Experts: Bullish and Bearish Engulfing

Automated-Trading
162993
Automated-Trading  

Bullish and Bearish Engulfing:

The EA trades based on the "Bullish and Bearish Engulfing" pattern.

Bullish and Bearish Engulfing

Author: Vladimir Karputov

dompetku
20
dompetku  

hello

This is great EA, very appreciate for this great work

Can we add some Pending order which based on Fibonacci Retracement of engulfing form , as seen on pic below ?

So we have Pending Orders set on Initial break level, Entry level1 and Entry level 2 with multiple choice of TakeProfit level (TP-1 is enough) and we also have SL level

Thank you

Vladimir Karputov
Moderator
251926
Vladimir Karputov  
dompetku :

hello

This is great EA, very appreciate for this great work

Can we add some Pending order which based on Fibonacci Retracement of engulfing form , as seen on pic below ?

So we have Pending Orders set on Initial break level, Entry level1 and Entry level 2 with multiple choice of TakeProfit level (TP-1 is enough) and we also have SL level

Thank you

It's unclear how to draw Fibonacci Retracement? Where is the starting point, and where is the end point?


dompetku
20
dompetku  

Maybe this can explain

Start at close point of engulfing candle

End at lowest low of engulfing complex

Fibo levels :

 -    -0.1     : SL

 -     0.382  : entry level 2

 -     0.618  : entry level 3

 -     1.00    : initial break

 -     1.618  : TP 1

 -     2.618  : TP 2

 -     4.236  : TP 3


Thank you

Vladimir Karputov
Moderator
251926
Vladimir Karputov  
dompetku : 

What does your drawing have to do with the adviser "Bullish and Bearish Engulfing"? I drove the test for EURJPY, H1 from 2018.08.03 to 2018.08.08 - there is no transaction at all.

dompetku
20
dompetku  

maybe because of spreads and brokers difference Sir

i simply use this manual indicator to find engulfing candle with MA 20 as a filter

hope there are some EA to place positions based on Fibo and Engulfing candle  

Vladimir Karputov
Moderator
251926
Vladimir Karputov  
dompetku :

maybe because of spreads and brokers difference Sir

i simply use this manual indicator to find engulfing candle with MA 20 as a filter

hope there are some EA to place positions based on Fibo and Engulfing candle  

Let's test on the reference server.

MetaQuotes-Demo server. Advisor settings - by default.

Specify the symbol, timeframe and date of testing (from and to).


If there are any transactions on this interval, I will continue the conversation with you and with you.

dompetku
20
dompetku  


Find some transactions on USDJPY on 8 until 13 Aug with my revised indicator

Some hit SL some hits TP 

Vladimir Karputov
Moderator
251926
Vladimir Karputov  
dompetku :


Find some transactions on USDJPY on 8 until 13 Aug with my revised indicator

Some hit SL some hits TP 

At USDJPY, H1 from 8 to 13 August, the adviser of "Bullish and Bearish Engulfing" finds only one transaction:


I still do not understand what you mean.

dompetku
20
dompetku  

yes Sir

I think we can stop this conversation

thanks for everythings :)

axna2000
7
axna2000  

  Hello Vladimir

  In Expert Bullish and Bearish Engulfing did'nt have lot, can you add ?