• Most Forex traders lose all their money.
• Using the robot posted here in trading Forex does not guarantee success.
• Trading this robot could lead to serious financial loss.
• Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
• This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
• At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
• To trade this robot, you have to understand:
  • How to use EA's. Remember to set IsGlobalPrimeOrECNCriminal to 'true' if your crim insists on two-stage order sending.

• Shell user guide.pdf: This describes the usual inputs in my EA's. Consult it for details not listed below.
• Pin Bars - Introduction: a fabulous description of pin bars. Read this first. You will not understand what is going on here until you understand the concepts of a PB 'nose' and its 'eyes'.
• PinbarDetector.mq4 is the indi the EA uses to detect pin bars, so it goes in your indicators folder. Have it on your chart so you can see when Pinoccio detects one correctly - or incorrectly.
• PinBar Detector.pdf: describes the inputs sent to the indi.
• Pinoccio.mq4: goes in your Experts folder and is the auto-trader you drag onto your charts.

• Trade exit:
  • StopLossAddPips: if this is > 0. P uses the hilo of the pin candle to set a stop loss, adding this to the stop for a sell, and subtracting it from a buy. P keeps a note of how many pips are involved for use in the tp.
  • SlMultiplierForTp: if > 0, P multiplies the pips in the calculated stop loss by this figure, to increase the reward:risk ration
• Support and Resistance:
  • Pivots:
    • UsePivots: if enabled, P will only send a trade if the pin has pierced/touched the nearest W1 or D1 pivot, then bounced back. You will see that there are inputs that allow you to chose your own colour for the pivot lines. By default:
      • the nearest WP or WMP resistance is a dashed yellow line.
      • the nearest DP or DMP resistance is a dotted yellow line.
      • the nearest WP or WMP support is a dashed blue line.
      • the nearest WP or WMP isupport is a dotted blue line.
  • Andrew's s/r indi:
    • our thanks to slipshod for providing us with this fabulous indi and the library code used by this EA. To use it:
      • SS_SupportResistance_v04c.mq4 goes in your Empty4/Experts/Indicators folder.
      • LibSSSRv2.mqh goes in your Empty4/Experts/Include folder. Pinoccio will not work without it.
      • LibSSSRv2.mq4 goes in your Empty4/Experts/Indicators folder. Pinoccio will not work without it.
    • a Pinbar will only be considered tradable if its hi pierces then retreats from resistence (buy) or support (sell). The inputs:
      • UseSlipshod: turns the filter on or off.
      • UseResistanceZoneHigh: uses the high of the the next resistance zone as the line to reach.
      • UseResistanceZoneLow: uses the low of the the next resistance zone as the line to reach.
      • UseSupportZoneHigh: uses the high of the the next support zone as the line to reach.
      • UseSupportZoneLow: uses the low of the the next support zone as the line to reach.
• Custom indi inputs:
  • PinBarTF: this is the Pinbar Detector time frame and defaults to 'the current chart'. If you want to always trade, say, the M15 but wand to look at a different time frame without upsetting P, then enter 15 into this input. This is our trading time frame.
  • MinCandlesInSequence: taking a sell trade as an example:
    • a new candle opend.
    • P looks back two candles and discovers a pinbar high, signalling a possible sell trade.
    • P then looks back three candles ago and compares its high with that of the previous MinCandlesInSequence, and only takes the trade if it is the highest.
  • the remaining inputs are those used by the indi.
    • UseCustomSettings tells the indi whether to use the settings in the rest of these inputs, or whether to use its own internal defaults. Therefore, if you want to play with different settings in P and have these reflected by the indi on your chart:
      • UseCustomSettings = true in both P and the indi.
      • you must make the changes you require in both P and the indi. Good luck.
• Moving average:
  • this defaults to Bob's 240 H4 moving average that is becoming the Gold Standard for deciding the overall trading direction. Unless you are an idiot who has steadfastly refused to read his 10.4 thread despite the number of times I have recommended it, you will know how the filter works. Disable it by setting MaPeriod to zero.

• bearish pin bar:
  • left eye should be a rising candle.
  • pin should have a long upper wick and a body close to its low.
  • eyes and nose should be higher than those of preceeding candles, but the right eye must not be higher than the pin.
• bullish pin bar: reverse the above

• posts about backtests in Crapergy Tester. I do not care about such craptests and will delete posts about them; if in a bad mood, I will delete the poster.
• posts that show the poster has not read this post. It has taken me a long time to prepare.

• MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
• Multi purpose trade manager: http://www.stevehopwoodforex.com/phpBB3 ... ?f=21&t=64
• Account equity analyser: http://www.forexfactory.com/showthread. ... ost4709098, which includes a template for both USD and the Euro.
• Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthread. ... ost3830610
• My shell EA – the code I use to produce EA's so quickly. http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79

tex wrote:Steve,

can u make Pinoccio to take more than one trade in a sequence ?

There are often times where there are more than one valid entry pinbars after another and taking all of them

should be a benefit for the EA.

See Screenshot.

Thanks
tex