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- Published:
- 2015.12.11 11:40
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A simple indicator, which informs the trader about the appearance of "Bullish Engulfing" or "Bearish Engulfing" candlestick patterns on all timeframes.
The program generates an alert with the message.
The indicator is written as simple as possible and will be helpful for novice programmers.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14336

Opens orders using the martingale and a virtual trailing stop.

The script analyzes the market based on two criteria: the moving averages and the support and resistance levels.

The Expert Advisor reverses the orders after closing.

This Expert Advisor uses three indicators: MA(150), RSI(3) with the levels of 80 and 20, Stochastic(6, 3, 3) with the levels of 70 and 30. The direction of opening deals is based on MA. Entry by RSI and Stochastic. Exit by Stochastic.