Harami Cross Trading System (MT5) — review, price and free alternatives

The Harami Cross Trading System stands out because it restricts the child candle to a true Doji, which reduces false positives compared with broader Harami indicators. The developer Ich Khiem Nguyen designed the logic to detect a large “mother” candle followed by a symmetrical Doji entirely inside the mother body and then flag potential reversal entries. In practice this reduces signal frequency but increases per-trade conviction and clarity around stop placement.

The algorithm is an indicator rather than a fully automated EA, so users receive alerts and visual cues but execute trades manually or via order scripts. It performs best in markets with distinct swing structure and clear momentum exhaustion, such as forex majors during pullbacks and equity indices around local highs or lows. Risk management is user-defined, but the indicator pairs naturally with fixed-percentage stops placed beyond the mother candle wicks and modest position sizing to control drawdown. Overall, this review indicates the Harami Cross Trading System is a disciplined pattern detector that prioritizes quality over quantity and provides actionable trading results for disciplined MT5 users.

The Harami Cross Trading System carries a moderate risk profile due to selective signal generation and reliance on manual execution. Stop loss strategy should be fixed beyond the mother candle wick or a multiple of recent ATR to avoid premature exits. Position sizing is best managed with 0.5–2% risk per trade depending on account size and trader risk tolerance. Vulnerabilities include low-volatility chop, extended trending periods without clear Doji reversals, and major news events that can invalidate candle patterns. For typical retail usage a recommended account size is $1,000 or more when trading forex with micro or mini lots; larger accounts improve risk control and reduce slippage impact when executing trades based on indicator signals. Harami Cross Trading System users should combine signals with broader market context.

Install the indicator file into the MT5 Indicators folder and restart the terminal. Attach the Harami Cross Trading System to the desired chart and enable alerts in the input settings. Key parameters to configure include Doji body threshold, mother candle size multiplier, and alert sensitivity. Recommended brokers are low-spread, low-slippage ECN or STP forex brokers with reliable execution. Optimal chart timeframes are H1, H4, and daily for higher signal quality. Test on a demo account for at least three months and backtest across three years of historical data before trading live.