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PinBar Trader

Pin-Bar Trader is a fully automatic Expert Advisor designed for trading Price Action candlestick patterns - Pin bars.


Key advantages of the EA

  • Simple and intuitive trading system. When you understand the way the EA works, you can easily monitor and customize it.
  • Trading on the higher timeframes: the Pin bar trading strategy is intended for the timeframes H1, H4 and Daily.
  • A strict use of Stop Loss orders to protect the capital from significant losses.
  • The Expert Advisor does not use martingale, grid or any other risky techniques.
  • Diversification of risks through the use of multiple currency pairs in trading simultaneously.


The Expert Advisor Operation Principle

When a Pin bar pattern is formed on the chart, the EA looks for a trade on the next candle.

When the price returns to the Pin bar range, a trade is opened by two orders.

Stop loss of both orders is placed beyond the extremums of the Pin bar.

The first order is closed by take profit at the border of the Pin bar.

The second order is closed by a larger take profit, for example, with a 3 to 1 or 3 to 2 ratio to stop loss.

It is possible to customize the EA according to your preferences and to optimize the parameters.


Description of Pin-Bar Trader input parameters

  • TimeFrame - timeframe to search for Pin bars.
  • Lots - trade volume.
  • IgnoreSellSignal - ignore sell signals (used for trading on bullish markets - stocks, stock indices, etc.)
  • IgnoreBuySignal - ignore buy signals (used in downtrends).
  • BullBearTrade - consider the color of the Pin bar.
  • MoveStopLossToNoLoss - transfer stop loss to breakeven.
  • ProfitToStopLossRatioForStopLossMoving - ratio of profit to stop loss for transferring the open order to breakeven.
  • CandleBodyNoMoreThanPercent - candle body must not be greater than the specified percentage of the total candle size.
  • CandleBodyLaysInThePartPercent - the candle body lies in the top or bottom part of the candle.
  • CurrentDayReturnPercent - percentage of the Pin bar range the price must roll back to open a trade (for example, 50% or 38.2%)
  • StopLossMarginFromPinBarShadowInPips - offset from the candle wick to set Stop Loss.
  • FirstTakeProfitMarginFromPinBarShadowInPips - offset from the candle wick to set the first TakeProfit.
  • SecondTakeProfitSize_InStopLosses - value of the first TakeProfit relative to Stop Loss.
  • MinimumPinBarSize - the minimum size of a Pin bar.
  • MaximumPinBarSize - the maximum size of a Pin bar.
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5 (13)
Current price of $50 for 2  more copies! Next price is: $85 Live Signal : Click here  -- Don't buy a fake backtest, get a real strategy on a real signal!  After purchase, If you genuinely like this robot, you can receive EA Interceptor for Free ! Contact me for more information regarding this BONUS ! EA TOP G  is a multi-currency expert advisor  based on trend following . It uses a hedge system with a very good risk management. It's an ideal candidate for CENT accounts and big balances. It
Signal en Direct-1 : Cliquez ici Version MT5 : Cliquez ici Obtenez Quantum Pip   gratuitement (pour 2 comptes de trading) -> contactez-moi après l'achat Bienvenue chez Nasdaq Algo Trading Cet EA (Expert Advisor) est créé et conçu par une équipe ayant plus de 13 ans d'expérience en programmation et en trading. L'EA se concentre sur le développement d'un système capable de générer des bénéfices à long terme et stables. Il utilise des stratégies sans risque, évitant les méthodes de Martingal
OverPower
Inrexea Limited
5 (2)
The OP Trading Robot , a cutting-edge development by OpenEA, is a fully automated 4th generation InrexEA DB system designed to excel in the dynamic forex market. Leveraging advanced algorithms, this robot is adept at learning from market trends, particularly focusing on the EURUSD and GBPUSD pairs. Drawing inspiration from the best features of the retired Ea YOLO Diamond Hands, it offers enhanced trade quality protection. Remarkably versatile, the OverPower Trading Robot is compatible with any
Bitcoin Robot MT4
Marzena Maria Szmit
5 (13)
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
Vous êtes-vous déjà demandé pourquoi la plupart des conseillers experts ne sont pas efficaces dans le trading en direct, malgré leurs performances parfaites en backtest ? La réponse la plus probable est le surajustement. De nombreux EAs sont créés pour "apprendre" et s'adapter parfaitement aux données historiques disponibles, mais ils échouent à prédire l'avenir en raison d'un manque de généralisabilité dans le modèle construit. Certains développeurs ne connaissent tout simplement pas l'existen
US30 Scalper EA MT4
Lo Thi Mai Loan
5 (6)
Promotion de lancement ! Il ne reste que quelques exemplaires au prix actuel ! Prochain prix : 1533 $ Prix final : 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:  https://www.mql5.com/en/market/product/107337?source=Site+Market+Product+Page For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30
Bienvenue dans Diamond Ultimate !!! BACKTEST GUIDE PROMOTION DE LANCEMENT : Il ne reste plus que quelques exemplaires au prix actuel ! Prix final : 4993,99 $ Diamond Ultimate   combine des algorithmes basés sur diverses actions de prix avec 13 ans d'expérience sur le marché pour exécuter des ordres et gérer le capital. Toutes les transactions ont des niveaux clairs de stop loss et de take profit. L'EA utilise un stop loss suiveur pour sécuriser les bénéfices. L'EA peut ouvrir jusqu’à 7 tr
Oracle MT4
Stanislav Tomilov
4.1 (10)
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
AI Meta EA MT4
Denis Kurnev
4.43 (7)
Introducing the AI Meta EA advisor - a remarkable leap in the world of trading! If you've always aspired to something greater and uncharted, then AI Meta EA is what you need. It harnesses cutting-edge artificial intelligence technologies, developed using neural networks and hidden algorithms in the deepest corners of the internet. What makes AI Meta EA so uniquely exceptional? Forget about old strategies and mundane indicators! My advisor possesses an intuition that even the most experienced tra
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9493257 2020.11.04 11:40 
 

Hello sir, I bought the pinbar trader EA but I have a problem, when I configure it not to make purchases, it still makes them, and when I configure it not to make sales, it still makes them. can you fix that situation?

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