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
(632)
Projetos
1000
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
JDE LS 53+ USD
Purpose The system aims to: Analyze forex market data in real time Identify trading opportunities quickly Automatically execute trades Help users potentially grow small capital (e.g., R1000+), without guaranteeing profits 3. 👥 Users Beginner traders Intermediate traders Admin/Developer (to manage and monitor the bot) 4. ⚙️ Functional Requirements 4.1 Market Data Analysis The bot must collect real-time price data
I am looking for an experienced MQL5 developer to build a professional Expert Advisor with the following specs: TECHNICAL REQUIREMENTS: - Platform: MetaTrader 5 (MT5) - Pairs: GBPUSD and EURUSD - Broker suffix support (e.g. GBPUSD@, EURUSD@) - Primary timeframe: M5 -Higher timeframe bias: H1 and H4 (for trend direction only) - One chart setup — manages both pairs from one chart STRATEGY: - Price action based: BOS
OBJETIVO Criar um Expert Advisor MT5 profissional para XAUUSD focado em: Consistência Baixo drawdown Scalping profissional Proteção da conta Crescimento sustentável Compatibilidade com conta micro e prop firms NÃO utilizar: Martingale Grid Hedge agressivo Recovery system Multiplicação de lotes após perda --- ATIVO XAUUSD apenas --- TIMEFRAMES Timeframe principal M5 Confirmação tendência M15 Confirmação macro opcional
I need a very advanced and intelligent MT5 Expert Advisor coded in MQL5 for XAUUSD, based on ICT + CRT + Smart Money Concepts. The goal is not a simple robot, but a professional decision-making system with strong filters, risk control, and high-quality trade selection. The EA must include: 1. Multi-Timeframe Analysis - D1 / H4 / H1 bias - M15 / M5 entry confirmation - Bullish or bearish market structure - BOS, CHoCH
Intraday Trade Ninja EA — Complete Logic Structure This document maps the full architecture, execution logic, signal flow, trade management, and safety structure of the Intraday Trade Ninja MT4 Expert Advisor. 1. Core Indicators · ©Price Border (TMA bands) · MA-X Arrows · MA-Y Arrows · LeManSignal · EMA 49 & 89 - Per Candle Color Switching 2. EA Entry Architecture ·
I have a 90% completed project with the execution part left to complete, I have been struggling to complete this section and I need help from someone expert in MQL5 with knowledge on forex trading and ICT Concepts coding. Contact me for further details
Close Vol (%N): Closes half (or any percentage you want) of the lot size of your open positions. For example, if you have five open orders of 0.06 lots and want to close half of each, you simply click it, and it will close the specified volume from each individual order. Close Order (%N): Closes half (or any amount you want) of the total number of your open orders. For example, if you have ten open orders and want to
Hi basically I'm wanting an already made EA scalper that's constantly in and out of trades on the M1 time frame that has good risk management. It knows what it's doing. Most of its trades are profitable and that can start with $100. I am willing to pay up to $1500 for the right scalping bot. If you please have one and you're very confident in it, please allow me to use a live version to see how it does and if I'm
Need an trailing SL manager which can work with my all open trades (trades may be multiple), Put a fix SL based on entry price and then trail my strictly in my favoured direction, Initial SL shud be confiurable via a small dashboard
Pip killer ntt 100+ USD
Create a forex robot especially for sculping using the 3 ema strategy which consists of the following moving average levels of the 15 ma ,30 ema , 60 ema and 90 which enter potentially on a retest into the ema and targets opposite direction after the retest .Potentially bringing into account that the number of retested emas controlls the number of entreis which for eg. retest of the 15 ema single 0.01 trade is

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias