Free MT5 Hammer Chart Pattern Detector Programming Tutorial - mql5 Tutorial - Chart Patterns Part 1

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Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is - the good and the bad sides. Stay tuned and subscribe because you don't want to miss ;)
Instagram: / rene_balke
BM Trading: / @bmtrading

[@STORM15]

Man your content is just like gold

[@autopilotprofits7130]

I really appreciate this. This is literally the final piece to my EA. My final trade condition depends on a candle pattern and I've been looking for the solution for months

Wow what a coincidence. Glad it helped you.

[@jafxtradinginstitute6395]

How can I Read your EA strategy? How can we network. I will tell you what to code base on Candlestick patterns..

[@manat_2684]

Thank you very much. These free EA coding lessons.

[@joewehbe4377]

Good job, Renè, of course it's educational for me!

[@christianwessle]

Thank you very much . These free learning tool. You hear from me.

[@russelpetersen3526]

Really enjoy your videos, Thank you man 🙂

[@mattrunsagain]

Fantastic! I really enjoyed this one. Very useful.

[@s36ast1an]

I really like your videos, they show forex and auto traiding as it is, not some scam. I have been creating my EA for several years. In this case, I suggest adding a filter to the Pin Bar candle, eg CandleSize> = getATR (paBarShift) * paCandleRatio. I use paCandleRatio = 1.5. BTW: the upper shadow is the Nose and the lower shadow is the Tail :)

Hey, thanks for the feedback. That's exactly what I try to show on this channel. Thanks for the suggestion. I do not think I will make another video on the hammer detector soon but everyone can modify the code :)

[@Island_Algorithms]

Thanks Rene, I really appreciate all of your time and help

[@shashankmusale]

Absolutely great video to learn plotting. Thank you for making our work so easy. Loved your approach. Quick correction though. "Red arrow sell formation" should be Close < Open. Thanks again.

[@DittoSwitz]

Thanks Renè, I really appreciate your effort giving out these free EA coding lessons.

[@jafxtradinginstitute6395]

@ditto can you code ?

[@DittoSwitz]

@@jafxtradinginstitute6395 just a bit!

[@jafxtradinginstitute6395]

@@DittoSwitz the pin bar on higher tf should create an initial break and take out a SnR level to buy /sell.

[@peshrawabm5314]

Hello Rene, thank you as always. you are the best. from your videos Im creating expert based on Order block. this video made my life much easier. Thank you again.

[@hamedmoradi8737]

Hi. Fantastic video. Thanks for sharing your knowledge. Looking forward for the next parts.

[@IronBee_official]

This is not to use as a Strategy but to implement in your existing strategy, keep up the work man! Also I would like to talk to you in private, I am working on an Expert Advisor, based of Ichimoku and price action and since I know you are an algo trader, we could discuss more about this because it is very good, and I did not ever see you cover this strategy

[@IronBee_official]

Also this pattern is included in my code

[@yshwh]

Hi Rene - Doesn't the red hammer sell formation (Line 59) need to say if(close < open) ? Another great video! Thanks!

Whoops, yes I think you are right!! Thanks for the hint. I will try to say this in the next video with the program ;)

[@yshwh]

@ excited for the series. Thanks again!!

@@yshwh Next video is already there ;)

[@yshwh]

Already watching it! lol

[@weiSane]

Rene .. another great one. Are you familiar with ICT trading concepts? FVG and the like? Let's get a tutorial for an indicator for FVG

Nope, never heard of it :D

[@weiSane]

Rene if you get time .. please watch a video on the fair value gaps based on ICT trader's concepts.

[@jafxtradinginstitute6395]

@@weiSane FVG Is not founded by ICT concept FVG is common . Plus ICT concept boss telling his students that demand and supply doesn't exist in forex when hes talking about liquidity, volume , imbalance, banks , contracts and liquidity providers ..

[@weiSane]

@@jafxtradinginstitute6395 don't hate ...the man has some great knowledge to share. I've profited alot from his knowledge. Idk why you even more concerned about finding holes in the knowledge he shares than actually back testing and seeing why he says the things he says. Get back testing man . If you focus on the negative, you don't see the bigger picture 😉

[@jafxtradinginstitute6395]

@@weiSane fibo musang concept 11 entry levels .. it's better . You learn how to go full margin ..

[@IslamicContent595]

can you please share the code for Hammer Chart Pattern Detector ?

[@30na.30na]

Strategy tester visualization window in not run for me, how can i fix this problem.. plz guide me 🙏

[@Kfedkeitireng]

Hey Rene,kindly assist i am getting these error 'CTrade' - unexpected token, probably type is missing? PatternDetectorEa.mq5

[@Kfedkeitireng]

even on these simple code #include CTrade trade; int OnInit() { return(INIT_SUCCEEDED); } void OnDeinit(const int reason) { } void OnTick() { }

[@anonymousengineer9028]

is it possible to track the type of the last 10 candles for example ?

Sure nearly everything is possible with mql5 programming

[@anonymousengineer9028]

maybe i should use array but get confused how the return from this function get catch

[@tranquilmorgan7726]

hi Rene...may u please show how to make an indicator that shows trading sessions.

hey, what do you mean with trading sessions? Does it have any practical use? I mean you can see the bars in the chart and if there are no bars you cannot trade in most cases ;)

[@autopilotprofits7130]

You just need to find out the times then create a indicator that draws straight vertical lines for each session on the chart My personal EA starts trading 2 hours before London session and stops 2 hours after NY closing

[@tranquilmorgan7726]

@ by trading sessions I mean newyork session, London session etc. the indicator has to show rectangle boxes for each trading session

[@tranquilmorgan7726]

@@autopilotprofits7130 can you plz share the indicator

[@autopilotprofits7130]

@@tranquilmorgan7726 I'll try to make one for sessions only. What's your time zone

[@aaronbett9958]

hey Rene ..i got a very deadly strategy..that need to be programmed of max profit it deals with candles and MA..How can i find you??

Hey, I am really sorry but I do not offer this service. Also the best way to reach me is in the KZbin comments :)

[@autopilotprofits7130]

what's your email? i might be able to help

[@cryp8905]

Possible to share the code so that we can play around and learn?

Bro it is literally a programming tutorial where I show the complete code ;)

[@kingalbertois]

Woooow how to make this patterns be indicator but not EA???

Hey, I already made a video about indicators on this channel. You should watch it and you will see :) it's really easy you can use most of the code from the EA.

[@محسن-ه1ه1ث]

why you don't make tutorial for auto trading in python and mt5

I never worked with python and I did not find a reason for it yet. What's the benefit over mql5?

[@محسن-ه1ه1ث]

@ python is very easiar and you can use ai for trading,and i don't see very good tutorial(python) as yours in this channel

[@weiSane]

@@محسن-ه1ه1ث meta trader is way better than python. It's capabilities are limited by your creativity

[@jafxtradinginstitute6395]

Are you making money from trading ?

Yes I do :)

[@stens31]

👍

[@TheJoshuamcgowan]

Shooting Star is the other candle name

Ah okay thanks 👍

[@TheJoshuamcgowan]

Here’s a hookup for you haha www.dropbox.com/s/6lh5sz2x8c9selw/Japanese%20Candlestick%20Charting%20Techniques_%20Second%20Edition%20-%20Steve%20Nison.pdf?dl=0

[@TheJoshuamcgowan]

That Steve Nison book is a good foundation

[@TheJoshuamcgowan]

Page 70 haha

[@TheJoshuamcgowan]

Pps your content is solid. Will make time to complete your course to level up haha