CandlePatternBot

In 9 months, I earned what you see on the screenshot — the CandlePatternBot harnesses classic candlestick formations with strict entry/exit rules and a direction bias. It opens on bar close, filters noise with body-size thresholds, and can exit by SL/TP or on the next pattern so it adapts fast when the market tone flips.

Disclaimer: figures shown are from my run and for illustration only; past performance doesn’t guarantee future results. Always validate on your own data and size risk appropriately.

CandlePatternBot — User Guide

What it does

• Scans the last 2–3 bars for enabled candlestick patterns.
• Enters at bar close (market orders).
• Optional Trend Bias to trade all, bullish-only, or bearish-only signals.
• Exits by SL/TP and/or on the next detected pattern (configurable).
• Controls trading frequency with One Trade Per Bar and Max Concurrent Positions.

Settings

Core

• Pattern Start
• • Confirmed — builds patterns on already closed bars (i-1, i-2, i-3). Cleaner, less noise.
  • Immediate — includes the just-closed bar (i, i-1, i-2). Earlier signals, more noise.
• MA Period (AvgBody) — window length for the average candle body; used in size filters.
• Min Body Ratio vs Avg — minimum body size as a fraction of AvgBody (0 = disabled).
  Example: 0.5 → each required body must be ≥ 50% of the average.
• Trend Bias
• • All — trade all signals,
  • BullOnly — only bullish (longs),
  • BearOnly — only bearish (shorts).
• One Trade Per Bar — prevent more than one entry per bar.
• Max Concurrent Positions — cap simultaneous positions per symbol (0 = no cap).

Exit (when to close)

• Exit Rule
• • TP_SL_Only — close only by stop/target.
  • NextOpposite — close positions against the next pattern’s direction.
  • NextAny — close all positions on any new pattern.
  • TP_SL_or_NextOpposite — SL/TP or opposite pattern (whichever comes first).
  • TP_SL_or_NextAny — SL/TP or any new pattern.

Risk

• Volume (Units) — trade size in units (on FX, ~100,000 units ≈ 1.00 lot).
• Stop Loss (pips), Take Profit (pips) — levels in instrument pips. 0 = don’t set.

Pattern toggles

Enable/disable each formation individually (see logic below). Keep only those that prove effective for your symbol/timeframe.

Candlestick Patterns

Bullish (long)

1. Three White Soldiers — three consecutive bullish candles; each closes above the previous; bodies meet the Min Body Ratio × AvgBody threshold.
2. Piercing Line — after a bearish candle, the next opens below its low and closes above the midpoint of the first body, yet below its open.
3. Morning Doji — big bearish, then a small-body/doji, then a solid bullish closing above the first candle’s midpoint; gap down then up behavior.
4. Bullish Engulfing — bearish candle followed by a bullish candle whose body fully engulfs the prior body; bullish body is sufficiently large (≥ ~2 × AvgBody × MinRatio in code).
5. Morning Star — big bearish, small “star” below, then bullish closing above the first candle’s midpoint.
6. Hammer — small body, long lower shadow (> 2× body), short upper shadow; in a downward context (prior close > current high).
7. Bullish Harami — large bearish candle, then a small bullish inside the first body (both open/close inside); body2 ≤ 50% of body1.
8. Bullish Meeting Lines — bearish then bullish; gap down on open; closes nearly equal (difference ≤ 0.1 × AvgBody) plus bullish confirmation on the current bar.

Bearish (short)

1. Three Black Crows — three consecutive bearish candles; each closes below the previous; bodies satisfy the Min Body Ratio × AvgBody filter.
2. Dark Cloud Cover — after a strong bullish candle, the next opens above its high and closes below its midpoint but above its open.
3. Evening Doji — big bullish, then small-body/doji above, then a solid bearish that closes below the first candle’s midpoint; gaps present.
4. Bearish Engulfing — bullish candle followed by bearish whose body fully engulfs the prior body; bearish body large enough (≥ ~2 × AvgBody × MinRatio).
5. Evening Star — big bullish, small “star” above, then bearish closing below the first candle’s midpoint.
6. Hanging Man — small body, very long lower shadow (> 3× body), short upper shadow; in an upward context (prior close < current high).
7. Bearish Harami — large bullish, then small bearish inside the first body; body2 ≤ 50% of body1.
8. Bearish Meeting Lines — bullish then bearish; gap up on open; closes nearly equal (≤ 0.1 × AvgBody) with bearish confirmation on the current bar.

Notes on implementation

• “Small body” for stars/doji is |Open - Close| < ~0.1 × AvgBody.
• Context checks enforce downtrend/uptrend surroundings for Hammer/Hanging Man.
• Many models also require minimum body size via Min Body Ratio × AvgBody.

Practical tips

• Reduce noise: Pattern Start = Confirmed, Min Body Ratio ≥ 0.5.
• Directional focus: Trend Bias = BullOnly or BearOnly.
• Control trade frequency: enable a core subset (Engulfing, Stars, Soldiers/Crows, Hammer/Hanging Man).
• Adaptive exits: TP_SL_or_NextOpposite balances profit-taking with quick tone changes; NextAny is more aggressive.