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
(634)
Projetos
1003
47%
Arbitragem
33
36% / 36%
Expirado
98
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 want a robot that executes round-the-clock trades on Gold, starting with a 0.01 lot size and increasing to 0.02 if the trade moves against the position. The first reinforcement (averaging) step should trigger after a $5 drop; then, the lot size should increase to 0.04 after another $5 drop, and to 0.08 after a further $5 drop. This doubling pattern should continue for every $5 movement up to a total range of $50
I am looking to hire a developer who has a good scalping EA for Gold. The bot must have been tested in a live market and the developer should be willing to send a demo for testing. Pls do not waste time if your EA has not been tested in a live market
We are seeking an experienced software developer and financial analyst to build an advanced AI trading robot capable of analyzing various market conditions through both technical and fundamental analysis. The system should be able to process real-time data, generate trading signals, and adapt to changing market environments
I need to replicate the trade i take on prorealtime to mt5 The bridge must be designed to transfer my positions from ProRealtime to MetaTrader 5 on VPS PC. Opening the transaction in the ProRealtime , i must see automatically the same deal in myMetaTrader. Changing my stop orders in the ProRealtime should also change my orders in MetaTrader
Hello, I want to create a trading robot (Expert Advisor) for MetaTrader 5 (MT5). I am looking for a profitable trading strategy based on Technical Analysis indicators. The robot should have auto lot sizing, Stop Loss (SL), and Take Profit (TP) features. Please share your available strategies and cost. Thanks
Hello Developers, I am looking for an experienced developer to build a high-quality, professional automated trading bot for the Quotex binary options platform. The bot must be fully automated and strictly follow a Non-Martingale (Non-MTG) strategy. ### Key Requirements: * Platform: Quotex (Binary Options). * Strategy Type: Strictly Non-Martingale (No double lots, no loss-recovery multiplication). * Money Management
I have a High-Frequency Trading (HFT) Expert Advisor for both MT4 and MT5 . The EA performs consistently and profitably on demo accounts , but when I run it on an IC Markets Raw and standard live account , it begins generating losses under what appear to be the same trading conditions. if needed i can provide Full EA source code (.mq4 and/or .mq5) and Set file. I need an experienced MQL4/MQL5 developer to thoroughly
I will pay 3000+ USD (negotiable) for an EA for existing MT5 that generates a minimum of 5% or higher a month consistently Please send demo version with optimal settings so I can test, if it performs in a strategy tester i will also need option to forward test it in a demo account. You will provide me with the.ex5 file with an expiration of 1 week, so that I can test the EA first on demo account. Developer should be
I need a professional Expert Advisor (EA) for MT5 that merges the concepts of 'Smart Map' (Institutional Liquidity & Order Blocks) and 'X Trend Pro' (High-accuracy Trend following). Core Specifications: 1. Entry Strategy: The EA must automatically map key liquidity zones/order blocks. It should only trigger a trade when a strong trend signal (X Trend Pro style) aligns with a major liquidity area on the H1 timeframe
hello coders , below is 60 percent of logic of the strategy. firstly Execution must work in real time with high accuracy. Code should be clear ,maybe modular . 2. Trailing line of Strategy A , BuyExecution_A Line ,SellExecution_A Line will be shown to watch "live" on Chart. if you have experience of phyton is also good STRATEGY A: At Start Open a Buy and a sell position at the same time and price. The coming

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias