a higher one for pattern agreement.
• Candlestick Pattern Library: automatic detection of head-and-shoulders, double tops/bottoms, bullish/bearish engulfing, morning/evening stars, hammer, shooting star, and more.
• Arrow Alerts: clear, color-coded arrows marking reversal points—green for buy, red for sell.
• Alert Options: choose pop-up, sound, email, push notifications—or any combination.
• No Repainting: plots lock in at candle close, so signals never move or vanish later.
• Adjustable Sensitivity: tweak pattern strength thresholds (strict to lenient) to suit scalps or swings.
• Session Filter: optional restrict signals to London, New York or Tokyo sessions for cleaner setups.
• Low Resource Usage: optimized code keeps MT4 running smoothly, even on older PCs.
• Asset-Agnostic: works on Forex majors, exotics, metals, indices, cryptocurrencies—if it has candlesticks, HEDAM BABA reads it.
• Lifetime Free Updates: YoForex’s promise—fresh features and bug-fixes based on your feedback.

Backtest Results & Proof

Symbol    Timeframe    Net Profit (pips)    Max Drawdown    Trades    Win Rate
EURUSD    H1/H4            +12,800    7.0%                 950               61%
GBPUSD    H1/H4            +9,200    6.5%                 700               59%
XAUUSD    H1/H4            +520 oz    6.1%                 340               63%
 

Support & Contact

Disclaimer

Trading involves risk; past results don’t promise future gains. Always demo-test any tool, manage risk wisely, and never risk more than you can afford to lose. HEDAM BABA V1.0 is provided “as is” without warranty—use at your own discretion.

Call to Action

Ready to catch reversals with pinpoint accuracy? Download HEDAM BABA V1.0 MT4 now—100% free on MQL5.software! Elevate your entries and exits with reliable candlestick pattern alerts. Install today and join thousands of traders who’ve sharpened their edge.