Mad Pound Profits is a MetaTrader 4 expert advisor that automates trading based on structural breakouts and price action. The system utilizes time-specific analysis windows throughout the day to identify entry opportunities. It incorporates technical elements such as Fibonacci levels, momentum indicators, and mean reve
Trading robot ยท MT4
Pin Bar EA
This expert advisor for MetaTrader 4 automates a trading strategy based on the Pin Bar candlestick pattern.
GitHub stars1
Forks0
Last update9 years ago4 Dec 2016
LicenceNone stated
Overview
Pin Bar EA monitors the market for new bars and uses a custom detection function to identify Pin Bar formations. Once a signal is found, the robot enters trades with calculated stop loss and take profit levels, often targeting a specific risk-to-reward ratio. The EA incorporates Fractal indicators to manage trade exits and includes a break-even feature to protect capital. Risk is controlled through manual lot sizing and spread-adjusted price levels. The repository lacks documentation.
- Pin bar pattern identification
- Fractal based exit logic
- Automatic break even function
- Risk to reward ratio management
Details
Author
Maumasi on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
SMC / ICT / price action
Markets
Forex
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Source
Input parameters
Read from 000_EA_PIN_BAR.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Basic1 | string | ------------------------------ | :::::::::::::::: Money Management :: |
LOT_SIZE | double | 0.01 | |
AVG_SPREAD | double | 3 | |
BREAK_ABOVE_FOR_SL | double | 0.15 | |
BREAK_ABOVE_RATIO | int | 1 | |
spacer1 | string | |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Maumasi/EAs from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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