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Candlestick pattern EA (MT4) — review, price and free alternatives
MT4 expert advisorfree on MQL5by Menaka Sachin Thorat
Candlestick pattern EA is a free MetaTrader 4 expert advisor by Menaka Sachin Thorat on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Candlestick pattern EA — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Developer
- Menaka Sachin Thorat
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Candlestick pattern EA on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Certainly! A candlestick pattern EA is an Expert Advisor that automates the process of identifying specific candlestick patterns on a price chart and making trading decisions based on those patterns.
Before you use Candlestick pattern EA
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Candlestick pattern EA
Compiled from its public MQL5 listing. FxRobotEasy has not traded Candlestick pattern EA; what these notes say about how it works comes from that listing.
Overview
Candlestick pattern EA by Menaka Sachin Thorat represents a comprehensive automated trading solution for MT4 traders. What sets Candlestick pattern EA apart is its balanced approach to trade execution and capital preservation.
Risk notes
Candlestick pattern EA implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Menaka Sachin Thorat
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Candlestick pattern EA on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
Looking for a trading robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Scalperology AIby FxRobotEasy
Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
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The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Candlestick pattern EA or Scalperology AI?
| Candlestick pattern EA | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Menaka Sachin Thorat | FxRobotEasy |
Candlestick pattern EA — questions
What is Candlestick pattern EA?
Candlestick pattern EA is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Menaka Sachin Thorat, and it is listed at no charge. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does Candlestick pattern EA work on MT4 or MT5?
Candlestick pattern EA runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Candlestick pattern EA free to download?
Yes -- Candlestick pattern EA is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2025-11-27. The file is downloaded from the developer's (Menaka Sachin Thorat) product page on mql5.com and installed into MetaTrader 4.
Is there a verified track record for Candlestick pattern EA?
FxRobotEasy has not traded Candlestick pattern EA on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Candlestick pattern EA elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.