Pin Bar Expert

The Expert Advisor trades according to Pin Bar pattern in Instant Execution mode (not for ECN) on H4-D1 charts. The EA has two different trailing stops – by points and extremums, as well as two stop loss types – fixed and dynamic. Dynamic stop loss is placed at the candle's High or Low depending on the pattern direction.

Trailing stop: first, trailing operates by points up to the TrailingStop distance specified in points. After passing the distance, trailing by previous Hi-Lows of bars is enabled. Trailing by the previous bars' Hi-Low searches for extreme values on a specified period and number of bars. Stop loss is placed on an extremum plus/minus n points (depending on the direction) set in the EA parameters.

Recommended currency pairs for the EA operation: EURUSD, USDJPY, GBPUSD, USDCHF, EURJPY, USDCAD and AUDUSD. VPS server is required.

The EA monitoring: https://www.mql5.com/en/signals/author/moneystrategy

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