Freelance Service auf MQL5.com: An Indicator based on two pinbars for Trend trading

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Ausführungszeit 17 Tage

Beschreibung

Spezifikation

Hello,

The indicator is a simple indicator. This strategy is trend following based on two pinbars (a reference and entry). See order below:

Wait for first pinbar to form. This is the reference pinbar
After that, wait for the second pinbar to form. This is the entry pinbar.
Show buy signal on candle close.

There are no sell signals, indicator is for buys only.

I have attached a file with images for clarity and you can zoom in to see better.

Conditions:

NO BODY GAPS BETWEEN THE CANDLE BEFORE ENTRY PINBAR AND THE ENTRY PINBAR ITSELF

DIFFERENCE BETWEEN REFERENCE AND ENTRY PINBARS SHOULD BE BETWEEN 6 MINIMUM AND 25 MAXIMUM CANDLES

ENTRY PINBAR CLOSE MUST BE HIGHER THAN REFERENCE PINBAR CLOSE

REFERENCE PINBAR WICK MUST BE AT LEAST LENGTH OF CANDLE BODY

ENTRY PINBAR WICK MUST BE AT LEAST 1.5 TIMES THE LENGTH OF CANDLE BODY

THERE MUST BE NO LOWER LOWS THAN REFERENCE PINBAR

NO DOJIS IN SUBJECT CANDLES

NO REPAINTING ON SIGNAL

FAST EXECUTION OF SIGNAL ON CANDLE CLOSE

ONLY BUY SIGNALS, NO SELLS

Parameters:

Reference pinbar type = (BUY/SELL)

Entry pinbar type = (BUY/SELL)

Length of pinbars = (pips)

Dateien:

PNG

Double_Pin_Trader.png

168.1 Kb

PNG

part_B.png

74.9 Kb

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