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PriceActionAi Pinbar SPA

This EA is intended to assist with surveying and trading performance statistics with PinBar.

Caution: This EA should be used for testing, statistical and analytical purposes. It is not recommended to use it as a true trading robot, unless you have an effective plan with it.

  1. Conditions of entry

Only one order at a time can be opened, at the end of the order can the next order be opened

  • BUY order conditions

Meet the qualified Bullish Pinbar according to configuration parameters

In Reverse mode, the SELL command will be opened instead of the BUY command.

  • SELL order conditions:

Meet the qualified Bearish Pinbar according to configuration parameters

In Reverse mode the BUY command will be opened instead of the SELL command.

  1. Configuration parameters

2.1. Basic parameter group

A. System Settings

    • Day of week: Day of the week
    • Trading Hours: Hours of the day
    • Minute Min: From minutes
    • Minute Max: Up to the minute
    • Magic number: EA ID number   

B. Trading Settings

    • Balance stop percent (0 = No Stop): Trade stop level. Once the profit / loss is loaded at this%, the EA will stop running.
    • Reverse: Reverse
    • Spread Limit (in points): The maximum spread when checked for entry
    • Slippage Limit (in points): Maximum price slide when entering the order

C. Volume Settings

    • Money management (LOT or RISK): Capital management
    • In the case of choosing LOT: The value for money management: is quantity (eg: 0.01)
    • In the case of choosing RISK: The value for money management: is a percentage (Example: 1)

D. SLTP Settings

    • Stop Loss (in pips): Stop loss
    • Take Profit (in pips): Take Profit

E. Trailing Stop Settings

    • When the current bid / ask price is about 1 distance from the initial set SL point by Trailing Stop + Trailing Step, then drag SL 1 about Trailing Step, following the direction of trend development.
    • Trailing Stop (in pips, 0 = No Trailing): Stop loss
    • If Trailing Stop is 0, this function will not work
    • If Trailing Stop is different from 0, then Trailing Step must be entered
    • Trailing Step (in pips): The jump range of the SL

2.2. Parameter group characteristic

    Pinbar Trading Settings 
  Pinbar Mode: Bullish Pinbar or Bearish Pinbar or Both

HiLo Min Ranger (in pips): Minimum distance between high and low candles. (in pips) 

Tail Min Percents: percentage of the smallest tail compared to the candle (% unit) 

Nose Min Percents: the percentage of the smallest nose compared to the candle (% unit)

Body Min Percents: The smallest percentage of body compared to the candle (% unit)


    Good luck and Happy trading.




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    EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
    US30 Scalper EA MT5
    Lo Thi Mai Loan
    5 (12)
    Launch promo! Only 2  copies left at current price! Next price: 1533$ Final price: 1993$ Buy US30 Scalper and you could get Nasdaq Algo for free ! => Contact after purchase Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT4:  https://www.mql5.com/en/market/product/113580?source=Site+Market+Product+Page More analytics:  https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/s
    Daytrade Pro Algo MT5
    Profalgo Limited
    4 (9)
    Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent
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