My Pin Scouter Indior for use with Pin Trading

[doSttesnTks84]

Alex pinbars in the future may become targets for market manufacturer algorithms which can render them as most of traps to the retail broker. . only a heads up... great work here however

[esngunessraos]

The Final Variant of the EA sets stop losses in the High or Low of the Pin
(depends upon Commerce position). That is the reason why there is not any Stop reduction in settings.

The take profit is the Low or High of this Pin and also the Take Profit in inputs.

This version operates on 5 digit brokers as it is and it's been backtested with FXCM MT4 the FRWC developers edition, in 1 Hour TimeFrame for EURUSD.

I am still refining the code, the pin pattern recognition as well as also the trading algorithm. There are a few adjustments needed to improve the code.

Overall the Pin Trading notion is worthwhile the time needed to refine it since the results are very encouraging.

I will post any changes that I will make. There is a lot to be done prior submitting the EA.

L.A.gt;

[chiCbaudo]

I came up equally in losses and tried to backtest this on eurgbp.

I dont know how you guys are getting in profit.

[_harescua_]

Alexander,
You're very welcome. Fantastic luck in the FRWC !!

hi alousius.

Thank you for version 3... that's impressive back evaluation 2009. Fantastic luck in FRWC

I have some question:
- there isn't any SL, is that this final at signal? And about monitoring? Is it working after profit?
How come monitoring is much more larger than take profit in default option setting?

[Nesbuttkua7]

Well guys,

I must admit we have a lot to know about pins.

I studied them and then I understood a lot I didn't include in prior versions of the Pin Trader EA, such as the nose that the eyes etc..

Then I revised the pattern recognition system at the Pin EA.

The end result is spectacular!!! Pin Trader EA V3.0 is profitable in the long run!

Not only can it be profitable, but it conducive to the Forex World Cup Rules for submission to another championship!

Look the backtest for 2009:

http://www.forexrobotscoach-louizos.....0Test2009.htm

Therefore...

Alexander,
You are very welcome. Good fortune in the FRWC !!

[esngunessraos]

1 Attachment(s) Well guys,

I have to acknowledge that we have a lot to know about pins.

I studied them and then I understood that a lot that I did not include in previous versions of the Pin Trader EA, like the nose that the eyes etc..

Then I revised the pattern recognition system at the Pin EA.

The result is spectacular!!! Pin Trader EA V3.0 is profitable in the long term!

Not only is it profitable, but it compliant to the Forex World Cup Rules for submission to the next championship!

Appearance the backtest for 2009:

http://www.forexrobotscoach-louizos.....0Test2009.htm

Therefore I am going to submit it for evaluation into the FRWC!

All those who attempt to exchange with Pins, I think that it's a great trade system.

I must thank you for your support in this thread particularly Kostas!

I started this thread with a sharing mood.

I do not want to disappoint you now that I am submiting that the EA into FRWC, therefore for limited time I am uploading the ex4 file here for you to ch it.

In order to submit it into the FWRC I will need to remove it shortly so please ch it immediately! It works in 1 Hour Timeframe.

Again thank you for your advice and support!

L.A.gt;
https://www.forexforum.co.za/trading...o-journal.html

[Nesbuttkua7]

Hey guys,

I have finally found free time to complete the conservative variant of Pin Trader. (Pin Trader EA V2.0)

This versions sets pending orders at the nose of the pin when it detects it and closes pending orders when this price target isn't hit within specific period in seconds.

Here is actually the conservative trading with hooks.

It's preset for 5 min interval. If you want to change the timeframe you should go to code:

int CheckClosingSignal() {...

Alexander,
I could not do this to backtest properly. It picked 7 1-hr trades and once I visually checked the trades they did not correspond to pinbars.
Kostas,

[esngunessraos]

1 Attachment(s) Hey men,

I have found free time to finish the conservative variant of Pin Trader. (Pin Trader EA V2.0)

This variations sets pending orders at the nose of this trap when it finds it and shuts pending orders if this price target isn't hit within specific period.

This is actually the conservative trading with hooks.

It's preset for 5 minute interval. If you would like to modify the interval you need to go to code:

int CheckClosingSignal()

if(TimeCurrent()- OrderOpenTime() gt;=300) return (1);
if(TimeCurrent()- OrderOpenTime() gt;=299) return (-1);
return (0);


and modify the numbers 300 and 299 into the interval you would like to test.
The amounts are in seconds so for 1 Hour TimeFrame you ought to set to 3600 and 3599.

You need to set slightly different amounts to the code. Sorry for this. If you test it and it's promise for profit I shall find a way to hardcode an automation for it. Right now my time is limited.

Anyway, enjoy as always.

Didn't have time to backtest it.

I am awaiting your comments and backtests to maximize it more.

L.A.gt;
https://www.forexforum.co.za/trading...imeframes.html

[_harescua_]

1 Attachment(s)

Ok men thank you all.

I will make the conservative Pin Trader until Sunday.

Thank you Tul for your own indiors. They seem interesting. Fourrier transform in Forex Prices is somethink one ought to look into.

Till later,

L.A.gt;

hi alouisos.

I think both indior it will better to combine with the end point fast fourier transform pdf before... or that cycle indicaator
vvpt is quite fast fourier transform
https://www.forexforum.co.za/trading...pa-thread.html

[esngunessraos]

Okay guys thank you all.

I will make the conservative Pin Trader until Sunday.

Thank you Tul for your own indiors. They look interesting. Fourrier transform in Forex Prices is somethink one should look into.

Until afterwards,

L.A.gt;