Introduction
Ever felt like you’re always chasing the market’s tail, only to get whipsawed by sudden reversals? You’re not alone—trading can be brutal when you’re relying on laggy indicators or fuzzy signals. That’s why we built HEDAM BABA V1.0, a free MT4 indicator on MQL5.software that spots reversal patterns across any currency pair, metal or index, and alerts you the moment momentum flips. No repaint, no martingale gimmicks—just clear, candlestick-based pattern detection and instant pop-ups, sounds, emails or push notifications to keep you locked on to prime setups. Brought to you by YoForex, this tool is your ticket to squeezing more pips out of every swing, coz smart entries and exits can make all the difference between profit and frustration.
Overview
The HEDAM BABA V1.0 MT4 indicator combines classic candlestick analysis with advanced pattern-recognition algorithms to detect major reversal formations—think head-and-shoulders, double tops/bottoms, bullish/bearish engulfing, morning/evening stars, and more. It constantly scans your chart’s timeframe and a user-defined higher timeframe for confirmation, so you’ll only see signals when both timeframes agree that a reversal is likely.
Under the hood, HEDAM BABA uses statistical weighting to filter out noise—no more riding false breakouts. When a valid reversal pattern completes, the indicator plots a prominent arrow (up for bullish reversal, down for bearish) and instantly fires your chosen alert type. You can also tweak sensitivity levels to suit scalping, swing or position trading.
Whether you’re using the FTLM Hist Arrows Alerts MTF (check our Momentum Indicator Guide) or scalping gold with the Galaxy Gold Scalper V3.0, HEDAM BABA slots in seamlessly to refine your entries and exits. It’s coded in lean MQL4, so resource use is minimal—load it on multiple charts without slowing down your MT4.
Key Features
• +Candlestick Pattern Detection: supports head-and-shoulders, double tops/bottoms, engulfing bars, morning/evening stars, and more.
• +Multi-Timeframe Confirmation: scans your chart TF and a higher TF to validate signals.
• +Customizable Sensitivity: adjust pattern strength thresholds and confirmation bars.
• +Arrow Signals: large, color-coded arrows mark bullish and bearish reversals.
• +Versatile Alert System: choose pop-up, sound, email, push notifications—or any combo.
• +No Repainting: signals lock in at bar close for 100% reliability.
• +Lightweight Code: optimized for smooth performance, even on older PCs.
• +Universal Compatibility: works on Forex majors, minors, exotics, metals, indices, cryptocurrencies.
• +Automatic Session Filter: optionally restrict signals to specific trading sessions (London, NY, Tokyo).
• +Ongoing Free Updates: YoForex’s promise—stay ahead with periodic feature enhancements.
⚡️Upgrade in Version 1.0
-
Initial Release: full support for five core reversal patterns.
-
Pattern Library: over 10 built-in formations ready to detect out of the box.
-
Session Filter: added controls to limit signals to active market hours.
-
Template Setup: included a ready-to-use MT4 template for instant deployment.
-
Documentation Pack: detailed PDF guide and video walkthrough for quick start.
How to Install & Configure
- Download from MQL5.software:
HEDAM BABA V1.0 Indicator for MT4 - Copy
HEDAM_BABA_V1.0.mq4→/MQL4/Indicators/. - Restart MT4 or Compile in MetaEditor.
- Inputs Tab Settings:
PatternTypes= select which patterns to detect (e.g., HeadShoulders, Engulfing).ConfirmationTF= choose higher timeframe (e.g., H4 if chart is H1).Sensitivity= 1 (strict) to 5 (lenient).AlertModes= Popup/Sound/Email/Push.SessionFilter= All, London, NY, Tokyo.ArrowSize= 1–4.
Why Choose YoForex-Powered Tools?
YoForex has been on a mission to democratize high-quality trading software since 2019. We believe every trader—beginners and pros—deserves top-tier tools without hefty price tags. Here’s why we stand out:
-
100% Free Access: no trials, no hidden fees, forever free.
-
Community-Driven Updates: you request, we deliver—fast.
-
Transparent Roadmap: know exactly what’s coming next.
-
Comprehensive Education: detailed docs, video guides, and live Q&A.
-
Reliable Support: active WhatsApp and Telegram channels ready to help.
Support & Disclaimer
-
WhatsApp: https://wa.me/+443300272265
-
Telegram: https://t.me/yoforexrobot
Disclaimer: Trading involves risk; past performance doesn’t guarantee future results. Always demo-test strategies, manage risk responsibly, and never risk more than you can afford to lose. HEDAM BABA V1.0 is provided “as is” without warranty—use at your own discretion.
Call to Action
Ready to seize reversal opportunities with crystal-clear signals? Grab HEDAM BABA V1.0 now—100% free on MQL5.software! Equip your MT4 charts with powerful pattern alerts and unlock smarter entries and exits. Download today and join our community for unlimited support.
