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
(628)
Projetos
989
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
AI Trading Bot 30 - 80 USD
Essential Components for Indicator Specification Objective & Overview: Briefly describe what the indicator calculates (e.g., trend, momentum, volatility) and its main purpose. Input Parameters (Variables): List all user-definable inputs (e.g., Moving Average periods, ATR multiplier) to avoid hardcoding values. Detailed Logic/Calculation Rules: Explain the formula or logic to calculate indicator values. Define
Hi, I hope you’re doing great. I’d like to share the project details. The original EA is already working, but I need you to first review and verify that all existing features are functioning correctly. After confirming everything works properly, the next task is to add a simple user dashboard that shows the number of detected zones, buy/sell/none status, and includes an ON/OFF button. Also, please make sure that
looking for Expert to create or ready made solution for bonus hedge auto set cross trading of opposite trading strategy. the expert may guide what max and best he can do to make the EA perfect
Set specific time to run this function(order). The time can be hard-coded or inputted by user. Time format: HH:MM:SS:ss Example: 17:58:48:59 -> This means an order will be triggered at 5 pm 58min 48sec 59 today. Set “Stop loss” and order a Sell stop. “At price” triggered automatically: current(specific time set above 1) Gold price - 2$ Stop loss: current Gold price + 2$ Volume: 0.1 (It can be hard-coded or inputted
Simplebot 30+ USD
#include <Trade/Trade.mqh> CTrade trade; input double LotSize = 0.1; input int FastMA = 10; input int SlowMA = 20; int fastHandle, slowHandle; // Initialize indicators int OnInit() { fastHandle = iMA(_Symbol, PERIOD_CURRENT, FastMA, 0, MODE_SMA, PRICE_CLOSE); slowHandle = iMA(_Symbol, PERIOD_CURRENT, SlowMA, 0, MODE_SMA, PRICE_CLOSE); return(INIT_SUCCEEDED); } void OnTick() { double fastMA[2]; double
I need an Expert Advisor (EA) for MetaTrader (MT4 or MT5) based on the following scalping strategy. Platform: MT4 or MT5 Symbol: EURUSD (should work on other pairs as well) Timeframe: M1 or M5 Indicators: - EMA 9 - EMA 21 - RSI (14) Buy Conditions: - EMA 9 crosses above EMA 21 - RSI > 55 - Spread < 1.5 pips - Only one trade at a time Sell Conditions: - EMA 9 crosses below EMA 21 - RSI < 45 - Spread < 1.5 pips -
In need of an automated bot that strongly detect support and resistance zones where price has a high probability of reacting ,rejecting or reversing. The zones should be built on combibation of of : (a)swing high and swing low.(b)repeated price reaction c)rejection strength (d)break and retest behaviour (e) consolidation origin before implusive move (f) strong displacement candles
I need a mt5 Expert advisor ea to manage intraday trades with strict risk management. The EA must -Handle between 5 to 8 clean trades a day max altogether throughout all 3 sessions. no big news trading times and no overnight trades -Use 1% on forex pairs and upto 2% on XAUUSD risk per trade - Automatically calculate lot size based on stop loss -use fixed RR ratio [1:2] For forex pairs, the stop loss should be
I need a clean, bug-free MT5 Expert Advisor (MQL5) based on this exact mechanical scalping strategy on M5 timeframe for EURUSD. Indicators (built-in): - EMA 9 and EMA 21 on M5 - RSI 14 - ADX 14 (>25 for strong trend) - H1 EMA 21 above/below H1 EMA 9 for trend alignment Entry Rules (ALL must be true): BUY: EMA9 crosses above EMA21 (on closed bar) + RSI > 50 + ADX > 25 + H1 EMA21 > H1 EMA9 SELL: Mirror (cross below
I will like to purchase tradingview strategy with high winning rate, i mean already made, tested and trusted and powerful strategy, i have tried to code my own strategy with lot of freelancers but nothing to me i am just wasting money, i have wasted lot of money already, so i need a high winning rate tradingview strategy, we can discuss price in chat, I will need to see some test result as well

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias