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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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Présentation       Quantum Gold Emperor EA   , le conseiller expert révolutionnaire MQL5 qui transforme la façon dont vous négociez la prestigieuse paire XAUUSD (GOLD) ! Développé par une équipe de traders expérimentés avec une expérience commerciale de plus de 13 ans. IMPORTANT! Après l'achat veuillez m'envoyer un message privé pour recevoir le manuel d'installation et les instructions de configuration. ***Achetez Quantum Gold Emperor EA et vous pourriez obtenir Quantum Trade EA gratuitement
AI Nodiurnal EA
Ugochukwu Mobi
AI Nodiurnal EA est un robot Forex avancé qui exploite la technologie de pointe du machine learning pour optimiser les stratégies de trading et améliorer les performances sur le dynamique marché des changes. Le terme "Nodiurnal" reflète sa capacité à s'adapter et à fonctionner non seulement pendant les heures de trading diurnes habituelles, mais aussi pendant des périodes non standards, offrant ainsi une approche continue et adaptative du trading sur le forex. Paramètres : Paramètres par défaut
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Marzena Maria Szmit
5 (8)
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
HFT Prop EA
Manpreet Singh
4.95 (250)
HFT PROP EA is the High Frequency Trading Expert Advisor (EA/bot) designed to pass proprietary trading firms (prop firms) challenges which use stop orders to enter the trades when market is trending, It is basically designed for US30 just at opening of US30 in New York Session till it remain in its trending nature for 15-30 minutes, and using HFT PROP EA you can pass the challenge within few minutes for prop firms who doesn't have any lot size cap. Special benefit for buyers who share their re
TopBottomEA
lizhi fu
4.8 (54)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
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Profalgo Limited
5 (6)
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ NOUVEAU : obtenez 1 EA gratuitement !   (pour 2 comptes commerciaux) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bienvenue sur DayTrade Pro Algo !   Après des années d'étude des marchés et de programmation de différentes stratégies, j'ai trouvé un algorithme qui a tout ce dont un bon système de trading
XG Gold Robot MT4
Marzena Maria Szmit
4.39 (23)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Forex GOLD Investor
Lachezar Krastev
4.48 (29)
SUPER SALE! --> -$200 OFF + BONUS EA: NEWS Scope EA PRO with AMAZING results! NOTE: Regular Price: $487 - The offer ends soon!  Click here to check News Scope EA PRO results and learn more about the promotion! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades
Position Trader EA
LEE SAMSON
4.71 (7)
Transformez n'importe quelle stratégie de trading en une stratégie de trading de positions ou négociez les stratégies de trading de positions éprouvées basées sur le RSI et l'ADR, y compris un système de contrôle automatisé des retraits pour les positions qui évoluent contre vous. Cet EA est une évolution et une simplification de l'EA MRA qui est utilisé depuis de nombreuses années pour les stratégies de trading de positions enseignées sur le site Web Market Structure Trader. Consultez mon prof
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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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