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
Hello developers,I am looking for an experienced MQL5 developer to create an EA based on Moving Average retest strategy with advanced recovery system.The concept is simple: Entry is based on MA close and retest. Initial trade has small TP and no SL.If price goes against the initial position, the EA should manage it using:Opposite hedge tradePending limit grid systemBasket take profitMartingale lot multiplier after
Hi Traders, I am an MQL5 Developer with a strong background in building custom MetaTrader 5 Expert Advisors (EAs). I have developed an efficient, high-precision entry & exit logic that focuses on clean execution and smart risk management. Whether you want to consult on strategy design, integrate this logic into your trading setup, or turn your own system into a fully automated EA, I am here to help! I am currently
Hi! I have an optimized MQL5 entry and exit logic ready to be coded into a custom EA. It focuses on precision timing, proper risk management, and clean execution. If you are interested in discussing or integrating this into your trading setup, feel free to drop me a message
Professional MQL5 developer available for custom Expert Advisor (EA) and Indicator development on MetaTrader 5. What I can build: Custom EA based on your strategy rules (SMC, FVG, Price Action, Indicators) Risk & Money Management modules (Auto Lot, Daily Loss Limit, Trailing Stop) Real-time Alerts (Telegram, Email, Mobile Push Notification) Code Optimization & Bug Fixing for existing MQL5 programs Workflow: Please
Thujkkds 30 - 200 USD
Me and I will be there thank you for your help and sub and sub and sub in the morning to get the season and the screen is on the way home now and I will motho
I’m looking for an experienced MQL5 developer to create a high-frequency trading bot similar to those used for passing prop firm challenges , customised to my requirements. The EA should support ultra-fast entries and exits, hundreds of trades within short sessions, and advanced pending-order strategies. I have reference videos showing the exact trading style I want. Budget: $100–$200 (negotiable). Only experienced
Goldn zon 30+ USD
Hello, I am looking for a developer. I have a robust strategy based on Fibonacci, which I call "Goldn Zon." I tested it myself throughout the month of September, and now I would like to have a bot implement it so that it can trade continuously
Hello, I am looking for an experienced MQL5 developer to design, develop, and test one very fast, aggressive ultra-scalping Expert Advisor exclusively for MetaTrader 5 (MT5). I do not have a predefined trading strategy, so I need someone who can independently research and develop a suitable strategy rather than simply code existing instructions. My requirements include: Strategy research, design, and MQL5 development
buy stop sell stop logic experienced understand programmer need for this job... first understand logic and interested please message .... i need minimum 4 exit logic idea from developer same logic existing ea welcomes with mql file 4 types of entry 1-place stop orders candle high above and low below based 2- when i start point ea hh candle buy stop entry, after ll sell stop 3- i put entry point for buy stop or sell
I am looking for MQL5 developers to pitch solutions or build an Expert Advisor (EA) for XAUUSD (Gold) designed to capture high-volatility price movements during major high-impact news events (NFP, CPI, FOMC). Key Requirements: News Filter: Must use MQL5's built-in economic calendar ( CalendarValueHistory ) to automatically detect and trigger during high-impact USD news, remaining inactive during normal hours

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias