Chart Patterns full MT4
by Mohamed Amr Mohamed Osama Abdelwahab · MT4
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Summary
Chart Pattern Signals is a low-cost MT4 indicator by Sivakumar Subbaiya priced at $30. Its appeal is simplicity and pattern-focused signals, but rating and performance stats are not available and results depend on spreads and broker rules. Alternatives like Haven Candle Timer, MTF Trend Monitor, STRAT Price Action Scanner, Currency Strength Meter Pro for MT5, and MACD Intraday Trend PRO offer stronger feature sets, higher-rated authors, or multi-timeframe and multi-currency capabilities. Traders should weigh platform fit, execution risk, and drawdown tolerance. FxRobotEasy independently reviews all products but does not guarantee outcomes.
Retail forex traders compare Chart Pattern Signals against alternatives to find the right balance of cost, functionality, and reliability. At $30 and designed for MT4, Chart Pattern Signals targets traders who want pattern-based alerts without complex setups. However, lacking verified performance data and an assigned user rating raises questions about consistency across brokers, spreads, and market regimes. Alternatives may include built-in timeframe aggregation, strength meters, or different signal logic that better matches some traders' strategies. Comparing features, platform compatibility, and risk implications helps traders choose tools that fit their execution environment and risk tolerance.
| Metric | Chart Pattern SignalsMain Product | Trendopedia Ai Our bot | Chart Patterns full MT4 | Chart Navigator MT4 Base | Chart Patterns MT4 | Chart Navigator MT4 |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $30 | $149 | $30 | N/A | $30 | $39 |
| ROI | N/A | +291.1% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 429 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Chart Pattern Signals is an MT4 indicator by Sivakumar Subbaiya priced at $30 and positioned as a pattern-detection tool for retail traders. Strengths include affordability, straightforward pattern alerts, and ease of installation for MT4 users. Weaknesses are the lack of a publicly assigned rating (N/A/5) and no verified performance stats available, which makes expectation-setting harder. The indicator suits discretionary traders who use chart patterns and want a lightweight alert system, or those testing pattern-based entries on demo accounts. Platform realities matter: broker spreads, execution delays, and margin rules affect real-world results, and drawdowns are possible with any indicator. Traders should backtest and demo first. FxRobotEasy independently reviews this product as part of its indicator coverage.
by Mohamed Amr Mohamed Osama Abdelwahab · MT4
by Ivan Butko · MT4
by Agus Santoso · MT4
by Ivan Butko · MT4
Chart Pattern Signals is an affordable MT4 indicator useful for traders who want a lightweight pattern alert tool at $30. However, the lack of an assigned rating and no verified stats available means traders should proceed cautiously and validate on demo accounts. Alternatives in this comparison offer complementary strengths: timing, multi-timeframe trend, price-action scanning, currency strength, and intraday momentum. Consider platform fit—MT4 versus MT5—broker spreads, execution latency, and drawdown tolerance. FxRobotEasy independently reviews products and also offers verified bots as alternative solutions for traders seeking more automated, tested approaches.
Whether Chart Pattern Signals is worth buying depends on your needs. At $30 it is low-cost and suitable for traders wanting simple pattern alerts on MT4. However, the product has no rated score (N/A/5) and no verified performance stats available, so you should test it on a demo account, evaluate how it behaves under your broker's spreads and execution, and avoid assuming guaranteed results.
There is no single best alternative; suitability depends on your strategy. For timing use Haven Candle Timer Countdown, for multi-timeframe bias pick MTF Trend Monitor, for systematic price-action scanning choose STRAT Price Action Scanner, for pair selection use Currency Strength Meter Pro on MT5, and for intraday momentum consider MACD Intraday Trend PRO. All alternatives lack verified public performance stats in the provided data, so demo testing is recommended.
Chart Pattern Signals runs on MT4, so it requires a broker that supports MT4. Even with compatible brokers, execution quality will vary: spreads, requotes, slippage, and margin rules affect real outcomes. Always demo the indicator with your broker to see how signals perform under live spreads and latency, and implement risk controls for possible drawdowns.
While evaluating Chart Pattern Signals and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+291.1%
Total Return
22.0%
Max Drawdown
56%
Win Rate
429
Total Trades