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
(630)
Projetos
994
47%
Arbitragem
33
36% / 36%
Expirado
98
10%
Livre
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
I’m looking for an experienced developer to build a MT5 EA that combines the following three strategies into a single system: Strategy 1 – H1 Zone Rejection (Pullback Entry) Identify the high and low of the H1 timeframe Enter trades when price reaches the H1 high/low zones Confirm entry using a bullish/bearish candle on the M15 timeframe Target a 1:2 risk-reward ratio Strategy 2 – Breakout & Retest Identify the H1
Hello, I have a Ctrader indicator with the source code, I was wondering if this possible to convert it to Quantower. Hello, I have a Ctrader indicator with the source code, I was wondering if tis possible to convert it to Quantower., i need an expert who can convert it perfectly
AI Trading MQL5: Maximizing Profit from a $10 Investment Achieving significant profits from a small initial capital like $10 in AI trading with MQL5 requires a highly strategic and disciplined approach. While the potential for exponential growth exists, it's crucial to manage expectations and understand the inherent risks. **Key Strategies for Small Capital AI Trading:** 1. **Low-Risk, High-Probability
Manage my money and make strategy add money in my bank account analys account trade for me convert money in to my accountNext, you need to describe all terms and concepts contained in the idea description. If trend is important for your strategy, clearly define what indicator should be used to determine the trend direction and strength. The numerical characteristics of these definitions form the basis of Expert
Description: Looking for an experienced MQL5 developer to build an EA that: Reads MT5 trade history (DEALS format) Reconstructs trades using Position ID Replays trades in Strategy Tester (tick-based) Simulates trades internally Applies additional logic on top of trades Runs dual mode (original vs enhanced) Calculates MAE/MFE Shows trades visually on chart Outputs performance comparison Delivery required: same day
I need a professional developer to help me create an EA using RSI and Moving averages.The strategies are well organised and everything is in order. I will send all the details in the inbox
Build an MT5 EA focused on low-latency M1 scalping , where performance depends on execution quality (spread, slippage, commissions), not complex indicators. Core Idea M1 timeframe scalping only Short-term momentum + volatility-based entries Trade only in high liquidity sessions (London + NY) Avoid low volatility / Asian session conditions Execution Rules (Critical) Max spread filter (configurable) Max slippage filter
Build an MT5 EA focused on low-latency M1 scalping , where performance depends on execution quality (spread, slippage, commissions), not complex indicators. Core Idea M1 timeframe scalping only Short-term momentum + volatility-based entries Trade only in high liquidity sessions (London + NY) Avoid low volatility / Asian session conditions Execution Rules (Critical) Max spread filter (configurable) Max slippage filter
Project Overview I need assistance coding a hedging Expert Advisor (EA) that operates in "closed cycles" with a strict limit of five simultaneous open positions . EA Logic & Mechanism Initial Entry: Open a Buy position of 0.01 lots (Position A) with a Take Profit (TP) target of $1.00. Scenario 1: Price Drops (Hedging Step 1): If the price moves against the first trade, open two positions simultaneously: a Sell 0.02
Powerful 30 - 100 USD
I really want a powerful developed EA that can generate a minimum of 10% every month without martingale, greed or any dangerous strategy for sale. Developer must provide the mql5 file or the raw file for modification etc

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias