SHSPattern Indicator V2.0 MT4 – Accurate Pattern Signals

Introduction

Tired of missing reversal points or chasing breakouts that fizzle? The SHSPattern Indicator V2.0 MT4 is designed to take the guesswork out of pattern trading. Built as a powerful forex pattern indicator for MetaTrader 4, it automatically spots chart formations—flags, pennants, double tops/bottoms, and triangles—so you can focus on execution, not endless screen-scrubbing. Best of all, it’s optimized for major pairs like EUR/USD, GBP/USD, and USD/JPY on H1 and H4 timeframes, requiring just a $200 minimum deposit to get started.

SHSPattern Indicator V2.0 MT4 Overview

SHSPattern Indicator V2.0 MT4 combines advanced price-action algorithms with customizable alerts. Once attached to your chart, it scans live data to highlight bullish or bearish patterns in real time. No repainting, no repaint ghost signals—what you see is what you get. The indicator’s non-repainting logic ensures that once a pattern is confirmed, it stays on your chart, giving you confidence to enter trades based on solid formations.

Key Features

Multi‐Pattern Detection: Flags, triangles, head & shoulders, double tops/bottoms and more.

Real-Time Alerts: Popup, email, and push notifications for instant signal delivery.

Non-Repainting Logic: Confirmed patterns remain on chart—zero surprises.

Customizable Sensitivity: Adjust pattern strength from conservative to aggressive.

Compatible With All Timeframes: Best on H1/H4, but works on M15–D1.

Minimal CPU Load: Light code ensures smooth MT4 performance.

24×7 Live Support: Get help via WhatsApp or Telegram.

Optimized for Major Pairs: EUR/USD, GBP/USD, USD/JPY—and more.

How It Works

Once you drop the SHSPattern Indicator V2.0 MT4 into your MT4 “Indicators” folder and restart the platform, simply drag it onto any chart. The engine begins scanning candlestick formations, calculating swing highs/lows, trendlines, and breakout thresholds. When a pattern completes, it draws color-coded shapes on your chart—green for bullish, red for bearish—and triggers alerts. You can fine-tune sensitivity settings to filter noise, ensuring you only see high-probability patterns.

Recommended Settings

Currency Pairs: EUR/USD, GBP/USD, USD/JPY

Timeframes: H1 or H4 for optimal signal accuracy

Minimum Deposit: $200 to ensure proper margin

Sensitivity: Medium–High (default) for balanced signals; increase for more frequent alerts

Alerts: Enable popup + email for instant updates

Visuals: Keep default color scheme for clarity; adjust line thickness as desired

Performance and Backtesting

In a six-month backtest (Jan–Jun 2025) on EUR/USD H1, SHSPattern Indicator V2.0 MT4 identified 85 valid patterns, achieving an 78% win rate with an average reward-to-risk ratio of 1.8:1. Equity curves remained smooth, drawing only a 4.5% maximum drawdown during volatile weeks. On a live demo account, YoForex’s team reported consistent pattern entries with small, controlled losses—proof that this MT4 indicator isn’t just smoke and mirrors but a reliable tool for pattern traders.

Installation Guide

Download the SHSPattern Indicator V2.0 MT4 (.ex4 file).

Copy .ex4 into MQL4/Indicators folder of your MT4 installation.

Restart MetaTrader 4.

Attach the indicator to your preferred chart.

Import recommended settings via the “Load” option (see manual).

Activate alerts in the Inputs tab and set your notification preferences.

Conclusion

If you’ve been hunting for an MT4 indicator that simplifies pattern trading—and actually delivers—SHSPattern Indicator V2.0 MT4 is the answer. With its non-repainting logic, multi-pattern detection, and real-time alerts, you’ll never miss a high-probability setup again. Backed by YoForex’s rigorous testing and an easy $200 minimum deposit requirement, it’s your ticket to precision pattern trading on MetaTrader 4.

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