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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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Bienvenue à       GoldExcel EA   , day trader pour la paire de devises XAUUSD (Or). Développé par notre équipe, il peut être utilisé pour les comptes réguliers, les comptes d'accessoires sponsorisés et les concours d'accessoires. N'utilisez pas le trading à haute fréquence. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Le prix initial augmente toutes les quelques semaines. Live $1K account Aggressive :  https://www.mql5.com/en/signals/2133201 Live $5K Low Risk: 
Dragon Multi EA MT4
Mansour Babasafary
4.71 (17)
Experts
77% discount for the next 10 buyers (original price $3000): 4 person left Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. 3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can
Quantum HFT Prop Firm
Ho Tuan Thang
4.91 (149)
Experts
ONLY 3 COPIES OUT OF 10 LEFT AT $99! After that, the price will be raised to $199. HFT  Propfirm Challenge Performance Monitor(Starting from $200) Account Number:  66668979 Server: ICmarketsSC-Demo06 Password: quantumhft1 You will get BONUS  worth $399 after you pass the HFT Prop Firm challenge round Quantum HFT Prop Firm is the EA is designed to pass the competition of HFT Prop Firms.  Please be aware that this Expert Advisor (EA) should not be used with a real account. Its sole pur
TrendMaster FX MT4
Chen Jia Qi
5 (9)
Experts
Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
Diamond PRO
Fanur Galamov
5 (9)
Experts
Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
Smart Funded Hft
Barbaros Bulent Kortarla
5 (48)
Experts
Smart Funded EA est un conseiller expert conçu pour réussir les défis HFT des sociétés de prop trading qui autorisent son utilisation. Quelles sociétés de prop trading HFT puis-je utiliser ? Il a été testé sur presque tous les défis de sociétés de prop trading HFT avec un taux de succès de 100 %, tels que Kortana Fx, Nova Funding, Fast Forex Funds, Infinity Forex Funds, Quantec Trading Capital, Next Step Funded, Msolutionff, Genesis Forex Funds, The Talented Traders, Only Funds, Tradicave et
Ai Hybrid Robot MT4
Mansour Babasafary
Experts
71% discount for the next 5 buyers (original price $9000): 3 person left Get a 50% bonus by buying (or even renting) any of our products. After buying (or renting), send a message for more information. Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in t
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
Experts
Vous êtes-vous déjà demandé pourquoi la plupart des conseillers experts ne sont pas efficaces dans le trading en direct, malgré leurs performances parfaites en backtest ? La réponse la plus probable est le surajustement. De nombreux EAs sont créés pour "apprendre" et s'adapter parfaitement aux données historiques disponibles, mais ils échouent à prédire l'avenir en raison d'un manque de généralisabilité dans le modèle construit. Certains développeurs ne connaissent tout simplement pas l'existenc
Daytrade Pro Algo
Profalgo Limited
5 (6)
Experts
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ 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
Candle EA MT4
Mansour Babasafary
4.58 (38)
Experts
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
Powerful 1 min scalping system
Andrey Kozak
5 (1)
Experts
Price reduced for 7 days to $147 Then the price will be $230 PowerFul 1 Min Scalping System - Automatic Robot Scalper for Trade on the XAUUSD currency pair (the robot trades in other currency pairs, but gets the best results in gold). Recommended time periods M5 . The minimum initial balance is from $ 500. This robot automatically determines the points of price turning and sets several deferred orders in the likely future direction of the trend. If the price does not unfold in the right directi
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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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