Hanging Man Trading System for MT5: Detect Bearish Reversals with Confirmed Entries

The Hanging Man Trading System review for 2026 presents a performance analysis of an MT5 indicator designed to detect single-candle bearish reversals with confirmation-critical entries. This review evaluates how the indicator signals, the confirmation logic, and the manual entry rules translate into measurable trading results across multiple instruments. Ich Khiem Nguyen developed the indicator as a manual tool rather than an automated EA, which means the trader remains responsible for final entry timing and risk decisions. What makes the Hanging Man Trading System unique is its focus on one high-probability candle pattern combined with configurable confirmation rules such as momentum crossover, volume spikes, or a short moving average rejection. The algorithm flags potential setups but requires a trader to confirm with the chosen filter, reducing mechanical false positives. In practice, traders using the indicator on MT5 set the detection timeframe to H1 or H4, monitor nearby support and resistance, and wait for the confirmation trigger before entering. The indicator performs best in range-to-reversal conditions and shows weaker results in persistent trending markets without clear rejection. Risk management is manual but facilitated by suggested stop loss placements tied to the signal candle high and optional ATR-based padding. Expected performance characteristics from backtests and live samples indicate a moderate win rate with controlled drawdowns when confirmation rules are strictly followed. Pricing is introductory at $49, rising after sales milestones, and the product is listed as an indicator, not an automated EA.