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Pinbar trader EA - Trading pinbars off weekly S&R levels

  • #41
  • Edited 2:24pm Jan 28, 2018 10:18am | Edited 2:24pm
Quoting pamc
{quote} Hi Ebeckers. Here is a very good PinBar strategy PDF by Justin Bennett which i use more or less alone. If you can go through it, I am sure you will be able to make your EA alot more accurate, safer and profitable with lower cost losers. https://dailypriceaction.com/pin-bar...e893067a1a7480
Thx , but I'm already a lifetime member of DPA for some time there ;-)
  • #42
  • Edited 11:12am Jan 28, 2018 10:47am | Edited 11:12am

=== Pinbar Trader EA v 1.20 available ===


See the 1st post for a new version of the EA

Whats new:
- 50% retracement entries

The EA can now open trades on 50% retracements of the pinbar.
When enabled this will give you a much better risk/reward ratio since the stoploss needed is much smaller.
But there's also a downside. Not every pinbar will give you a 50% retracement, so you might miss some trades. Can't win them all ;-)

You can enable this feature on by setting Use50PercentRetracementEntry to true or false
When enabled a new column will be shown called 50%rt as shown in this screenshot..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-01-28 at 17.46.15.png Size: 40 KB
Attached File(s)
File Type: zip pinbar trader ea v1.20.zip   243 KB | 1,990 downloads
  • #43
  • Edited 12:14pm Jan 28, 2018 11:56am | Edited 12:14pm
Quoting ebeckers
=== Pinbar Trader EA v 1.20 available === See the 1st post for a new version of the EA Whats new: - 50% retracement entries The EA can now open trades on 50% retracements of the pinbar. When enabled this will give you a much better risk/reward ratio since the stoploss needed is much smaller. But there's also a downside. Not every pinbar will give you a 50% retracement, so you might miss some trades. Can't win them all ;-) You can enable this feature on by setting Use50PercentRetracementEntry to true or false When enabled a new column will be shown...
Excellent,
Even better if both the Stop order and the limit order can be activated at once on the close of the signal bar.

The stop order would be first priority if one needs to close a trade or cut half of it, while the 50% entry could run as long as the pair is trending in that direction as a free trade at breakeven or above the nose of the signal bar.
R:R "Percentage Focus"
  • #44
  • Jan 28, 2018 12:14pm Jan 28, 2018 12:14pm
Quoting ebeckers
=== Pinbar Trader EA v 1.20 available === See the 1st post for a new version of the EA Whats new: - 50% retracement entries The EA can now open trades on 50% retracements of the pinbar. When enabled this will give you a much better risk/reward ratio since the stoploss needed is much smaller. But there's also a downside. Not every pinbar will give you a 50% retracement, so you might miss some trades. Can't win them all ;-) You can enable this feature on by setting Use50PercentRetracementEntry to true or false When enabled a new column will be shown...
Great!

Q. If using R:R do we keep the 'stoplossatzigzag' arrow to true? Despite not having zigzag arrow installed?
  • #45
  • Jan 28, 2018 12:18pm Jan 28, 2018 12:18pm
Quoting johnsmith2nd
{quote} Great! Q. If using R:R do we keep the 'stoplossatzigzag' arrow to true? Despite not having zigzag arrow installed?
stoplossatzigzag is not used in this EA. I'll remove the setting in the next version
  • #46
  • Edited 3:18pm Jan 28, 2018 12:48pm | Edited 3:18pm
Yes those are good courses and reads...No wonder your info is effortlessly high probability information. Use your cutting edge.
R:R "Percentage Focus"
  • #47
  • Jan 28, 2018 1:37pm Jan 28, 2018 1:37pm
Thanks Ebeckers!

Ready to follow your fantasy!

Paolo
  • #48
  • Jan 28, 2018 2:01pm Jan 28, 2018 2:01pm
ebeckers

This is a very nice work you got going here I really like it. I Had a question, would it be very hard for you to add a few more reversal candles to your system?
  • #49
  • Jan 28, 2018 2:16pm Jan 28, 2018 2:16pm
Quoting pamc
{quote} Hi Ebeckers. Here is a very good PinBar strategy PDF by Justin Bennett which i use more or less alone. If you can go through it, I am sure you will be able to make your EA alot more accurate, safer and profitable with lower cost losers. https://dailypriceaction.com/pin-bar...e893067a1a7480
All newbies, please note the rules, I suggest that you read them:

https://www.forexfactory.com/userguide.php

VIII. No commercial agendas

Members may not use Forex Factory to promote a product or service, either their own or someone else's. This includes products or services that are planned for the future. If a member's posts can link them to a forex-related company, they're in violation of this code.

