FFx PinBar Setup Alerter can be found within the indicators section of the MQL5 website, it was uploaded by its creator Eri Venturi-Bloxs on the 27th of March 2014. It has not received any updates and so it still at its original version of version 1.0.
FFx PinBar Setup Alerter is an indicator that can be sued with the MetaTrader 4 trading platform. It was created to five your entry, profit targets, and stop-loss targets.
The indicator comes with a number of options:
-Entry suggestion – pips to be added over the break for the entry
-Minimum candle size – to avoid too small candles
-3 different options to calculate the SL – by pips, by ATR multiplier or at the pattern High/Low
-3 different options to calculate the 2 TPs – by pips, by ATR multiplier or at Risk/Reward
-Offset the dashboard – any place on the chart
-Remove the suggestion once the price reached the SL line
-Lines extension away from the current candle
-All colors changeable – Background, text, Buy/Sell, entry and TP/SL
-Alert when a setup is found – sound / popup / email / push notification
The indicator can be purchased with a one-time payment of $12, this allows you to activate the indicator up to 5 times and there are no other limitations. There is no option to rent it but a demo version that can be used with the strategy tester within MT4 is available to use for free.
The indicator has an overall rating of 4.5 out of 5 which was given to it by 8 user reviews.
“Awesome indicators….just needs to be able to show historical would be a great help.” – A 5-star review.
“Brilliant indicator! Early days, but it has a 80% hit rate when used in conjunction with Fibonacci ratios on H4 for forex and commodities.” – A 5-star review.
7 out of the 8 reviews are all very positive indicating that the indicator is doing what it is intended to do. There are a lot of comments that the developer has replied to in a very prompt manner, showing a good level of customer support. The most recent comment was from 2018 so it has been a while, due to this we would suggest sending any questions that you may have to the creator of the indicator, this way you can be sure that it will still be supported would you decide to purchase it.
This Forex Indicator is currently available for purchase in the MQL5 marketplace: https://www.mql5.com/en/market/product/3734