About the Ultimate Forex Pattern Scanner Expert Advisor
The Ultimate Forex Pattern Scanner Robot for Metatrader 4 is an impressive automated trading tool designed to deliver buy/sell signals for any pair and time frame.
This Forex robot presents itself as a comprehensive dashboard right on your price chart, providing out-of-the-box trading signals and an overall trade bias analysis scanning tool.
Through a user-friendly interface, it showcases currency strength, spread, ADR, as well as a series of buy and sell arrows tailored to your selected time frames and currency pairs.
It’s also capable of scanning any price chart for the following price action patterns:
Convenience is at your fingertips with the ability to take screenshots, clear all alerts, and close open charts with just a simple mouse click.
To assist you in interpreting trends effectively, the trend legend employs a color-coding system to distinguish between strong trends, normal trends, and neutral trends.
To ensure optimal functionality, please remember to enable DLL imports.
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Download the “Forex Pattern Scanner Robot.ex4” expert advisor
Key Features
Automatic Pattern Recognition
Scans charts continuously to detect popular technical patterns with high accuracy.
Multi-Pattern Coverage
Identifies triangles, wedges, flags, pennants, double tops and bottoms, and head-and-shoulders formations.
Real-Time Trade Execution
Enters trades as soon as a pattern completes, ensuring you never miss breakout opportunities.
Customizable Risk Settings
Adjust lot size, percent risk, and maximum simultaneous trades according to your account size.
Flexible Entry & Exit
Supports breakout, retracement, or confirmation entry styles with dynamic stop and take-profit placement.
Built-In Trailing Stop
Secures profits as the market moves by automatically tightening stop levels.
Session & Time Filters
Trade only during preferred sessions such as London, New York, or Asian hours.
Spread and Slippage Protection
Monitors execution conditions to avoid opening trades in volatile or costly environments.
Multi-Pair Scanning
Attach the EA to one chart and scan multiple currency pairs simultaneously.
Trading Chart
The image below shows the Ultimate Forex Pattern Scanner Robot applied to the EUR/USD 1-hour trading chart.
How the EA Works
- Scans live price charts for technical patterns in real time.
- Confirms breakout direction and places entry orders automatically.
- Applies pre-defined stop-loss and take-profit levels for each pattern.
- Adjusts trades dynamically using trailing stop and risk control.
- Filters trades by session and volatility for improved accuracy.
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Download the “Forex Pattern Scanner Robot.ex4” EA
Parameters & Settings
- Pattern Types: enable/disable specific chart patterns.
- Entry Mode: breakout, retracement, or confirmation.
- Stop-Loss: fixed pips or ATR multiplier.
- Take-Profit: fixed, risk-reward ratio, or dynamic.
- Risk Mode: fixed lot size or percent equity.
- Max Trades: limit simultaneous open positions.
- Session Filter: restrict to selected trading hours.
- Spread Filter: block entries above max spread.
Recommended Trading Setup
- Broker: ECN or low-spread broker with fast execution.
- Pairs: Major FX pairs (EURUSD, GBPUSD, USDJPY) and high-liquidity crosses.
- Timeframes: M15–H1 for intraday, H4 for swing trades.
- Account Size: minimum $250 recommended for micro lots.
- Risk: 1–2% equity per trade for conservative money management.
FAQ
Do I need to manually identify patterns?
No, the EA automatically scans and detects patterns in real time, requiring no manual chart analysis.
Can I customize which patterns the EA trades?
Yes, you can enable or disable specific chart patterns from the settings menu.
Is it suitable for beginners?
Yes, it is designed for both new and experienced traders, but beginners should always start with demo trading.
Summary
The Ultimate Forex Pattern Scanner Robot MT4 is a powerful Expert Advisor that brings automated chart pattern trading into your MetaTrader 4 platform.
It removes the guesswork of manual pattern recognition, offers customizable settings, and ensures consistent execution of breakout strategies.
With features like automatic detection, dynamic trade management, and session filters, this EA provides traders with a complete solution for technical trading.
Download it free, test it on a demo, and experience the advantages of automated pattern-based trading.
