A Powerful Pinbar Reversal Expert Advisor!

[Denyg]

Hey traders,

I’m excited to share PinbarMaster, an MT4 Expert Advisor designed to capitalize on the power of Pinbar reversal patterns. After thorough backtesting on pairs like GBPJPY and USDJPY, it’s proven to be a consistent performer in both trending and ranging markets.

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Strategy Overview:

PinbarMaster focuses on identifying and trading Pinbar patterns, a powerful candlestick formation that signals potential market reversals. Here’s how it works:

1. Pinbar Detection: The EA scans for pinbar formations where the candle’s body is in the top or bottom third of its range, signaling a possible reversal.
2. Volume & Price Confirmation: It filters trades by checking market volume and historical price levels for stronger confirmation.
3. Risk Management:
   • Stop Loss (SL): 50 pips
   • Take Profit (TP): 100 pips
   • Trailing Stop: Locks in profits with a dynamic trailing stop system.
4. Trade Filtering:
   • Avoids high-spread conditions (only trades under 20 spread).
   • Limits total active trades to ensure account safety.

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Backtest Results:

1. GBPJPY (1 Minute Timeframe)

• Period: Feb 2024 – Feb 2025
• Initial Deposit: $1000
• Total Net Profit: $15,201.34
• Profit Factor: 1.32
• Win Rate: 57.82%
• Max Drawdown: 15.56%

2. USDJPY (1 Minute Timeframe)

• Period: Jan 2024 – Dec 2024
• Initial Deposit: $1000
• Total Net Profit: $9,097.59
• Profit Factor: 1.42
• Win Rate: 54.96%
• Max Drawdown: 10.67%

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Key Features:

• Works best on JPY pairs but adaptable to other markets.
• Designed for low-risk, steady growth with strict risk controls.
• Fully automated, plug-and-play setup for MT4.

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Screenshots of Backtest Reports: