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CREATE EA

MQL5 Experts C++ PHP Python

Specification

To create an EA based on the Bullish Engulfing and Bearish Engulfing patterns with 60 SMA indicator, the following steps could be taken:

  1. Define the Buy Signal: When a Bullish Engulfing pattern occurs below the 60 SMA, it generates a Buy Signal.

  2. Define the Sell Signal: When a Bearish Engulfing pattern occurs above the 60 SMA, it generates a Sell Signal.

  3. Set Lot Size: You can set the lot size to 0.1, but make it adjustable for future changes.

  4. Define Stop Loss: You can place the Stop Loss below the low of the previous candle, which is one candle below the entry level.

  5. Money Management: Implement a money management strategy to control the risk of the trades and determine the size of each trade.

These steps could be used to build a basic EA based on the Bullish Engulfing and Bearish Engulfing patterns with the 60 SMA indicator. The specific programming language and platform used for building the EA will depend on your technical abilities and preferences.


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