Bullish and Bearish Engulfing:
The EA trades based on the "Bullish and Bearish Engulfing" pattern.
Author: Vladimir Karputov
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
It's unclear how to draw Fibonacci Retracement? Where is the starting point, and where is the end point?
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
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.
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.
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.
I think we can stop this conversation
thanks for everythings :)
In Expert Bullish and Bearish Engulfing did'nt have lot, can you add ?
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