If you're looking to up your trading game, the Pinbar EA is a fantastic tool to consider. This Expert Advisor operates based on the PINBAR pattern and comes equipped with features like Trailing Stop Loss and Take Profit settings. It works seamlessly across all time frames and is compatible with major forex pairs as well as NASDAQ stocks.
Key Features of the Pinbar EA
- Try it on demo first: Always test out the EA in a demo account before diving in with real money.
- Price Action Focus: This EA trades solely based on the price of the opening candle, ensuring you're making decisions based on solid price movements.
- Lot Size Management: If you prefer not to increase your lot size after a losing trade, just set the IncreaseFactor=0.
Customizable Inputs
- Use_TP_In_Money: Enable Take Profit in monetary values (true/false).
- TP_In_Money: Set Take Profit in monetary amounts (values from 10 to 100).
- Use_TP_In_percent: Enable Take Profit in percentage (true/false).
- TP_In_Percent: Set Take Profit in percentages (values from 10 to 100).
- Enable Trailing: Activate Trailing Stops (true/false).
- Take Profit In Money: Set this in your current currency (values from 25 to 200).
- Stop Loss In Money: Set Stop Loss in your current currency (values from 1 to 20).
- Exit Strategy: Close trades if the trend goes against you to manage drawdown (true/false).
- Lots: Control lot size (values from 0.01 to 1).
- Stop_Loss: Set your Stop Loss value (values from 30 to 500; set 600 for multiple trades).
- TakeProfit: Define your Take Profit (values from 50 to 200; set 600 for multiple trades).
- FastMA: Set the Fast Moving Average (values from 1 to 20).
- SlowMA: Set the Slow Moving Average (values from 50 to 200).
- Momentum Triggers: Adjust buying and selling momentum triggers (values from 0.1 to 0.9).
- Max Trades: Limit your trades to a maximum of 12.
- Regularly optimize your EA settings to keep it performing at its best.
- You can use this EA for hedging, grid trading, or even as a single trade strategy.
- For backtesting guidance, check out this link: https://bit.ly/2CD7XWD
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