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Pinbar Detector EA for MetaTrader 5 watches many symbols on M15, M30, H1 and H4 and alerts you when a candle meets strict pinbar rules. It marks signals with arrows and alerts; it does not open trades.
Get one message the moment it launches, with its price.
Pinbar Detector EA is a MetaTrader 5 tool that watches your chosen symbols for pinbar candles and tells you when one forms. It is a signal and alert utility rather than an automated trader, so it saves you from flicking through charts while you keep control of every decision.
A pinbar is a candle with a long wick and a small body. A long lower wick suggests buyers pushed price back up from a low (a hammer shape). A long upper wick suggests sellers pushed price back down from a high (a shooting star shape). The EA checks each monitored symbol and timeframe when a candle closes and tests it against three rules:
Candles that pass are marked on the chart with an arrow, one colour for bullish and another for bearish. An alert is raised with the symbol, timeframe, direction and time, and the detection is written to the Experts journal so you can review it later. A small panel on the chart shows the monitored symbols, the active trackers, the number of pinbars found and the EA status.
The EA works with symbols in your Market Watch list, so it can cover forex pairs, gold (XAUUSD), indices and other instruments your broker offers. Four timeframes are supported: M15, M30, H1 and H4, and each can be enabled or disabled. Higher timeframes tend to give fewer, cleaner candles. M15 and M30 suit shorter-term scalping styles but generate more alerts and more false signals.
A pinbar on its own is only a candle shape. Many traders look for them near support and resistance levels, prior swing highs and lows, or at the end of a move. The EA does not draw levels for you, so you would mark them yourself and use the alerts as prompts to look closer.
The main inputs control how strict the detection is. Confirm the exact names and default values in the input window of your copy.
| Setting | Purpose |
|---|---|
| Minimum wick-to-body ratio | Higher values require a longer wick relative to the body |
| Maximum opposite wick | Lower values require a cleaner, one-sided candle |
| Minimum main wick percentage | Share of the candle range the main wick must occupy |
| Timeframe switches | Turn M15, M30, H1 and H4 on or off |
| Alert and colour options | Popup, sound and arrow colours |
Stricter filters give fewer alerts. Looser filters give more alerts and more weak setups. Test any changes on a demo account before relying on them.
Trading leveraged instruments carries risk, and a pinbar alert is not a prediction. Past results do not predict future ones. Use your own risk management, size positions carefully and test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor used as a pattern scanner and alert tool |
| Trade style | Signal alerts only; no automatic order placement |
| Markets | Any symbol in Market Watch, including XAUUSD, forex and indices |
| Timeframes | M15, M30, H1, H4 (each can be switched on or off) |
| Pattern | Bullish and bearish pinbar (hammer and shooting star shapes) |
| Alerts | Popup, sound, chart arrows, journal entries |
| Requirements | MT5 terminal with algorithmic trading allowed; any broker |
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No. It is designed to detect pinbar candles and alert you. You decide whether to act on a signal, and you place any orders yourself. Check the settings after installing to confirm it behaves this way on your terminal.
No. This product is built for MetaTrader 5 only. It will not load in an MT4 terminal.
Add the symbols you want to Market Watch in MT5, then attach the EA to a single chart. It reads the symbols from your Market Watch list. Check the input settings in case your copy offers a way to limit or select symbols.
Yes, XAUUSD can be monitored like any other symbol, and M15 and M30 can be enabled for shorter-term setups. Shorter timeframes usually produce more signals and more noise, so you may want to tighten the filters and test on a demo account first.
The tool reads candle data from your terminal, so it is not tied to a particular broker. Symbol names and available history differ between brokers, so confirm that your symbols appear in Market Watch and have enough chart history.
Open the EA inputs and adjust the wick-to-body ratio, the maximum opposite wick and the minimum main wick share. Higher strictness gives fewer alerts. Review the defaults in your copy and test any changes on a demo account.
Pinbar Detector EA
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