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, I would like to create a trading robot based on the Moving Average indicator. Here are the technical specifications: 1. Indicator Settings: - Moving Average Period: 50 (Exponential - EMA). - Applied to: Close price. 2. Buy Signal (Long): - Enter a Buy order when the price crosses and closes above the 50 EMA. 3. Sell Signal (Short): - Enter a Sell order when the price crosses and closes below the 50 EMA. 4
Hello, I am looking for an MQL5 developer to create a simple custom Expert Advisor for MetaTrader 5 based on my manual trading strategy. Strategy requirements: Instrument: NASDAQ index (broker-dependent symbol, e.g. NAS100 or USTEC). Timeframe: M1 (1-minute chart). Trading session: 16:00–21:00 Slovenia local time, with daylight saving time handled correctly. Strategy: Bull Coach / Bear Coach price-action setup based
Diusang 50 - 533 USD
TITLE: Diusang EA - [ e.g. Gold M1 Scalping Robot ] 1. PLATFORM: MT4 or MT5 ? 2. PAIR / TIMEFRAME: e.g. XAUUSD M1, M5 3. STRATEGY LOGIC: - Entry Buy when: ... - Entry Sell when: ... - Indicator settings: ... 4. RISK MANAGEMENT: - Lot size: Fixed 0.01 / Auto lot from balance? - Stop Loss: ... pips - Take Profit: ... pips - Max trades: ... 5. OTHER FEATURES: - Trailing stop? Yes/No - Trading hours
buy stop sell stop with multiple orders send trail file and performance chart to test.....Backtesting results and verified trading history, source code availability. Existing bots are welcome...fully automatic.. no martingale. note- i need expiry and account number in source code... fixed budget...don't bargain please...read well then confirm job please
Title: Fully Automatic MT5 Trading Bot (Expert Advisor) with Risk Management I want a fully automated trading robot (Expert Advisor) for MetaTrader 5, written in MQL5. The bot must automatically analyse market data, identify trading opportunities, execute BUY and SELL orders, manage open positions, and close trades according to predefined rules without requiring manual confirmation for each trade. Requirements
Hello. I have some custom chartbooks/studies that run on ACSIL C++ in Sierra Charts trading platform. I need them put into pinescript to be able to be used in trading view and look similar to the charts we are giving you. also need it to be able to work on ninja trader NinjaScript (C#)/java, and MQL4 and MQL5 for metatrader 4 and 5. You would have to assist with testing. Let me know if you can help with this task
Hello I want some that can help with my strategy signal I have the video that you are going to watch if you know you can help me with kindly do well to bid and let discussed it an urgent project and also if you can not work before you get paid please don bid thanks
Hello, I’m looking for an experienced developer to research, build, test, and install a fully automated MetaTrader 5 trading bot for gold, XAUUSD. My total development and installation budget is $300, including all agreed work and fees. My goal is to pass a $100,000 FTMO US Two-Step Standard evaluation and sustainably maintain the funded account. I need a day-trading strategy that can buy in bullish markets and sell
Looking to Buy a Private, Proven XAUUSD or Forex Trading System I’m looking to buy a reliable trading method, strategy, indicator, or EA that can help me achieve consistent results on XAUUSD or currency pairs. My budget is open, and I’m willing to pay your asking price if you can demonstrate that the system works through verifiable results. I’m specifically looking for a private, unpublished system that has not been
I have three indicators that operate independently. I want to combine them into one indicator with custom expert programming that automatically enters trades when a signal is generated by one of the indicators. I will pay for this service Thanks you

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias