Harami EA V1.0 MT5

Introduction

Harami EA V1.0 is a specialized automated trading system designed exclusively for MetaTrader 5, focusing on Japanese candlestick Harami pattern recognition and reversal trading. This Expert Advisor leverages the enhanced capabilities of the MT5 platform to deliver superior pattern identification accuracy and execution precision. The system employs advanced algorithmic analysis to detect both standard Harami patterns and Doji Harami formations, which historically signal potential trend reversals with high reliability. Built specifically for MT5's improved architecture, this EA provides sophisticated pattern validation and risk management capabilities.

Key Features

MT5-Optimized Pattern Recognition: Advanced algorithms specifically designed for MetaTrader 5's enhanced computational capabilities, analyzing multiple candlestick characteristics for authentic Harami pattern identification.

Dual-Pattern Detection System: Recognizes both standard Harami patterns and more powerful Doji Harami formations, automatically adjusting parameters based on pattern strength and type.

Multi-Timeframe Validation: Comprehensive signal validation across different timeframes to ensure patterns align with broader market trends before execution.

Intelligent Context Assessment: Evaluates market conditions surrounding each pattern including trend strength, volatility levels, and support/resistance proximity.

Dynamic Risk Management Engine: Sophisticated system that adjusts position sizing and stop-loss levels based on pattern strength, market volatility, and account balance.

Pattern Strength Evaluation: Scoring system that assesses pattern quality based on size relationships, volume confirmation, and historical performance.

Enhanced MT5 Order Management: Leverages MetaTrader 5's advanced execution capabilities for precise trade entry, exit, and position management.

Real-Time Market Monitoring: Continuous surveillance across all configured currency pairs and timeframes for emerging pattern formations.

Comprehensive Customization: Extensive parameter adjustment options for pattern sensitivity, validation criteria, and risk management preferences.

Advanced Alert System: Multiple notification methods including popup, email, and mobile alerts for pattern detection and trade execution.

Recommended Settings

Account Requirements:

• Minimum account balance: $750 (recommended $1,500+)
• Any broker type (ECN preferred for optimal execution)
• Leverage: 1:100 minimum (1:300 optimal)
• Maximum spread: 2.5 pips for major pairs
• MT5 platform with latest updates

Conservative Configuration:

• Risk per trade: 1-2% of account balance
• Pattern sensitivity: High (strict validation criteria)
• Maximum concurrent trades: 2-4 positions
• Trading pairs: Major pairs only (EUR/USD, GBP/USD, USD/JPY)
• Multi-timeframe validation: Enabled with H4/D1 confirmation

Balanced Setup:

• Risk per trade: 2-3% of account balance
• Pattern sensitivity: Medium (balanced approach)
• Maximum concurrent trades: 4-6 positions
• Stop loss: Auto-calculated (25-45 pips typical)
• Take profit: 2:1 risk-reward ratio

Aggressive Configuration:

• Risk per trade: 3-4% of account balance
• Pattern sensitivity: Low (captures more patterns)
• Maximum concurrent trades: 6-8 positions
• Doji Harami priority: Enhanced position sizing
• Trading timeframes: Multiple (H1, H4, D1)

Backtest Results

Testing Period: 3.5 years (2020-2024)
Currency Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, NZD/USD
Timeframe: H4 (4-hour charts)
Configuration: Balanced settings with multi-timeframe validation

Performance Metrics:

• Total Return: 268%
• Annual Return: 31.4%
• Maximum Drawdown: 12.9%
• Win Rate: 69%
• Profit Factor: 2.71
• Sharpe Ratio: 2.34
• Total Trades: 1,687
• Average Trade Duration: 22 hours

Pattern Analysis:

• Standard Harami patterns: 65% win rate
• Doji Harami patterns: 76% win rate
• Pattern detection accuracy: 93%

YoForex ClawdBot Claude, [11-02-2026 13:31]
• False signal rate: 7%
• Multi-timeframe confirmed signals: 82% win rate
• Single timeframe signals: 58% win rate

Risk Metrics:

• Maximum consecutive losses: 5 trades
• Recovery factor: 20.8
• Calmar ratio: 2.43
• Best month: +9.7%
• Worst month: -3.9%
• Profitable months: 89%

Advantages

Enhanced MT5 Performance: Leverages MetaTrader 5's superior computational capabilities for more accurate pattern recognition and faster execution.

Specialized Pattern Expertise: Deep focus on Harami patterns provides exceptional accuracy in identifying authentic reversal signals with high success rates.

Complete Emotional Elimination: Automated execution removes psychological barriers that prevent manual traders from executing optimal pattern trades.

Superior Pattern Recognition: Advanced algorithms identify patterns more accurately than human analysis, significantly reducing false signals.

Continuous Market Coverage: 24/7 operation ensures no Harami patterns are missed across multiple currency pairs and timeframes.

Multi-Timeframe Integration: Validates signals across different time horizons for higher-quality trades with improved success probability.

Educational Benefits: Clear pattern marking helps traders learn candlestick analysis while benefiting from automated execution.

Consistent Strategy Application: Perfect adherence to trading rules without emotional interference or rule deviation.

Adaptive Risk Management: Dynamic position sizing and stop-loss adjustment based on pattern strength and market conditions.

Advanced Order Management: MT5's enhanced execution capabilities provide superior trade management and order handling.

Disadvantages

Limited Strategy Scope: Specialization in only Harami patterns means missed opportunities from other strategies during certain market phases.

Market Condition Dependency: Performance relies on market environments favorable to reversal patterns; may struggle during strong trends.

Pattern Frequency Constraints: Trading frequency limited to occurrence of valid Harami formations, which may be infrequent sometimes.

Technology Infrastructure Needs: Requires stable internet, reliable MT5 platform operation, and quality data feeds for optimal performance.

Learning Curve Requirements: Effective use requires understanding of candlestick analysis principles and system configuration optimization.

Configuration Complexity: Extensive parameter options can overwhelm traders without technical analysis experience.

False Pattern Risk: No system achieves perfect accuracy; some valid-looking patterns may fail to produce expected reversals.

Capital Efficiency Considerations: Longer holding periods may reduce capital turnover compared to shorter-term strategies.

Broker Execution Sensitivity: Performance affected by broker spread stability, execution quality, and order processing capabilities.

Market Evolution Risk: Pattern effectiveness may diminish if Harami trading becomes widely automated by institutional systems.

Installation & Setup Guide

System Requirements:

• MetaTrader 5 platform (build 3000+)
• Windows 10/11 operating system (64-bit recommended)
• Minimum 4GB RAM (8GB recommended)
• Stable internet connection with low latency
• VPS hosting recommended for 24/7 operation

Installation Steps:

1. Download Files: Obtain Harami EA V1.0 MT5 package including .ex5 file, user documentation, and pattern guides.
2. Platform Access: Open MetaTrader 5 and navigate to File → Open Data Folder to access installation directory.
3. Expert Advisor Installation: Copy .ex5 file to MQL5/Experts folder within MT5 data directory structure.
4. Platform Restart: Close and restart MetaTrader 5 completely to recognize new Expert Advisor installation.
5. Enable Automated Trading: Click "Algo Trading" button in MT5 toolbar (should display green indicator when active).
6. Chart Application: Open H4 chart for desired currency pair and drag Harami EA from Navigator panel onto chart.

7. Parameter Configuration: Configure pattern recognition, risk management, and alert settings in EA properties dialog.

Critical Configuration Steps:

• Set conservative 1-2% risk per trade for initial testing
• Enable pattern strength assessment with strict validation
• Configure multi-timeframe confirmation (H4 primary, D1 confirmation)
• Set volatility-based stop-loss calculation method
• Enable comprehensive alert system for pattern detection

Pattern Recognition Setup:

• Minimum pattern size: 15 pips (adjustable for pair volatility)
• Inner candle maximum ratio: 75% of outer candle body
• Trend context requirement: Enable for quality filtering
• Doji detection threshold: 15% maximum body-to-range ratio
• Multi-timeframe validation: Require higher timeframe confirmation

Risk Management Configuration:

• Position sizing method: Percentage-based (1-4% risk per trade)
• Stop loss calculation: Volatility-based with pattern context
• Take profit targeting: 2:1 minimum risk-reward ratio
• Maximum account drawdown: Emergency stop at 25%
• Correlation management: Prevent overexposure to related pairs

Testing Protocol:

• Comprehensive backtest on minimum 3 years quality historical data
• Forward testing on demo account for minimum 4 weeks
• Monitor pattern detection accuracy and execution quality
• Document optimal parameter combinations for different market conditions
• Gradual risk increase only after consistent profitable performance.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.