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
(636)
Projetos
1008
47%
Arbitragem
33
36% / 36%
Expirado
99
10%
Trabalhando
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
I’m looking for an experienced Pine Script developer to build a custom H1 price-action indicator. Requirements: Calculate levels using H1 candles only. Use New York RTH (9:30 AM–4:00 PM), excluding extended hours. Create horizontal levels when candle direction changes; dojis break the sequence. Invalidate levels only when an H1 candle body crosses them, not wicks. Confirm levels after the RTH session closes to
MT5 Trading EA — EMA/RSI Strategy with Risk Management and Trade Protection Hello, I'm looking for an experienced MQL5 developer to build a reliable Expert Advisor for MetaTrader 5 based on a simple trend-following strategy. My main priority is not adding as many features as possible. I want a clean, dependable EA that follows the specified rules consistently in both Strategy Tester and live/demo trading. 1. Trading
MT5 to DxTrade, MT5 to NinjaTrader 8, MT5 to Tradovate - Does anyone have a working copy trading system for this - like already existing system for any of this platforms, don’t want dev saying they will build one, I want copier already working - MT5 to DxTrade (Good), To Tradovate and NT8 might be complex as they are future based. That is why I asked for working system and code. Deliver demo - with a week limit if
To create a unique description that meets the freelance site's requirements, you can type the following: "I am looking for an experienced MQL5 developer to create a custom Forex Expert Advisor. The trading strategy should be based on a moving average crossover system, filtered by the Relative Strength Index indicator. The expert advisor needs to feature distinct strategy modules with adjustable settings for the
Mt5 35+ USD
//+------------------------------------------------------------------+ //| HedgingBasket_EA.mq5 | //| Copyright 2026, Trading Bot | //+------------------------------------------------------------------+ #property copyright "Trading Assistant" #property version "1.00" #include <Trade\Trade.mqh> CTrade trade; //--- Input parameters input group "=== Hedging Settings ===" input double InpLotSize = 0.01; // Lot Size for
Hi All, I am looking for a EA which makes good profit, If any having please share it for TEST, After proper TESTING only I will make the payment, no cheating no fraud, Please do not waste the time also
Custom MT5 Expert Advisor (EA) Development | MQL5 Automation Turn Your Trading Strategy into a Powerful Automated Trading System! Are you looking for a professional MT5 Expert Advisor developer to automate your trading strategy? I specialize in developing custom MetaTrader 5 (MT5) Expert Advisors and indicators using MQL5 , tailored to your trading rules, risk management preferences, and trading goals. Whether you
Mt5 to mt5 copier 30 - 50 USD
Hi Team i am looking for the copier, to copy trades to and mt5 broker where the EA Trading is Disabled. when we setup a market trade copiers, it alerts EA Trading is Disabled by the broker. can we develop the copy trading EA which and operate in this environment
Nayan4602 30+ USD
""" Market entry on EUR/USD with 0.01 lot, using the account that is ALREADY logged in inside the running MetaTrader 5 terminal. """ import MetaTrader5 as mt5 # ---------------- Config ---------------- SYMBOL = "EURUSD" LOT = 0.01 SIDE = "BUY" # "BUY" or "SELL" DEVIATION = 20 # max slippage in points MAGIC = 234000 SL_POINTS = 0 # 0 = no stop loss, 200 = 20 pips on a 5-digit feed TP_POINTS = 0 # 0 =
Hello, I’d like to develop an AI-powered analysis dashboard for , with a clear, easy-to-use design that works on mobile and web, or on the platform we agree on. I’d like it to include: Main dashboard: Show the market status, the latest data update, and the current signal, if available, including direction, entry price, stop loss, targets, and risk-to-reward ratio. AI signal explanations: Explain in clear language why

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias