Everyone who trades in forex and not only markets knows what a pin bar is, because this is one of the most profitable and accurate candlestick patterns, which is also easily determined, many traders make money trading with a pin bar, but today we will not talk about that, and we will talk about a fully automatic trading advisor Pin Bar EA that finds and determines the pin bar and then makes a deal on all the trading conons of this pattern.
Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication.Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/Fx_VIP
|Money management||At least 300 currency units for every pair|
|Recommended brokers||NPBFX, ALPARI, Amarkets|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
After doing a history test for some currency pairs, you can understand that the adviser does not show the best results with default settings, but nevertheless it does not drain the deposit when trading, it has not a large drawdown, and albeit not a big but still profit.
The adviser has a clear set of settings, which allows you to flexibly configure it for each currency pair, since each currency pair has its own characteristics in trading, it is recommended to make some settings, although for some pairs you can use the default settings, it also gives a good result
The adviser has many settings and all specific and nothing superfluous, it has automatic transfer of transactions to breakeven, trailing stop, you can set a fixed SL and TP, you can also set the conditions under which a transaction will be opened, that is, the size of the body of the candle, the size of the shadow of the signal bar and much more . In general, quite a powerful adviser and with proper optimization, you can achieve unbelievable results. The EA detects pin bars on any time frames, but I still do not recommend dropping below H4, after all, the EA works on pure price action, and therefore, in order not to take into account market noise, it is better to put it on D1 and be sure to test it before installing it on a real account.
Trading advisors are good, but do not forget about manual trading, the robot has no emotions and this is more of a plus, but manual trading is much more profitable and safer, unless of course you develop and learn how to trade correctly. I say this to the fact that no matter how this adviser is configured, but it does not have a number of human factors and it cannot determine, for example, the direction of the trend and important levels and filter this signal how can a person do it, for example, looking at how the adviser trades in the tester, I would not open some transactions and did not receive would be a loss although the pin bars were beautiful but obviously were at important price levels.
Develop, do not look for easy ways, do not give up, go to the goal, treat trading as a job and not as a game, you know, at the beginning of my journey, I sat all day in front of the monitor, watching the charts, passion was burning in my eyes, like when playing in a casino, I think everyone has experienced this. But this is not correct, I was lucky and I could trade for a week in profits and then go into a long sad drawdown or even blow up the deposit.
In fact, trading is a very boring job and when you understand that money is just a reward for correct trading and your superiority, money a secondary object like an athlete’s cup for winning a competition, you will make a profit constantly in the long run.
The first and main goal in trading is not money, because of which everyone initially comes to this business, but to learn how to trade correctly !!!
IT IS IMPORTANT!!! THIS ADVISOR WORKS AND HAS BEEN TESTED WITH BUILDING 1340 AND LIBRARY VERSION FILE msimg32 v188.8.131.52
For the advisor to work, you need to install the library DLL in the root folder of the terminal, please read the instructions, the installation of this advisor may differ from the standard installation – https://fx-vip.pro/libraries-mt4/
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!