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
Requirements Specification: Debug & Error Fixing: Review the entire source code of the MQL expert advisor. Identify and fix all logical errors, bugs, and performance issues that cause trades to close prematurely or yield extremely low profits. Strategy Restructuring & Optimization: Fully analyze and optimize the current entry and exit strategy for USDJPY and GBPUSD. Modify, upgrade, or completely rewrite the entry
Its my analyisis 30 - 100 USD
Title: MT5 Expert Advisor (Trading Bot) Development: SMA/EMA + Smart Money Concepts Strategy Description (सीधा कॉपी-पेस्ट करें): I am an experienced trader and need a developer to build a custom trading bot (Expert Advisor) for MetaTrader 5 (MT5). My trading background: Strong knowledge of SMA and EMA (trend and crossover strategies) Full understanding of Smart Money Concepts (order blocks, liquidity, market
I am looking for an MQL5 developer to independently review an existing EA’s execution and position management logic. The review should focus on duplicate orders, trade isolation by symbol and magic number, broker price and volume constraints, error handling, and recovery after a terminal restart. This order is for an audit report. Please do not modify the source or change the trading strategy. For each finding
Hello, I need a custom Expert Advisor (EA) for MetaTrader 5 that implements a specific trend-following and reversal strategy using trailing pending orders. Here is the exact logic I need: 1. Initial Entry: The EA should open a Market BUY position (or I can open it manually, please include an option for both). 2. Trailing Sell Stop: As soon as the BUY position is open, the EA must place a SELL STOP pending order at a
i have back test video of exe5 file and need to develop ea mql mt5 source file experienced developers needed...i send video who are interested.... this is not martingale method
I’m looking for an experienced developer to build a fully automated XAUUSD scalping EA for MT5. Requirements: * Fast entries targeting small, profitable moves after trading costs. * Configurable fixed-target and trailing-stop modes. A $1 gold price move can trigger profit protection instead of closing the trade. * Once the profit trigger is reached, move the stop to cover costs and lock in a small net profit, then
I want to create an EA that will take trades according to a trading zone condition. The logic will start with the identification of a trading zone for BUY and SELL in the EA. After the trading zone has been identified, then the EA will use the current time frame prices to determine if the market will be a BUY or SELL. The market will be a BUY if the low price range goes above the lowest price after the installation
I have an existing compiled MT5 Expert Advisor (.ex5) for XAUUSD scalping. I need a developer to build a bridge that connects my existing EA to a broker’s FIX API, allowing its trading signals to execute orders directly through FIX instead of the standard MT5 trade server. I do not need a new trading strategy or a new EA. Please confirm whether this is technically possible without the EA source code, and explain your
I am looking for an experienced MQL5 developer and trader to develop a non-repainting scalping indicator for MT5 , designed for the M5 and M15 timeframes. Instruments I Trade: GainX 400 GainX 600 PainX 400 PainX 600 My Main Requirement: Signal Accuracy I do not need another basic indicator that simply displays BUY/SELL signals with Stop Loss and Take Profit levels. I already have several indicators, but their signals
Project Description: I need an MQL5 Expert Advisor built based on a precise Smart Money Concepts (SMC) multi-timeframe strategy. The bot must analyze the 1-Hour chart for institutional bias and execute trades on the 3-Minute chart following strict structural rules. 1. Inputs & Parameters (Customizable) - Risk Model: Fixed dollar risk of $20.00 for every $100.00 of account balance (20% per trade for personal capital

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias