Experts: Bullish/Bearish Engulfing Pattern strategy

 

Bullish/Bearish Engulfing Pattern strategy:

This EA implements a Bullish/Bearish Engulfing Pattern strategy combined with RSI confirmation to detect optimal buy and sell opportunities. It is designed to dynamically adjust its Stop Loss (SL), Take Profit (TP), and Trailing Stop based on market conditions using ATR (Average True Range), making it suitable for both forex and crypto markets. It adapts in real-time to market volatility and performance, offering AI-like behavior.

Author: Sassan Mohammadi

 
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I'm no stranger to creation of EA's as I made several - but just looking at the code, this won't trade, there's no logic for signaling a position open. The logic to execute a position is fine, but no logic included there to signal a position. I'm not sure if that's intentional or not
 
Conor Mcnamara #:
I'm no stranger to creation of EA's as I made several - but just looking at the code, this won't trade, there's no logic for signaling a position open. The logic to execute a position is fine, but no logic included there to signal a position. I'm not sure if that's intentional or not
Then you should find it is just okay to work with.
 
This EA completely lacks the logic for order management, that is, the EA does not open or close orders. In its place, in the OnTick function, the comment "Other EA logic remains unchanged..." appears. Perhaps the author refers to a previous version of the same EA, but I have not found any trace of it. Why not integrate the code of the previous versions and propose a revised and fully functional EA? The evaluation of the signal generation remains pending, waiting for a complete code that can demonstrate the overall profitability. Finally, I would suggest deleting the objects created when the EA is removed from the chart. Examining the code, you can see that the only deleted object is called "MarketInfoLabelEA", but this object is never created. The BUY-SELL arrows, however, remain on the chart even after the EA has been deleted.
 
Orders are not firing...
 
It doesn't work in backtest!!!
 
Conor Mcnamara #:
I'm no stranger to creation of EA's as I made several - but just looking at the code, this won't trade, there's no logic for signaling a position open. The logic to execute a position is fine, but no logic included there to signal a position. I'm not sure if that's intentional or not

this is no robot at all ! Lol...  It just draw Arrows on the chart, based on the indicators output.