PinBar Trader

Pin-Bar Trader is a fully automatic Expert Advisor designed for trading Price Action candlestick patterns - Pin bars.


Key advantages of the EA

  • Simple and intuitive trading system. When you understand the way the EA works, you can easily monitor and customize it.
  • Trading on the higher timeframes: the Pin bar trading strategy is intended for the timeframes H1, H4 and Daily.
  • A strict use of Stop Loss orders to protect the capital from significant losses.
  • The Expert Advisor does not use martingale, grid or any other risky techniques.
  • Diversification of risks through the use of multiple currency pairs in trading simultaneously.


The Expert Advisor Operation Principle

When a Pin bar pattern is formed on the chart, the EA looks for a trade on the next candle.

When the price returns to the Pin bar range, a trade is opened by two orders.

Stop loss of both orders is placed beyond the extremums of the Pin bar.

The first order is closed by take profit at the border of the Pin bar.

The second order is closed by a larger take profit, for example, with a 3 to 1 or 3 to 2 ratio to stop loss.

It is possible to customize the EA according to your preferences and to optimize the parameters.


Description of Pin-Bar Trader input parameters

  • TimeFrame - timeframe to search for Pin bars.
  • Lots - trade volume.
  • IgnoreSellSignal - ignore sell signals (used for trading on bullish markets - stocks, stock indices, etc.)
  • IgnoreBuySignal - ignore buy signals (used in downtrends).
  • BullBearTrade - consider the color of the Pin bar.
  • MoveStopLossToNoLoss - transfer stop loss to breakeven.
  • ProfitToStopLossRatioForStopLossMoving - ratio of profit to stop loss for transferring the open order to breakeven.
  • CandleBodyNoMoreThanPercent - candle body must not be greater than the specified percentage of the total candle size.
  • CandleBodyLaysInThePartPercent - the candle body lies in the top or bottom part of the candle.
  • CurrentDayReturnPercent - percentage of the Pin bar range the price must roll back to open a trade (for example, 50% or 38.2%)
  • StopLossMarginFromPinBarShadowInPips - offset from the candle wick to set Stop Loss.
  • FirstTakeProfitMarginFromPinBarShadowInPips - offset from the candle wick to set the first TakeProfit.
  • SecondTakeProfitSize_InStopLosses - value of the first TakeProfit relative to Stop Loss.
  • MinimumPinBarSize - the minimum size of a Pin bar.
  • MaximumPinBarSize - the maximum size of a Pin bar.
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Quantum Nexus MT4
Farell Edson Mazarin
Quantum Nexus is an innovative Expert Advisor that combines quantitative analysis, multi-level validation, trend-following algorithms, position-tracking mechanisms, and statistical monitoring within a unified automated trading system. Bringing this product to life required decades of development experience and one year of preparation to create Quant v5 - a hedge-fund-level quantitative analysis tool with continuous rolling OOS tests used to mathematically prove the statistical edge of strategies
Smart Funded Hft
Barbaros Bulent Kortarla
4.69 (67)
Smart Funded EA is an expert advisor designed to pass the HFT challenges of prop firms that allow its use. If you are interested to use an EA for live accounts or classic porp firms please check Smart Gold Hunter . You can also check Smart Gold Hunter live signal here You can check my blog post about HFT Prop firms before buying a challenge. Do I need to back-test? You do not need to backtest, and demo servers that you backtest will not give the real results since HFT prop firms servers and
NEURALIS CORTOID GOLD   The Adaptive Intelligence Built Exclusively for XAUUSD     For NDX       https://www.mql5.com/en/market/product/187869   https://www.mql5.com/en/signals/2385985  ; Early days the brain started learning . You can set the EA one timeframe, one trade  . I use a few timeframes and a basket , but this EA in no way is a grid or martigale ; you set the lots and no of trades. Back tests on neurals are very difficult especially in mt4 ; the mt5 version of this EA has excellent ba
GHS (Gann HiLo System ) is an expert advisor that trades the resumption of a trend after a pullback, using the Gann HiLo Activator as its directional reference. It does not chase price or try to anticipate reversals: it waits for the line to define a trend, waits for price to pull back against it, and enters only when the market clears the prior extreme of the move, confirming it wants to resume its direction. The Gann HiLo indicator is calculated inside the advisor itself, so no external indic
Limited-time 30-day promotion: Get Kenni Trades Gold Breakout for only $499.99 —regularly $799.99 —and receive Kenni Daily Scalp Breakout Gold FREE with your purchase. This exclusive offer is available for 30 days only. Kenni Trades Gold Breakout  now includes three selectable trading modes:   Kenni Gold Breakout ,   Kenni Daily Scalp Breakout Gold , and   Kenni Prop Firms . Kenni Trades Gold Breakout  is an automated trading system developed specifically for Gold on MetaTrader 4 hedging account
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9493257 2020.11.04 11:40 
 

Hello sir, I bought the pinbar trader EA but I have a problem, when I configure it not to make purchases, it still makes them, and when I configure it not to make sales, it still makes them. can you fix that situation?

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