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 · MT4
Pinbar EA
This MetaTrader 4 expert advisor implements a price action strategy focused on identifying pin bar formations.
GitHub stars1
Forks0
Last update1 year ago3 Jan 2025
LicenceMIT
Overview
Pinbar EA screens for candles where the tail is at least three times the length of the body and touches an 8-period simple moving average. The EA utilizes a trend filter by calculating the slope of the moving average over a specific candle count. Once a valid signal is detected, the robot executes trades with fixed lot sizing, a predefined stop loss, and a take profit level.
- Pin bar candlestick pattern detection
- Moving average interaction filter
- Configurable trend lookback period
- Fixed lot risk management
- Automated stop loss and take profit
Details
Author
idodidodi on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
SMC / ICT / price action, Mean reversion
Markets
Any symbol
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
Input parameters
Read from pinbar.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.01 | Lot size for orders |
StopLossPips | int | 20 | Stop loss in pips |
TakeProfitPips | int | 40 | Take profit in pips |
TrendCandleCount | int | 6 | Number of candles to determine the trend |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone idodidodi/pinbar 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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