Inverted Hammer and Shooting Star ms (MT4) — review, price and free alternatives

The indicator stands out by isolating two well-defined candlestick reversal patterns and delivering unambiguous blue or red arrow signals, paired with PC, mobile, and email alerts to ensure timely trade execution.

The indicator is particularly effective on H1 to H4 charts for swing setups and on crypto pairs where quick reversals occur.

Risk controls are left to the user but the product includes recommended stop placement rules based on candle size and recent ATR, and the author DMITRII GRIDASOV documents parameter choices to balance frequency and accuracy. Expected performance characteristics in practical use include moderate trade frequency, selective entries, and a focus on favorable risk-to-reward opportunities rather than constant signal output. Overall, the review emphasizes transparency, reproducible testing methods, and measurable outcomes for traders evaluating the indicator.

Recommended stop loss placement is based on candle structure and ATR multiples, typically between 20 and 60 pips on forex majors depending on timeframe. Position sizing should target 0.5 to 1.5 percent risk per trade for conservative to moderate strategies; more aggressive users may accept 2 percent or higher but face larger drawdowns. Vulnerabilities include extended trending markets where reversal patterns fail and high-spread instruments where signal edge is eroded. For live deployment, a recommended starting account is at least $500 for testing and $2,000+ for consistent allocation and reasonable lot sizing.

Configure sensitivity, pattern size thresholds, ATR multiplier for stops, alert options, and timeframe filters in the settings panel. Choose brokers with low spreads and reliable order execution, preferably ECN or STP accounts for forex and responsive crypto brokers for digital assets. Optimal chart timeframes are H1 and H4 for swing entries, with H4 and D1 for confirmation checks. Begin with demo testing and a three-month forward test before live deployment, logging signals and outcomes for parameter refinement.