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 am an independent developer selling an Expert Advisor (EA) on the MQL5 Market. I am looking for an experienced Forex affiliate marketing company or professional marketer to promote my existing MT5 trading robot to customers worldwide. My proposed partnership offers a 35% commission per verified sale, with the possibility of a long-term collaboration. I would like to know: Do you promote third-party MT5
I am a serious trader looking to acquire an existing, stable, and consistently profitable Expert Advisor (EA) specifically designed primarily for Gold (XAUUSD). This is an outright purchase. I am not interested in developing a new EA from scratch. I am only interested in ready-to-use systems with a genuine, verifiable track record of performance
I am a serious buyer looking to acquire an existing, stable, and consistently profitable Expert Advisor (EA) specifically designed primarily for Gold (XAUUSD). This is an outright purchase. I am not interested in developing a new EA from scratch. I am only interested in ready-to-use systems with a genuine, verifiable track record of performance. ✅ EA Requirements Mandatory Demo Testing on DuraMarket Testing on a
For professional developers only: don’t fluff or be hyped to take the job I have two codes they are the same if I can say they are the same buy/sell arrows clean codes you merge them into one shot sniper system. I already did the job before I want a professional to stamp them into a complete system the other one is late the other one is on time I want clean sniper; check pictures before u take the job
USD54 Applications The bot should open trades when the price breaks out of the band by a specified percentage, for example, 0.10%. If the price breaks above the band, the bot should open a long position. If the price breaks below the band, it should open a short position. The bot should also open trades when the price touches a band: Bullish band cross: When a bullish cross occurs between the bands, the bot should
#property strict #property version "1.00" #property description "EMA Trend + Pullback + Engulfing EA" // Include the standard MT5 trade library. #include <Trade/Trade.mqh> CTrade trade; //============================================================== // INPUT SETTINGS //============================================================== // Trend indicators input int FastEMA = 20; input int SlowEMA = 50; // Pullback
Hi there great developers I need someone who can create an trading ea that can open order per movement but it must cover up the spread first if it going to place an order the ea should read the spread it can use and indicator that can calculate the market point using atr if the spread is 20 points then the ea calculation the next price if it will go more then 20 points it can automatically place orders and close in
Title: Build a Semi-Automated MT5 Execution Assistant (MQL5) with Custom Panel Description: I am looking for an experienced MQL5 developer to build a semi-automated execution assistant for MetaTrader 5. I know this is a standard semi-automated panel with trade management. I am looking for a developer who has an existing GUI/panel library and standard trade management modules that can be adapted quickly. If you are
Trade copier EA 40+ USD
Develop a low-latency trade copier EA supporting MT4 and MT5 in all directions, across different brokers, with one master account copying to multiple follower accounts. Automatically adapt symbol names, price digits, contract sizes, and lot-size limits, with manual symbol mapping available. Support fixed lots, lot multipliers, and equity-proportional sizing. Synchronize market and pending orders, modifications
Hello, I’m looking for an experienced MQL5 developer to build a genuine ultra-fast HFT robot for MetaTrader 5, not a conventional scalping EA. The main instruments are EURUSD, BTCUSD, and XAUUSD. Requirements include fast execution, independent strategies, strict risk management, spread/slippage protection, separate optimization for each instrument, full MQ5 source code without a mandatory license lock, and detailed

Informações sobre o projeto

Orçamento
15 USD
Prazo
de 1 para 8 dias