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!
Pedidos semelhantes
MT4 EA TO TAKE TRADES FROM (A) HYDRA TREND RIDER AND (B) IQ GOLD GANN LEVELS ON MQL5.COM The MT4 version of these two indicators can be found on the mql5.com website with the following links: Hydra Trend Rider: https://www.mql5.com/en/market/product/111010?source=Site +Profile+Seller IQ Gold Gann Levels: https://www.mql5.com/en/market/product/134335?source=Site +Profile+Seller (1) ENTRY (a) Hydra Trend Rider
I have a strategy for US100 where I want a bot to trade according to my strategy, contact me who have proven experience in making bots for MT4 or MT5
I want a person who can help me to create bot. Setup would be 25 ema 50 ema cross over, when 25 ema cross 50 ema we will buy on upside and when it cross down side we will sell, condition is ADX I want to add ema of adx which I can explain in trading view only but I want to use this one in as a bot so how can we do it ? Need to do it in mt5 platform
Your job is to build an expert advisor exactly on the logic from transcation executed on a Live Account. I have read only access to the account and all data inside. I have 1 Month of Data of all Transactions over 5400 Trades. Its not super complicated. It is a GRID EA with some kind of entry/exit logic and hedging mechanism. Can you replicate/build the exact EA of this Data? It is running on XAU/USD and BTC/USD. All
I am currently looking to purchase a ready-made MT5 Expert Advisor designed specifically for prop firm trading . Requirements: Strategy must be safe for prop firm rules Maximum daily drawdown: below 4% Maximum overall drawdown: below 8% Target performance: 10% monthly return No martingale or high-risk grid strategies Must be able to run consistently on MT5 Purchase Conditions: I will require full source code (.mq5)
أنا أبحث عن مبرمج محترف لإنشاء روبوت تداول (Expert Advisor) يعمل على منصة MetaTrader 4 أو MetaTrader 5. مواصفات الروبوت: يعمل على زوج XAUUSD (الذهب) يفتح صفقة شراء أو بيع حسب الإشارة يعتمد على مؤشرين: Moving Average RSI عندما يتقاطع الموفينغ أفريج مع الاتجاه ويؤكد مؤشر RSI يتم فتح الصفقة. إدارة المخاطر: تحديد Stop Loss تحديد Take Profit عدم فتح أكثر من صفقة في نفس الوقت إمكانية تغيير الإعدادات بسهولة. مطلوب: كود نظيف
Job Description We are looking for an experienced MQL5 developer to build a professional Expert Advisor (EA) for MetaTrader 5 based on a detailed quantitative trading model. The EA will trade XAUUSD (Gold) on the M5 timeframe using a Session Breakout + Fibonacci Retracement strategy with advanced institutional-level filters. The system includes volatility filters, liquidity sweep detection, London session
I need an experienced MQL5 developer to modify my existing MT5 EA by replacing the current entry logic with a new breakout strategy and implementing strict prop-firm safety protections. The EA must behave exactly as specified below. If the final EA does not match the logic described, I will request revisions until it does. SYMBOL AND TIMEFRAME Symbol: USDJPY Timeframe: M15 only TRADING SESSION Trades may only open
I am looking to purchase an existing and profitable Expert Advisor (EA) designed for Gold (XAUUSD) scalping. This is not a request to develop a new EA . I am only interested in a ready system that is already trading profitably on a live account . Requirements • Designed for Gold / XAUUSD • Compatible with MetaTrader 5 (MT5) • Scalping strategy (preferably M1 or M5) • Verified live trading performance (preferably 6
I am currently looking to purchase a ready-made MT5 Expert Advisor designed specifically for prop firm trading . Requirements: Strategy must be safe for prop firm rules Maximum daily drawdown: below 4% Maximum overall drawdown: below 8% Target performance: 10% monthly return No martingale or high-risk grid strategies Must be able to run consistently on MT5 Purchase Conditions: I will require full source code (.mq5)