Expert Advisor Pin Bar Expert MT5 - Forex Trading Software

Expert Advisor Pin Bar Expert MT5

Buy Pin Bar Expert MT5 Expert Advisor in the store selling algo trading systems

The Expert Advi­sor trades accord­ing to Pin Bar pat­tern 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, AUDUSD. VPS serv­er is required.

The EA mon­i­tor­ing: https://www.mql5.com/en/signals/author/moneystrategy

General Settings

  • Com “ a com­ment to trades;
  • Bal­anceRisk “ cal­cu­la­tion of trad­ing lot from 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 attempts in sec­onds;
  • 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 the first time;
  • Step­Breakeven “ dis­tance in points to place the breakeven lev­el the first time.

Trailing Stop Settings by Points

  • Trail­ing “ enable/disable trail­ing stop 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 “ enable/disable 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 “ enable/disable 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 MT5

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