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
Look at this chart. The ellipses that I have identified show reversals and liquidity was I am trying to find a good way to identify these areas an indicator that automatically detects the sweep and reversal Look at this chart. The ellipses that I have identified show reversals and liquidity was
Subject: EA Requirements for Prop Firm Trading - Live MT5 + Investor Access Required* To apply, you must already have the EA running live on an MT5 account connected to the market. You will need to provide the investor password and login for me to trace and monitor the account. *EA Requirements:* 1. *One trade at a time only* - EA must not open a new position if one is already running. Use `OrdersTotal() == 0` check
I am looking for an experienced MQL5 developer to build an advanced Expert Advisor (EA) for MetaTrader 5. The EA must parse trading signals from Telegram channels and execute them automatically on MT5 with high accuracy and low latency. Key Requirements & Custom Features: Multi-Channel Support (2 Telegram Channels): The EA must be able to listen to two different Telegram channels simultaneously. Independent
Overview: I am looking for an experienced MQL5 developer to build an advanced Expert Advisor (EA) for MetaTrader 5. The EA must parse trading signals from Telegram channels and execute them automatically on MT5 with high accuracy and low latency. Key Requirements & Custom Features: Multi-Channel Support (2 Telegram Channels): The EA must be able to listen to two different Telegram channels simultaneously. Independent
Ich möchte einen professionellen Expert Advisor (EA) für MetaTrader 5 entwickeln lassen, der sich funktional am ThunderGold Scalper orientiert. Instrument: XAUUSD / GOLD Zeitrahmen: M15 Plattform: MetaTrader 5 / MQL5 Der EA soll eine eigene, nachprogrammierte Strategie verwenden und keine geschützten Quellcodes oder proprietären Dateien des Originalprodukts kopieren. Gewünschte Funktionen: automatischer Handel auf
I need a fully automated Expert Advisor (EA) written in MQL5 for MetaTrader 5. The EA must work directly inside MT5 and must NOT require TradingView, PineConnector, webhooks, or another external connector to place trades. Trading Instrument Primary symbol: XAGUSD (Silver) My broker may display the symbol as XAGUSD-ECN, so the EA should work with the broker’s available XAGUSD symbol. Main entry timeframe: 5-minute
RECHERCHE DÉVELOPPEUR MQL5 — PARTENARIAT 50/50 Objectif : développer un EA de trading automatisé en 11 jours maximum pour participer à plusieurs concours de trading démo. Je recherche un développeur MQL5 expérimenté, capable de développer, tester et optimiser un EA proprement, avec une vraie maîtrise de la gestion du risque. CONCOURS VISÉS 🥇 XM — Weekly Demo Contest - Concours récurrent - Prize pool annoncé : 25 000
I need a EA programer to program my EA for MLQ5 to sell at the last candle before impulses to the downside(-) and buy on the last candle before the upside(+) movement. For the take profit we target the nearest high for buy and target nearest low for sell.Stop loss on the last weak of the order block
//+------------------------------------------------------------------+ //| XAUUSD Wolfe + SMC Quick Profit EA | //| MT5 / MQL5 | //+------------------------------------------------------------------+ #property strict #include <Trade/Trade.mqh> CTrade trade; //================================================================== // INPUTS //================================================================== //--- General
can you help me with I have an indicator that I built and I work with PickMyTrade. The entries come through the alerts I get from Trading View . Trading View needs to send an alert and PickMyTrade executes a trade at that exact same second. Now, I have a problem in Trading View with the synchronization between the alert and the signal. I have a box that I built for a trade. It needs to output the box and get an