ENGULFING PATTER EA IS AN EXPERT ADVISOR THAT OPENS POSITION BASED ON THE " ENGULFING CANDLESTICK PATTERN "
FREE INDICATOR HERE ------>>>> https://www.mql5.com/en/market/product/62135?source=Site+Profile+Seller
PLEASE KINDLY NOTE THAT THIS EA IS NOT OPTIMIZED AND WITH STANDARD SET IS NOT PROFITABLE.SO PLEASE OPTIMIZE THIS ROBOT BEFORE GOING LIVE .
THE ROBOT OPENS POSITIONS IN CERTAIN CONDITIONS :
ADX_must_be_higher_then and ADX_must_be_lower_then are the customizable values of entry position.When an engulfing pattern is formed and this values are met,the robot opens the position.
THE ROBOT CLOSES POSITIONS IN CERTAIN CONDITIONS :
By Fixed TP or by opposite signal ( if the TP is high )
You can decide how much pips must be the engulfing bar in " Value_engulfing_bar ".More this value is high,less positions will be opened and viceversa.
You can also choose between fixed lot or martingale money management.
THERE ARE ALWAYS A STOP LOSS AND A TAKE PROFIT.AS SAID,TP IS FIXED OR GIVEN BY OPPOSITE SIGNAL.THE STOP LOSS IS THE HIGH OR LOW OF ENGULFING BAR.
FOR ANY QUESTION FEEL FREE TO CONTACT ME !
HAPPY TRADING :)
