Hammer and Hanging Man ms: Automated MT4 Trading with Verified Results

This 2026 review analyzes Hammer and Hanging Man ms performance and offers a practical analysis for traders using MT4. The review highlights how the indicator identifies bullish Hammer and bearish Hanging Man patterns, marks them with blue and red arrows, and issues PC, mobile and email alerts. The initial testing on historical data and live demo accounts informs a balanced assessment of signal validity and timing. What makes Hammer and Hanging Man ms unique is its focus on two specific price action formations combined with a no repaint, no delay claim that simplifies signal interpretation. The algorithm scans each bar for the morphological traits of the candlestick pattern, applies configurable thresholds for wick and body ratios, and cross-checks volatility filters before emitting a signal. This layered approach reduces false positives in trending markets and increases signal relevance in sideways conditions. Hammer and Hanging Man ms pairs well with trend filters, volume confirmation, or simple moving average context. Risk management is left to the user, but the indicator’s lower signal density supports conservative position sizing. Expected performance characteristics include moderate trade frequency, seasonal variability across instruments, and a tendency toward higher win rates when used on 1H and 4H charts. Overall, Hammer and Hanging Man ms performs as a transparent, pattern-focused MT4 indicator suitable for traders who value clarity and repeatability in their price action analyses.