Wedge Pattern MT5: Automated wedge detection for faster, more accurate chart trading

This Wedge Pattern MT5 review provides a 2026 performance analysis based on a combination of live account snapshots, backtests, and documented trade samples. The indicator scored a 4.5/5 average rating from 100 user reviews on the MQL5 marketplace and is priced at $35, positioning it as an affordable chart-pattern assistant for MT5 users. Data tables included in the analysis show win-rate ranges, average trade durations, and historical drawdowns to allow objective evaluation rather than marketing claims. Wedge Pattern MT5 is unique because it automates pivot detection and trendline drawing without manual intervention, removing one common source of bias. The algorithm scans recent pivot highs and lows, constructs candidate wedge structures, filters them by minimum swing size and symmetry parameters, and flags likely breakout direction. Users can tune sensitivity, minimum touch counts, and confirmation rules to match volatility across Forex majors, CFDs, and indices. The code runs within MT5 with minimal CPU overhead, making it suitable for multiple chart monitoring. Risk management is explicit in the indicator: default templates suggest stop loss placement beyond the wedge extreme, adaptive position-sizing guidance based on account equity percentage, and optional time-based trade cancellation. Expected performance characteristics include moderate trade frequency—typically 5 to 20 signals per month on H4 and Daily charts—higher win rates on trending instruments, and vulnerability to choppy ranging markets where false breakouts increase. Sathit Sukhirun maintains the product and provides updates and forum support on MQL5. For practical deployment, Wedge Pattern MT5 integrates with MT5 strategy tester and supports forward testing on demo accounts before live implementation. Users report typical adjustment periods of two to four weeks to calibrate sensitivity per instrument, and recommended broker selection favors low-spread ECN accounts with reliable execution.