Simple Pinbar EA

MQL4 Experts

Trabalho concluído

Tempo de execução 3 dias

Termos de Referência

Good afternoon. I would like to have a pinbar ea, which trades automatically when it detects that the previous bar was a pinbar. I am also going to attach an indicator, which could help you get ideas in coding this EA. 

 This is a high level view:

 

1) Basic function is it looks at the current bar right when it finishes, and makes a decision on whether it is a pinbar or not. For example, a simple rule could be 72% of whole candle is wick, and rest 28% is actual body. So anything >= 72% wick is classified as pinbar.

2) If it deems at the close of the current bar that it is a pinbar, it immediately opens an order in the direction of that pinbar. The important part here is that it immediately acts and takes an order, if the previous bar was indeed a pinbar.

3) It can do that for every open chart in your MT4.

4)  Basic requirement is that it can do that for range bars, tick bars etc. For example, for a 50 pip range bar chart, it detects again when the bar will close and classifies it. 

5) Based on #4, it is very important to see whether there is a mechanism in MT4 to detect if the current bar has changed. I don't know if MT4 gives this possibility. But this is a requirement because for example on a 4 hour chart, sure you know the bar will change after 4 hours. But in a 50 (or 100, or 200) pip bar, the bar will change whenever the whole range of pips has been covered.


It would be easier if this EA just recognizes when there has been a bar change, and immediately makes a decision on the previous bar based on point 1.

A simple algorithm approach I am thinking of is this:

1) Detect when the current bar has changed.

 2) Immediately go to previous bar, subtract low from high to get the whole candle length.

3)Subtract close from open to see whether candle was bullish or bearish. If bullish, we are looking to buy. If bearish, we want to sell.

4)For example in the case that the close was higher than the open (bullish), subtract the open from the low so that we know how big the wick is.

5) Compare the length of the wick to the length of the whole body (wick length divided by whole candle length perhaps). If the wick is 72% or more of the body, we immediately take a bullish trade. 

 Similar for bearish trade. I ncase of time charts, we might also want to take a look if there is a wick above the close for a bullish trade, or below the close for a bearish trade.

 

It would be great to do some statistical analysis of the famous pinbar through this EA. If you take a look at it, I will be very thankful! 

Arquivos anexados:

MQ4
PinBar.mq4
31.5 Kb

Respondido

1
Desenvolvedor 1
Classificação
(630)
Projetos
994
47%
Arbitragem
33
36% / 36%
Expirado
98
10%
Livre
Publicou: 6 códigos
2
Desenvolvedor 2
Classificação
(29)
Projetos
49
22%
Arbitragem
14
29% / 21%
Expirado
13
27%
Livre
3
Desenvolvedor 3
Classificação
(772)
Projetos
1039
44%
Arbitragem
50
8% / 50%
Expirado
116
11%
Livre
Pedidos semelhantes
24/7 Pick-and-Pack Bot 30 - 200 USD
Title: MT5 EA for XAUUSD M5 – Auto SL/TP + News Filter – Mobile Compatible Strategy: 1. Pair: XAUUSD, Timeframe: M5 2. Entry Buy: EMA(9) crosses above EMA(21) AND RSI(14) > 50 3. Entry Sell: Opposite 4. Exit: SL = 150 points, TP = 300 points. No trailing. 5. Risk: 1% of balance per trade, lot size auto-calculated 6. Time filter: Trade only 08:00–18:00 GMT+2, Mon-Thu. No Friday trades. 7. News filter: Pause 30min
24/7 Pick-and-Pack Bot 30 - 200 USD
Title: MT5 EA for XAUUSD M5 – Auto SL/TP + News Filter – Mobile Compatible Strategy: 1. Pair: XAUUSD, Timeframe: M5 2. Entry Buy: EMA(9) crosses above EMA(21) AND RSI(14) > 50 3. Entry Sell: Opposite 4. Exit: SL = 150 points, TP = 300 points. No trailing. 5. Risk: 1% of balance per trade, lot size auto-calculated 6. Time filter: Trade only 08:00–18:00 GMT+2, Mon-Thu. No Friday trades. 7. News filter: Pause 30min
Looking for a trading bot / Expert Advisor that wont make dozens of small successful trades and then one or two unsuccessful trades that wipes out your account Requirements: - MT4 capable - Use on the major currency pairs - although open to other currency pairs - Be successful in monetary terms not necessarily in how many successful trades
I need a MT5 Prop firm challenge passing EA with strict prop firm rules compliance. Any strategy can be used but win rate should be above 70%. It should have high impact news filter and a dashboard panel to monitor daily drawdown, target profit, current balance, etc. It should not have martingale, grid, hedging, etc
Project goal: To code several items for Ninja Trader, ranging from simple to more complex tasks, with potential for ongoing collaboration. Scope of work: - Develop code for specific items in Ninja Trader. - Implement minor functionalities like a line at a time level. - Address more complex coding needs as they arise
I need a MT5 Prop firm challenge passing EA with strict prop firm rules compliance. Any strategy can be used but win rate should be above 70%. It should have high impact news filter and a dashboard panel to monitor daily drawdown, target profit, current balance, etc. It should not have martingale, grid, hedging, etc
I’m looking to partner with an experienced EA developer who has a proven, working Expert Advisor that delivers stable and consistent monthly performance. A bit about me : I’m Barak, founder of FX Trade Africa — I operate in the African trading market, with reach across francophone countries including the DRC, Cameroon, Côte d’Ivoire, Senegal, and Benin. These are fast-growing retail trading markets where the demand
Hello Developers I have a Project to get done! i have a simple strategy can you please create the automated forex ea to execute my trading strategy? i need custom ea for tradingview and mt4/mt5 correction: i need a tradingview indicator created that tells me when to buy or sell. and ea in mt4/mt5
I am looking to purchase a high-quality, fully developed MQL5 Expert Advisor (EA) that has demonstrated consistent profitability over time. Key Requirements: The EA must have a proven track record of consistent profitability for at least the past 5 years . Preference will be given to EAs with 10+ years of consistent profitability . The strategy must be robust, stable, and not reliant on over-optimization or curve
Pro firm setup 30+ USD
Hi, I am starting a futures prop firm. Are you able to help me get data feed for this with no delays and can handle many traders on the platform. Additionally, are you able to handle charts for us

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias