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

  • #181
  • Feb 3, 2018 7:25pm Feb 3, 2018 7:25pm
Ok I see where some "pinbars" ended up working out to be hanging man = bullish pinbar end up as a bearish result while there was the opposite a grave stone doji/ inverted hammer =bearish pinbar but ended up as a bullish result. Do we ignore those?

I wonder if your update will have any of the following:
Cloud cover
Morning star - I prefer
Evening star- I prefer
Beovb
Buovb
Inside bar
Harami

Whatever you choose will be good since the pinbar is so good already.
R:R "Percentage Focus"
  • #182
  • Feb 4, 2018 12:57am Feb 4, 2018 12:57am
Quoting PrinceJ58
Ok I see where some "pinbars" ended up working out to be hanging man = bullish pinbar end up as a bearish result while there was the opposite a grave stone doji/ inverted hammer =bearish pinbar but ended up as a bullish result. Do we ignore those? I wonder if your update will have any of the following: Cloud cover Morning star - I prefer Evening star- I prefer Beovb Buovb Inside bar Harami Whatever you choose will be good since the pinbar is so good already.
yeah i know all these patterns and sometimes its hard to tell if a candle is a pinbar, a doji , a hanging man, shooting star or ...
But in my opinion its totally irrelevant if its a pinbar or for example a hanging man.
What is relevant is that the price action touched a major S&R level and shows a strong rejection on that level.
Like it says ok.. here's the line, we are NOT going to cross it.
That reaction may result in one of the various candle stick patterns.
My idea is that the ea recognises the fact that we have a strong rejection from the S&R level, not that it can perfectly quantify if its a pinbar or a hanging man ;-)
  • #183
  • Feb 4, 2018 4:28am Feb 4, 2018 4:28am
Quoting PrinceJ58
Ok I see where some "pinbars" ended up working out to be hanging man = bullish pinbar end up as a bearish result while there was the opposite a grave stone doji/ inverted hammer =bearish pinbar but ended up as a bullish result. Do we ignore those? I wonder if your update will have any of the following: Cloud cover Morning star - I prefer Evening star- I prefer Beovb Buovb Inside bar Harami Whatever you choose will be good since the pinbar is so good already.
By your analyses it means we did not wait to for TF candle to finally close before we took the position. We have to wait for candle to close before final analyses.In spite of the strong analyses we might take no setup is 100% safe. And so we keep our risk level low
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #184
  • Feb 4, 2018 4:33am Feb 4, 2018 4:33am
Quoting PrinceJ58
Ok I see where some "pinbars" ended up working out to be hanging man = bullish pinbar end up as a bearish result while there was the opposite a grave stone doji/ inverted hammer =bearish pinbar but ended up as a bullish result. Do we ignore those? I wonder if your update will have any of the following: Cloud cover Morning star - I prefer Evening star- I prefer Beovb Buovb Inside bar Harami Whatever you choose will be good since the pinbar is so good already.
Hi,

All of them may become a reverse point, pin bar is only one type.
Attached Image
No one wants to be defeated~
  • #185
  • Feb 4, 2018 4:39am Feb 4, 2018 4:39am
Quoting ebeckers
{quote} yeah i know all these patterns and sometimes its hard to tell if a candle is a pinbar, a doji , a hanging man, shooting star or ... But in my opinion its totally irrelevant if its a pinbar or for example a hanging man. What is relevant is that the price action touched a major S&R level and shows a strong rejection on that level. Like it says ok.. here's the line, we are NOT going to cross it. That reaction may result in one of the various candle stick patterns. My idea is that the ea recognises the fact that we have a strong rejection from...
You hit the point. When they form on S/R you enter with peace of mind. Sometimes they form their own S/R which becomes so important and reference point-S/R
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #186
  • Feb 4, 2018 1:20pm Feb 4, 2018 1:20pm
Quoting jonirrenicus
{quote} Hi, All of them may become a reverse point, pin bar is only one type. {image}

Written Chinese (Chinese: 中文; pinyin: zhōngwén) comprises Chinese characters (汉字/漢字; pinyin: Hànzì, literally "Han characters") used to represent the Chinese language. Chinese characters do not constitute an alphabet or a compact syllabary. Rather, the writing system is roughly logosyllabic; that is, a character generally represents one syllable of spoken Chinese and may be a word on its own or a part of a polysyllabic word. The characters themselves are often composed of parts that may represent physical objects, abstract notions,[1] or pronunciation.[2] Literacy requires the memorization of a great many characters: educated Chinese know about 4,000.[3][4] The large number of Chinese characters has in part led to the adoption of Western alphabets as an auxiliary means of representing Chinese.[5]


That's why i did not understand your post.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #187
  • Feb 5, 2018 6:21am Feb 5, 2018 6:21am
Anyone else had their dashboard disappear?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
  • #188
  • Feb 5, 2018 6:32am Feb 5, 2018 6:32am
Quoting johnsmith2nd
Anyone else had their dashboard disappear? {image}
If there's no valid confirmations on any pair then nothing will be displayed. As soon as one of the criteria becomes valid on a pair it will show on the panel.
Truth is like poetry. And most people f*cking hate poetry.
  • #189
  • Feb 5, 2018 6:51am Feb 5, 2018 6:51am
Quoting mrdfx
{quote} If there's no valid confirmations on any pair then nothing will be displayed. As soon as one of the criteria becomes valid on a pair it will show on the panel.

That's how trading should always be, if no setup no trade. Sometimes we sit there looking for a reason to get in and this is a good feature of the dashboard.
R:R "Percentage Focus"
  • #190
  • Feb 5, 2018 7:24am Feb 5, 2018 7:24am
Quoting mrdfx
{quote} If there's no valid confirmations on any pair then nothing will be displayed. As soon as one of the criteria becomes valid on a pair it will show on the panel.
Cheers for clarification, and agreed with J58! No signal, nothing to look at! Enjoy our day!
  • #191
  • Feb 5, 2018 7:27am Feb 5, 2018 7:27am
Thx for sharing. I will follow....
  • #192
  • Feb 5, 2018 7:41am Feb 5, 2018 7:41am
fwiw =

The significant announcements and the currencies affected include:

6th February

  1. 02:30, AUD, Trade Balance
  2. 05:30, AUD, RBA Cash Rate
  3. 15:30, CAD, Trade Balance
  4. 23:45, NZD, Unemployment Rate
  5. 23:45, NZD, Labour Cost Index


7th February

  1. 22:00, NZD, Cen Bank Interest Rate


8th February

  1. 14:00, GBP, BOE Bank Rate
  2. 21:00, MXN, Interest Rate


9th February

  1. 15:30, CAD, Employment Change
  2. 15:30, CAD, Unemployment Rate


*All times are Server Time (GMT+2).

da n0o0b + $hit_Disturber
  • #193
  • Feb 5, 2018 8:05am Feb 5, 2018 8:05am
Quoting 9jatrader
{quote} By your analyses it means we did not wait to for TF candle to finally close before we took the position. We have to wait for candle to close before final analyses.In spite of the strong analyses we might take no setup is 100% safe. And so we keep our risk level low
Actually it was a signal photo that I used and I waited until the signals played out for the most part before saying such a thing. For e.g, the alert came on Wednesday/thursday and I waited for friday to come close to an end for newyork session before making such analysis.

My only Aim is to first understand what the system is doing as there are many pinbars that paint across the market but this system does a process of elimination. I was just looking to see how it did that day. I did it for one day and ebeckers did it for the week as "whole" for both live and demo account also for automated and manual which I really appreciate but I had no images for the signals to do a personal analysis of each signal per day.
I love pinbars and I like his system concept so that was my reason for going into it a bit more. For me some traders look for one thing, this could be my one thing. So with his help and my interest trading this method my trading can also remain simply what this dashboard offers.

I also like the fact that it was highlighted that the rejection of the area is even more important than the bar itself. I was being very strict with the criteria looking for a specific bar if you understand. Cheers.
R:R "Percentage Focus"
  • #194
  • Feb 5, 2018 8:11am Feb 5, 2018 8:11am
It's strange EA works in my Mac not in PC.... anyone can help me with please.....
  • #195
  • Feb 5, 2018 9:21am Feb 5, 2018 9:21am
Quoting shasi12
It's strange EA works in my Mac not in PC.... anyone can help me with please.....
Post a screenshot of your mt4 with e.a. loaded open the terminal section and click on expert to see if there are any errors.

Right click chart and save picture choose workspace.
R:R "Percentage Focus"
  • #196
  • Feb 5, 2018 1:14pm Feb 5, 2018 1:14pm
Quoting shasi12
It's strange EA works in my Mac not in PC.... anyone can help me with please.....
Sashi, in the files from Ebeckers, when unzippig there are versions MACOS and PC. you must use the PC version for PC.
  • #197
  • Feb 5, 2018 11:19pm Feb 5, 2018 11:19pm
Thank you Prince & Pamc it works now
  • #198
  • Feb 6, 2018 8:23pm Feb 6, 2018 8:23pm
first trade on EA
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
No one wants to be defeated~
  • #199
  • Feb 6, 2018 9:37pm Feb 6, 2018 9:37pm
Quoting jonirrenicus
first trade on EA {image}
Thought this EA should placed at daily chart?
  • #200
  • Feb 6, 2018 9:42pm Feb 6, 2018 9:42pm
this is the recommendation for today (note i have included more pairs)
However, I found some pairs with pinbar is not shown in dashboard under pinbar column e.g. GJ.
Anyone can share if i miss out anything?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 16 KB
Attached Image
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