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
1007
47%
Arbitragem
33
36% / 36%
Expirado
99
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
ROBOTFORX_V7 40+ USD
i have the robotforx_v7 code but am looking for an experinced developer to improve my code i want it to capture quick moves on 5mins it should be able close like ten trades in small profits
I BUY EA FOR FTMO XAUUSD I am looking to buy professional Expert Advisors (EA) suitable for FTMO and other prop trading environments. I am interested in XAUUSD . I am NOT looking for high-risk EAs with impressive but unrealistic backtests. I am looking for low drawdown, consistent returns and robust strategies that can survive real market conditions. REQUIRED RISK PROFILE Maximum preferred daily drawdown: 1% Maximum
EA REQUIREMENT — READ BEFORE ACCEPTING This is my 4th attempt to get this EA built correctly. Many developers have already failed to reproduce my TradingView results. Please read the complete requirement first. Do not accept the project if you are not confident that you can achieve the required accuracy. I do not want to waste your time or mine. I will provide my TradingView Pine Script, settings, and baseline trade
the bot will be used for xauusd scalp trading , want the bor follow the trading indicator will SL and open another opposite order where i can customize the SL margin and risk management
I am looking for an experienced MQL5 developer to build a robust XAUUSD scalping Expert Advisor for MetaTrader 5. The EA should focus on consistent risk management, controlled drawdown, high-quality trade filtering, precise entries and exits, configurable stop loss and take profit, spread and volatility protection, trading-session filters, and reliable execution. I need the strategy to be fully backtestable and
I will pay 2500 to 10000 USD (negotiable) for one MT5 Expert Advisor, built properly. One robot done right, not a batch of cheap jobs. I have a strategy I believe in and a rough draft robot I built myself. The logic is there. The execution is not. That last part is outside my expertise, which is why I am hiring instead of continuing on my own. I am open to feedback on the strategy itself. If you see something in it
I Have an existing Mql5 Expert advisor (source code), I want a professional programmer to help me Modify the EA... so that it can stop taking new trades once it Gets to a Pacific Lots Size or Floating loss
رباط 30+ USD
//+------------------------------------------------------------------+ //| AdvancedPriceAction.mq5 | //| Copyright 2026, Trading Strategy AI | //+------------------------------------------------------------------+ #property copyright "Trading Strategy AI" #property version "1.00" #property strict #include <Trade\Trade.mqh>
I Have an existing Mql5 Expert advisor (source code), I want a professional programmer to help me Modify the EA... so that it can stop taking new trades once it Gets to a Pacific Lots Size or Floating loss
I will pay 10k (negotiable) for an EA for existing MT5 that generates a minimum of 5% or higher a month consistently Please send demo version with optimal settings so I can test, if it performs in a strategy tester i will also need option to forward test it in a demo account. Developer should be willing to demonstrate how efficient the robot is, Once you send me the demo, I will test the EA on a real-time account

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias