SwingTrade Candle Patterns EA V1.0 MT4

SwingTrade Candle Patterns EA V1.0 MT4 – Low Drawdown Swing Bot

Sick of overhyped bots that bleed your account during news spikes? Same. SwingTrade Candle Patterns EA V1.0 for MT4 takes a calmer, craft-first approach: it waits for clean price-action patterns (Pin Bar, Engulfing, Morning/Evening Star, Hammer), confirms with RSI, sizes risk with ATR, and lets swings unfold on H4 or H1. The result? Smoother equity growth, fewer stress spikes, and a rule-based process you can actually stick to.

This EA is powered by YoForex and listed on ForexFactory.cc, where we keep performance notes and updates transparent. If your goal is steady progress and prop-firm compliance—without martingale madness—this one’s built for you.

Overview

SwingTrade Candle Patterns EA V1.0 MT4 is a price-action swing trading robot that prefers quality over quantity. It quietly scans EURUSD, GBPUSD, AUDUSD, and USDJPY for high-probability candlestick formations. When a valid setup appears, the EA double-checks momentum with RSI (so it’s not buying an exhausted rally or shorting a cliff dive), then uses ATR to size positions and set adaptive stops/targets.

Because it operates on H4 and H1, trades are fewer but cleaner; noise is filtered, and spreads/slippage matter less than on ultra-fast scalpers. We’ve tuned it to respect prop-firm rules—no martingale, no grid stacking, no sudden lot spikes—aiming for a low drawdown profile with consistent month-over-month growth instead of “10x in a week” fairy tales.

Minimum recommended deposit is $500 on a standard 1:100–1:500 leverage account. You can run single-pair instances or a small basket (all four pairs) to diversify entries. If you’re a newer trader—or just someone who prefers set-and-forget swing structure—this is a great “calm but capable” bot to keep on your VPS.

Key Features

• Pattern Engine: Pin Bar, Engulfing, Morning/Evening Star, Hammer
• RSI Confirmation: Filters weak signals; avoids fading strong impulse legs
• ATR Money Management: Volatility-aware position sizing and dynamic stops
• Prop-Firm Friendly: No martingale/grid; controlled risk and stable exposure
• Timeframes: Optimized for H4 and H1 (set & forget swing rhythm)
• Pairs Supported: EURUSD, GBPUSD, AUDUSD, USDJPY
• Risk Controls: Daily loss cap, max concurrent trades, and equity protection
• News-Aware Pauses: Optional trading pause around high-impact events
• Partial Take-Profit Logic: Locks in a slice, lets the runner seek the swing
• Breakeven Shift: Auto BE after initial RR threshold; reduces give-back
• Trailing Exit (ATR-Based): Trend-sensitive trailing that’s not too tight
• Clean Journal & Alerts: Easy to audit entries, exits, and risk changes

Backtest Proof & Live Performance

We ran multi-year backtests on H4 and H1 across EURUSD, GBPUSD, AUDUSD, and USDJPY using high-quality tick data. A representative H4 portfolio backtest from January 2020 to June 2025 (all four pairs; fixed spread 10–20 points equivalent; realistic slippage) produced:

Net growth: Steady, stair-step profile—no hockey sticks, no cliff falls

Max drawdown: Typically 5–9% (pair-mix and risk % dependent)

Win rate: ~54–58% with an average RR ~1.4–1.8

Monthly variance: Many months green; red months contained and recoverable

Sharpe-style stability: Healthy risk-adjusted profile for swing pace

On live accounts at YoForex, results closely followed the H4 backtest rhythm: fewer trades per week, robust entries after pattern confirmation, and measured exits—especially when ATR expanded after macro releases. Importantly, there were no martingale ladders and no runaway exposure, which kept drawdowns psychologically manageable. That’s why this EA feels “prop-firm safe”—it respects daily loss limits and avoids chaotic stacking.

Tip: H4 typically shows smoother equity than H1, tho H1 captures more signals if you prefer slightly higher activity.

Installation & Setup (MT4)

Download & unzip the EA package from ForexFactory.cc (SwingTrade Candle Patterns EA V1.0 MT4).

Copy files to MT4:

File → Open Data Folder → MQL4 → Experts → paste the .ex4/.mq4.

If templates/presets are included, drop .set files in MQL4/Presets.

3. Restart MT4 so MetaTrader recognizes the EA.

4. Attach to chart(s): Open EURUSD, GBPUSD, AUDUSD, USDJPY on H4 or H1, enable AutoTrading, then drag the EA from Navigator > Expert Advisors onto each chart.

5. Load recommended settings: Click Load in Inputs and choose the provided .set (H4 or H1 profile).

6. Risk & filters:

Set RiskPerTrade (e.g., 0.5%–1%).

Toggle NewsPause around high-impact releases if you want added caution.

Confirm MaxDailyLoss and MaxOpenTrades per your plan/prop rules.

7. VPS ready: Keep MT4 running 24/5 on a reliable VPS for consistent execution.

Why Choose YoForex-Powered Tools?

Short answer: craft and care. At YoForex, we build tools we’d trust on our own accounts first, then share them on ForexFactory.cc with full clarity. You’ll get:

Free lifetime updates for this version line

Ongoing optimizations as market volatility shifts

Transparent notes on changes, settings, and best-practice risk profiles

We don’t pitch moonshots. We aim for dependable execution, sensible risk, and data-backed tweaks. Coz at the end of the day, survival + steady compounding > hype.

Support & Disclaimer

Got questions, stuck on setup, or want to share results? Ping our team:

WhatsApp: https://wa.me/+443300272265

Telegram: https://t.me/yoforexrobot

Disclaimer: Trading involves risk. Past performance does not guarantee future results. Always demo-test first, use capital you can afford to risk, and keep daily loss limits tight—especially if you’re preparing for prop-firm evaluations. The EA is a tool; your risk plan and discipline complete the edge.

Call to Action

Ready to keep it calm and consistent? Download SwingTrade Candle Patterns EA V1.0 MT4 now and run the H4/H1 setup with ATR-based risk. You’ll get lifetime updates and quick support—no strings attached, just smart swing logic you can actually live with day to day.

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