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Discussion in 'Forex Market MQL5' started by James Goldman, Sep 11, 2020.

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James Goldman
  1. James Goldman

    James Goldman Moderator
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    Jun 15, 2020
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    The Expert Advisor trades according to Pin Bar pattern in Instant Execution mode (not for ECN) on H4-D1 charts. The EA has two different trailing stops – by points and extremums, as well as two stop loss types – fixed and dynamic. Dynamic stop loss is placed at the candle's High or Low depending on the pattern direction.

    Trailing stop: first, trailing operates by points up to the TrailingStop distance specified in points. After passing the distance, trailing by previous Hi-Lows of bars is enabled. Trailing by the previous bars' Hi-Low searches for extreme values on a specified period and number of bars. Stop loss is placed on an extremum plus/minus n points (depending on the direction) set in the EA parameters.

    Recommended currency pairs for the EA operation: EURUSD, USDJPY, GBPUSD, USDCHF, EURJPY, USDCAD and AUDUSD. VPS server is required.

    The EA monitoring: You are not allowed to view links. Register or Login

    General Settings
    • Com – a comment to trades;
    • BalanceRisk – calculate trading lot using the balance/free margin;
    • Lots – fixed lot if BalanceRisk = 0;
    • TakeProfit – take profit level in points;
    • StopLoss – stop loss level in points if DynamicSLPinBar = false;
    • MaxOpenTrades – maximum number of open trades at a time;
    • SpreadControl – maximum spread;
    • Magic – magic number;
    • ShowInfo – show/hide info;
    • TextColor – displayed data color.
    AntiRequotes Function Settings
    • MaxAttempts – maximum number of attempts to open an order;
    • DelaySeconds – pause between the attempts to open an order;
    • Slippage – maximum price slippage.
    Breakeven Function Settings
    • Breakeven – enable/disable the function for moving trades to breakeven;
    • StartBreakeven – number of points profitably passed by the price to move positions to breakeven;
    • StepBreakeven – distance in points to place the breakeven level the first time.
    Trailing Stop Settings by Points
    • Trailing – toggle Trailing Stops function by points;
    • TrailingStart – minimum number of points passed from the order open price for the trailing;
    • TrailingStop – number of points to start trailing stop;
    • TrailingStep – trailing stop step.
    Trailing Stop Settings by Extremums
    Depending on the parameters, the EA searches for High/Low price for n bars to place a stop loss (trailing).

    • TrailingHiLow – toggle trailing stop function by extremums;
    • TimeFrame – period to search for high/low price;
    • BarCount – number of bars to search for extremums;
    • IndentHiLow – distance from High/Low price in points for placing a stop loss.
    Pin Bar Settings
    • DynamicSLPinBar – toggle dynamic stop loss;
    • IndentDynamicSL – distance from an extremum for the dynamic stop loss in points;
    • NoseMinSize – minimum nose size of the Pin Bar, in points;
    • BodyMinSize – minimum body size of the Pin Bar;
    • BodySizeRatio – maximum body/nose ratio of the Pin Bar;
    • ShadowSizeRatio – maximum shadow/nose ratio of the Pin Bar;
    • UPPinBar – bullish pattern color on the price chart;
    • DNPinBar – bearish pattern color on the price chart.

    pin-bar-expert-screen-6065.png pin-bar-expert-screen-3760.png pin-bar-expert-screen-2460.png pin-bar-expert-screen-8347.png pin-bar-expert-screen-2270.png


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