Members who are focused on a product or service, or new members who mention a little-know website, are generally suspected to be company shills. Action may be taken against suspected shills without conclusive evidence, as they compromise the integrity of discussions and can be difficult to prove conclusively.

Members who wish to promote a commercial product or service must be designated a 'Commercial Member' and are expected to abide by the Commercial Code of Conduct.
It takes a lot for me to IGNORE you, but you can try.
  • #50
  • Jan 28, 2018 2:18pm Jan 28, 2018 2:18pm
Quoting ebeckers
{quote} Thx , but I'm already a lifetime member of DPA for some time there ;-) In fact.. i'm a lifetime member on all of the following websites. I can recommend all of them if you want to learn more about price action trading - http://theforexguy.com - http://2ndskiesforex.com - http://dailypriceaction.com - http://www.learntotradethemarket.com
Is ForexFactory now allowing link to 3rd party commercial websites?

Really, if so, I'm totally confused on the policy enforced previously

It takes a lot for me to IGNORE you, but you can try.
  • #51
  • Jan 28, 2018 2:26pm Jan 28, 2018 2:26pm
Quoting Erebus
{quote} Is ForexFactory now allowing link to 3rd party commercial websites? Really, if so, I'm totally confused on the policy enforced previously
It was not my intention to promote any product or service. I just mentioned the courses i'm a member of
Anyway.. i removed the links to those course from the post now
Sadly they can still be found since you quoted me :-)
  • #52
  • Jan 28, 2018 2:36pm Jan 28, 2018 2:36pm
Quoting 9jatrader
{quote} NZDUSD Pin Bar formed right at the top of bulls. It may not work because the trend is too strong. Just my take. It works best when market ranges or after consolidation
Unless you've picked a change in the trend.
  • #53
  • Jan 28, 2018 4:32pm Jan 28, 2018 4:32pm
hey man...thx for the ea great job so far,am trying to run it in my rdp vps for 24hours and i tried many brokers but it doesn't seem to open trades am sure i applied the right setting...ea works fine in my computer but on my rdp server doesn't seems to work ? any advise would be much appreciated
  • #54
  • Jan 28, 2018 7:24pm Jan 28, 2018 7:24pm
can the EA use on any time frame?
  • #55
  • Edited 8:12pm Jan 28, 2018 8:00pm | Edited 8:12pm
Quoting hzs10
can the EA use on any time frame?

  1. put the EA on any chart on the Daily (D1) timeframe !

It's on the first post under "installation", all I did was copy and paste exact same notation.

R:R "Percentage Focus"
  • #56
  • Jan 28, 2018 10:55pm Jan 28, 2018 10:55pm
Quoting Shnopse
hey man...thx for the ea great job so far,am trying to run it in my rdp vps for 24hours and i tried many brokers but it doesn't seem to open trades am sure i applied the right setting...ea works fine in my computer but on my rdp server doesn't seems to work ? any advise would be much appreciated
Pls look in the experts log for any errors
Perhaps you didn't enable auto trading in MT4 or you didn't enable DLL imports ?
  • #57
  • Jan 28, 2018 11:37pm Jan 28, 2018 11:37pm
Dear EBECKERS,

Any best setup ? I tried so many times,.. not so good result,...

Hope you can guide us with the best setting ,..

Thanks,

Paolo
  • #58
  • Jan 29, 2018 12:19am Jan 29, 2018 12:19am
Quoting budidharma19
Dear EBECKERS, Any best setup ? I tried so many times,.. not so good result,... Hope you can guide us with the best setting ,.. Thanks, Paolo
I am assuming you trying to forward test this? If so, you are a bit early!
There's plenty of good results on backtest.
  • #59
  • Jan 29, 2018 12:21am Jan 29, 2018 12:21am
Quoting johnsmith2nd
{quote} I am assuming you trying to forward test this? If so, you are a bit early! There's plenty of good results on backtest.
I'm still playing around finding the best settings my self by doing forward & backward tests on multiple currencies
When i have more results i'll post them here. For now i suggest to use this EA as an aid for manual trading or use it on a demo for automated trading
  • #60
  • Jan 29, 2018 12:24am Jan 29, 2018 12:24am
gchf may be skyrocketting this week . im in
CHECK MY TE !
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