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
(635)
Projetos
1005
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
Hello Developers, I want to build a custom Expert Advisor (EA) for MetaTrader 5 (MT5) to trade Gold (XAUUSD) and Bitcoin (BTCUSD). This will be based on my own custom strategy. Here are the project requirements: 1. Platform: MetaTrader 5 (MQL5) 2. Trading Assets: Gold (XAUUSD) and Bitcoin (BTCUSD) 3. Timeframe: Suitable for multi-timeframe execution (I will specify the exact timeframes in private chat) 4. Core
Poptavka ZN 35 - 40 USD
Požadavky: platforma MetaTrader 5, jazyk MQL5; předání úplného a čitelného zdrojového kódu .mq5 a všech potřebných .mqh souborů; zákazů knihoven, DLL, vzdálených serverů a externí licenční kontroly; zákaz martingale, gridu, navyšování pozice po ztrátě a obchodování bez stop-lossu; výpočet velikosti pozice podle procenta rizika a skutečné měny účtu; nastavitelné maximální denní riziko a celkové čerpání; ochrana proti
I will pay 10k (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 am looking for a profitable daily trading system. It can trade any pair of the following, Gold, EURUSD,GBPUSD so either of these three pairs. If it does trade other pairs and is very profitable then send proof. The system shouldnt be a risky system like a blind martingale. It needs to trade everyday and be profitable. It shouldnt be spread sensitive. Ideally i need the system on MT5 but if its on mt4 i can accept
The Great Martingale and Classic Martingale will be coded selectively in one . The Coder should know well both of Great and Classic Martingale and calculation of both of their lot sizing. Should understand the below Formulas of lot sizing after one loss or consecutive loses. if not understand the below please do not apply . A different trailing stop which calculates all profits/losses in a serie will be applied
Our advanced automated trading robot is designed to analyze the financial markets and execute trades without requiring constant manual intervention. Using intelligent algorithms, it monitors market trends, price movements, and technical indicators in real time to identify potential trading opportunities. The robot automatically opens, manages, and closes trades based on its predefined strategy, helping to remove
Professional MT5 Expert Advisor – Multi-Engine Trading Framework Description I'm looking for an experienced MQL5 developer to build a professional MetaTrader 5 Expert Advisor. This is not a simple indicator-based EA. The system should be designed using a modular architecture with a strong focus on maintainability, optimization, and future scalability. The first version should include the following features. Market
Description: I need an experienced MQL5 developer to build a professional MT5 Expert Advisor for XAU/USD based on my trading strategy. I require the full .mq5 source code and the compiled file. Trading Logic: Timeframes: H4 to determine overall direction, H1 for supply and demand zones, M15 for trade entries. Buy conditions: H4 trend is bullish, price reaches a valid H1 demand zone, liquidity sweep occurs below the
I'm looking for an experienced Python developer with a strong understanding of market microstructure, order flow, and electronic trading to help build a research-driven gold trading system. This is not a typical indicator or retail trading bot. The project focuses on analysing COMEX Gold Futures Market-by-Order (MBO) data to detect institutional order-flow behaviour and generate trading signals for XAUUSD (MetaTrader
WORKING EA 35+ USD
I Need an existing proven profitable EA. EA should have at least 3 months track record of consistency. My budget is $35 and nothing more. If you do not have the working EA for that amount, please do not apply. I'm not paying a dime more. Again do not apply if you are not willing to take the above amount

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias