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Pin bar Hunter

Ready-made trading system with a minimum of settings.

The EA should add to the M5 schedules the main currency pairs with low spreads (0.8-1.2):

EURUSD, EURJPY, USDJPY, GBPUSD, AUDUSD, NSDUSD, USDCHF, USDCAD.

In the process of work, the adviser monitors the appearance of a certain pin bar and then, under suitable conditions, also calculated by its algorithm, opens the corresponding order. The TP and SL levels are determined when the order is opened. Tracking the conditions for entry is carried out from 03:00 to 23:59 by the time of the terminal.

The testing of the EA on the currency pairs used was made in the period 01/01/2018 - 25/08/2018. Test mode - on each tick. Its results are presented on the attached screenshots.

Due to the large ratio of the deposit to the starting lot size, the stability of the system is achieved, and its profitability is ensured by the trade of the adviser simultaneously for all the above mentioned trading instruments, as the profit for each currency pair is separately summed as a result in total profit.

Monitoring of the Expert Advisor's online work: https://www.mql5.com/en/signals/528482

In the current version of the EA, the ability to set the time range allowed for opening orders has been added. Since the results of transactions opened after 5:00 pm (terminal time) were significantly affected by the change in the spread at the time of the next business day (00:00).

In the current version after 5:00 pm (terminal time) the new orders do not open.


Options:

  • lot Init - starting lot size;
  • Magic Number - the identifier of orders;
  • Lot Multiplier - multiplier lot;
  • Max DD,% - the maximum drawdown on the current trading instrument, if the value exceeds the value of the next order in the series does not open, but opens with the starting lot size and already when the new condition for the entry comes:
  • N ord - the maximum number of orders in the series for a particular currency pair.
  • AddPoints - additional points for which the SL of the next order is increased;
  • UseVirtualTPSL - use virtual TP & SL;
  • TimeStart - the beginning of the time period allowed for opening orders;
  • TimeStop - the end of the time period allowed for opening orders;
  • ShowTradeComment - display of the general information panel on the chart;
  • HeaderColor - header background color;
  • BGColor - the color of the main background.
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Versión 1.3 2019.01.11
Added the ability to install only virtual TP and SL.
Versión 1.2 2019.01.10
Added the ability to configure the range of time allowed for opening orders.
Versión 1.1 2018.10.02
Added general information panel to display on the chart.