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Shmendridge PAM Trend4

About the PAM (Price Action Master) EA Series

  • These multi-symbol multi-time-frame bots enter on high probability engulfing bar and shooting star/hammer/pin bar patterns with a stop order. (Delays won't matter, slippage and spread not a big deal on larger time-frames.)
  • They may consider up to 4 secondary time-frames in their analyses and score of space, trend, quality of bar, quality of important locations, big round numbers and quality of pullbacks
  • These bots can print a special csv log file for statistic analyses of each observed criteria. 
  • The bots are based on many of the trading principals of the James16 chart thread. *Neither I, nor my EA are affiliated in any way to the Jame16 group.
  • Non scalper. Uses only completed bars in its calculations.

About the PAM Trend4

  • This PAM bot has been trained to focus on entries on the 4H time frame chart likely to give a bigger move.  D1 and W1 are also examined and included in the considerations with a lot of weight on trend.
  • This EA uses an advanced trailing stop which includes big round numbers and recent bar lows in it's calculations. 
  • Pre-optimized for wide range of markets. Ready to go.


  • StartDate - Date to begin trading. Will only pre-load bars in fast mode up till this point. This is required in tester mode as we need 350 to 500 weekly bars to run properly and MT5 will not load that many on start. You should set your "custom period" to be at least 350 weeks before the actual StartDate.
  • Lots - Percent of equity to risk on each trade.
  • MAGIC_NUMBER - Unique ID.
  • Slippage - Maximum slippage.
  • EXPOSURECHECK - If true will not open correlated trades.
  • CheckMargin - If false it will bypass the free margin check. Turn it off to save CPU during tests.
  • StopRatio - Ratio of take-profit to stop-loss. Will adjust tp.
  • Thresh - How high the potential trade must score to trigger an entry.
  • SYMBOLS - The total number of different symbols to be included in the strategy.
  • SYMBOL1...SYMBOL30 - Enter each symbol to be included in the strategy.
  • riskadj1...riskadj30 - Enter each risk multiplier for each symbol in case you want to risk more or less than the specified Lots for some symbols. This is a multiplier so 1 is normal risk. 0.5 is half risk. 2 is 2x risk.
  • Logs - Turns the csv logs on or off. They will be created here: "...\Users\...\AppData\Roaming\MetaQuotes\Terminal\Common\Files"
  • ALERTS - If true pops an alert on each new order placed.
2016.05.12 03:05 

@Akash - non sense! Ben is responding to all my emails to this day. No problems with crashing either.

I have been studying the J16 thread for 3 months but why would I bother to do it manually when the PAM bot does it better and more disciplined than I ever could? The support from Ben has been excellent also. Thanks, keep up the good work! Can't wait for the rest of the PAM series.

Akash Gajadien
2015.09.14 13:09 

Seller is not giving support in private no reply messages no life at all and the exper advisor is crashing sometimes seller is not answering.

Version 2.3 - 2015.07.30
Added consideration to the "extremeness" of the pullback.
fixed SL modification with no changes error.
Version 2.2 - 2015.03.27
-FREQUENCY- seconds in between timer calls. (larger value uses less cpu when running live.)
-UseMaxSpreadFilter- if average spread of symbol is larger than MaxAvgSpread in ATR then it will not trade that symbol until the spread gets smaller.
-UseHiLow- ability to place stop at high or low of the price action bar.
-Stop- stoploss expressed in ATR. Not used if UseHiLow=true.
-TakeProfit- tp expressed in ATR.
-LogOrders- will log a csv file with all the criteria and scores and P/L of each order.
-[removed Logs]
-PrintScores- will print the scoring breakdown of each price action bar and it criteria in the journal
-Verbal- prints many various details in the journal.

-ability to detect first trouble area and then move stop at this point.
-added MACD divregence to the price action criteria.
-added Moving average as support and resistance to the price action criteria.
-Attempts to retry if placing an order errors out
Version 1.41 - 2015.02.04
-Bug in recovery of pending orders fixed.
-Re-optimized: bigger emphasis on trend.
-Maximum bar size criteria added to internal computations.
-Errors out during initialization when there is not enough data for one of the symbols
Version 1.3 - 2014.09.30
Fixed trailing stop recovery bug.
Version 1.2 - 2014.09.17
- More verbose recovery function to recover from a crash plus fixed a minor bug.
- Added SendtoMT4. If true, enables the function (in the near future) to send orders via csv file to a MetaTrader 4 terminal running the free MT4 PAMcopier EA (Not yet released).