EXPERT ADVISOR DESCRIPTION
- Expert Advisor Engulfing in OBOS (Overbought Oversold) is an expert advisor consisting of a combined candle engulfing pattern and Stochastic Oscillator indicators. A Buy position occurs when engulfing are formed when the signal stochastic indicator is in the oversold area, A sell position occurs when engulfing are formed when the signal stochastic indicator is in the overbought area.
- You can combine engulfing that form in certain timeframes with a signal stochastic indicator in certain timeframes also
EA PARAMETERS DESCRIPTION
- MM_Mode : 1 = FixedLot, 2 = VolumeLot
- TargetProfit : Target profit in accumulation profit (pips)
- MaxTrades : Maximum number of transactions, All positions will be automatically closed when the maximum number of transactions is reached
- Execution : 1 = TP in pips,
2 = TP in percent, default is 3%,
3 = Closing by OBOS, Overbought Reached = closed buy position, Oversold Reacher = Closed sell position
4 = Closing by engulfing formed, bullish engulfing = closed sell, bearish engulfing = closed buy
5 = Combine execution 3 and 4
- D_Line : Signal stochastic oscillator period
