My Pin Scouter Indior for use with Pin Trading - Page 3
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Thread: My Pin Scouter Indior for use with Pin Trading

  1. #21
    Quote Originally Posted by ;
    Guys I am backtesting it in EUR/USD.

    I cannot yet find any profitable installation. Certainly the EA requires refinement.

    Please let me know of your suggestions so we can improve it.

    L.A.gt;
    Alexander,
    Great work on the first version of the EA!
    Best results so far, on EU 1hr with default settings. I am optimizing EMAs SL for outcomes. Here are a few more comments:
    1. There ought to be a way to enter the trade only if the new bar moves in the ideal direction by a number of pips (e.g. at a brief if new bar moves lower by 5 pips in the base of the pinbar only then enter commerce). If the second bar never clears the pinbar then no trade (but if the 2nd pub following the pinbar clears then that's your entry). This is the pinbar entry that is conservative. I believe the aggresive entry which is enter the trade on the launching of the next candle is followed by that your EA. You may choose to consider the conservative entry as an option with a user defined amount of pips.
    2. You should make it possible for value and the ADX interval to be user defined.
    3. Can you comment on what CloseOnOpposite, UseCloseSignal, OrderTypeBuy1, OrderTypeSell1 do?

    Cheers and congratulations on the attempt.
    Kostas

  2. #22
    Hi kosta, alous,

    nicely, thank you for sharing this good idea... I will like this ea... trap pub absolutely function in stock...

    I will testing it....


    Would you think that it will work when open position and it shift direction just close it at break even and open other direction position? I will not place a Big SL because most of the time pin bar, it reveal there is new direction is going....

    When the one candle before pin is blue=market or visa versa and affirm it with both EMA or MA .

    Alous, is there any way there is alternative the user can select using MA or EMA....

    With EMA cross to MA instead EMA into EMA or MA To MA. . .and an alternative aplly to median price? Instead of closing?

    Thank you for sharing the ea and indior alous... it's awesome this candle stick opening...

  3. #23
    1 Attachment(s) Thanks Kostas.

    I've inserted the ADX Phase Input.

    Should you wish to modify the TimeFrame go to iADX in code and change PERIOD_M5 to whatever period you wish. E.g. PERIOD_M15, PERIOD_H4 etc (the letters should be capitalized).

    I will try now to allow it to enter a trade conservatively. It should open pending orders upon detection of this pin which should be erased if not hit withing the next candle (is this right?)

    By cleared the pin you mean the high for a long pin and the low for a brief pin?

    L.Agt;
    https://www.forexforum.co.za/trading...ar_serbia.html

  4. #24
    Quote Originally Posted by ;
    Thanks Kostas.

    I have added the ADX Phase Input.

    Should you wish to modify the TimeFrame visit iADX in code and then change PERIOD_M5 to whatever period you wish. E.g. PERIOD_M15, PERIOD_H4 etc (the letters should be capitalized).

    I shall try now to make it enter a trade conservatively. It should open pending orders upon detection of this pin which needs to be erased if not struck withing the next candle (is that right?)

    By cleared the pin you mean that the high for a very long pin and also the low for a brief pin?

    L.Agt;
    The pinbar is also called a pinocchio since its nose points to the wrong leadership (lying like pinocchio). Therefore there is a brief pinbar a pub with its nose pointing upward when the pinbar's base clears, along with the trade that is traditional is. If the pinbar accomplishes but no more after that, it is also valid. For a lengthy pinbar the nose points downward and the transaction has been entered when the following bar accomplishes its upper (or the pub following the next but no more).
    Hope this helps.

    Kostas

    P.S. 3. Can you comment on what CloseOnOpposite, UseCloseSignal, OrderTypeBuy1, OrderTypeSell1 do?

  5. #25
    Quote Originally Posted by ;
    P.S. 3. Would you comment on what CloseOnOpposite, UseCloseSignal, OrderTypeBuy1, OrderTypeSell1 do?
    Sorry, I haven't saw your question before.

    The CloseOnOpposite, UseCloseSignal are still an internal algorihtm to shut the opened trade after it is opened( if set to true). I utilized MA(21)=MA(50) as a closing signal but it is available to any additional suggestions.

    OrderTypeBuy1- Buy when a pinbar appears and Ma(21)gt;MA(50) ADX(14)gt;20

    and OrderTypeSell1- Sell when a pinbar appears and MA(21)lt;MA(50) ADX(14)gt;20

    There is a choice to start a second order with different SL and TP and these are OrderTypeBuySell2.

    L.A.gt;

  6. #26
    That can be with E/U, 1hr, EMA(22)EMA(46), SL 60, TP 100 to the last 6 weeks (using 1st version of EA). I believe when Alexander brings us the conservative choice it will improve in winning% (now at 58 percent).

  7. #27
    And this before with these differences: Using v1.1 of this EA (modified ADX into 1hr timeframe in the code), ADX interval 20, trade hours from 8:00-13:00 (I'm at GMT 2). Winning% is at 72%.
    Alexander, the trade hours represent the server hour, right?

  8. #28
    How long you been testing on mate...I have doubts how it can survive 2years backtest but expect it will

  9. #29
    Quote Originally Posted by ;
    And this before with the following differences: Utilizing v1.1 of the EA (altered ADX to 1hr timeframe in the code), ADX period 20, trade hours from 8:00-13:00 (I'm at GMT 2). Winning% is currently at 72%.
    Alexander, the transaction hours signify the server, correct?
    Yes that the transaction hours are the server hours.

    I'm working today on the conservative trading of Pins. It takes me some time because of schedule.

    Do you done any long term backtests in almost any other pair?

    L.A.gt;

  10. #30
    Quote Originally Posted by ;
    Sorry, I haven't watched your question before.

    The CloseOnOpposite, UseCloseSignal are still an internal algorihtm to shut the opened transaction after it's opened( if set to true). I utilized MA(21)=MA(50) as a final signal but it's available to some other hints.

    OrderTypeBuy1- Buy when a pinbar appears and Ma(21)gt;MA(50) ADX(14)gt;20

    and OrderTypeSell1- Economy when a pinbar appears and MA(21)lt;MA(50) ADX(14)gt;20

    There's a choice to open Another order with different SL and TP and these are OrderTypeBuySell2.

    L.A.gt;
    hi L.A

    thank's a lot, I know how it operate this ea now....
    You are EA is constantly promising.... And this one is going to be a good one also...

    do you think it will work with stochastic time period to give more probality to triumph? Stochastic is physicology indior for trader to see it's overbough or oversold to watch reversal...

    with more indior, it less opening but it is going to display opening with higher probability to win... I hope.

    It's similar to doji or pinbar is physycology candle also, when the one candle before that's red, it show pinbar/doji=buy visa versa.... No thing is short or long doji...

    you utilize idx time period already.... Adx is average accurate to measure middle long term than I trend or ninastep...

    this is a fantastic indior...
    https://www.forexforum.co.za/attachm...1227548824.mq4
    https://www.forexforum.co.za/general...-question.html

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