Pinbar Metatrader 4 Forex Robot

The Pinbar Metatrader 4 Forex Robot is an automated trading software that triggers buy/sell trading signals based on the popular Pinbar price pattern.

It is of noteworthy to state that the Pinbar forex robot is designed to work on all time frames and for any currency pair of your choice.

Test first on a demo account before putting it to work on a live trading account.

The “UseMoveToBreakEven” is a system function found on the Pinbar expert advisor which acts like a stop loss.

It’s somewhat used to lock in minimal profits and prevent loss when price does not go in your favor.

The Pinbar forex robot can be enhanced when the EA’s input values gets tinkered.

Free Download

Download the “PINBAR.mq4” MT4 robot

Strategy Tester Report

Find below the Pinbar Forex robot strategy tester report for the EUR/USD forex pair on the daily chart.

Overall Performance

The EA made a total profit of $2673.21 from a total of 202 trades. The largest winning trade generated $163.68 in profits, while the largest losing trade generated a loss of-$108.32.

Statistics:

Bars in test: 2047 ticks modelled

Initial deposit: $10000.00

Total net profit: $2673.21

Total trades: 202

Largest profit trade: $163.68

Largest loss trade: -$108.32

Consecutive wins: 3

Consecutive losses: 2

Download

Download the “PINBAR.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA…

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Pinbar

Installation

Copy and paste the PINBAR.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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