Expert Advisor Pin Bar Expert MT5 - Forex Trading Software
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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.


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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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