FreelanceSections

Engulfing candle entry robot creation

MQL5 Experts

Job finished

Execution time 2 days
Feedback from customer
very good, thank you, highly recommended
Feedback from employee
I enjoyed working with this MQL5 client. They communicated their project needs clearly and quickly addressed my questions.

Specification

  1. trade idea
    when bullish and bearish engulfing candle forms, places trades with set risk, SL, TP, max position (adjustable)

enters right when there is a valid candle close
2 positions are open
one position tp set at 1R
one position trailing stop by 0.5R
or able to choose risk and how many positions are entered

  1. valid entry - my definition of engulfing candles
    consists of 2 candles

  • bullish engulfing entry
    when 2nd candle exceeds low of previous candle and closes above the previous candle

  • bearish engulfing entry
    when 2nd candle exceeds high of previous candle and closes below the previous candle

When the entry is formed, position is automatically entered

SL (able to adjust)
bullish engulfing entry
1pip or at the low of the entry candle

bearish engulfing entry
1pip or at the high of the entry candle

TP (able to adjust)
one at 1R
one trailing by 0.5R

  1. able to adjust risk
  2. able to adjust SL
  3. able to adjust max number of position
  4. able to adjust TP and Trailing TP

Files:

PNG
Screenshot_2026-05-04_at_3_38_44pPM.png
77.8 Kb
PNG
Screenshot_2026-05-04_at_3_38_187PM.png
61.5 Kb
PNG
Screenshot_2026-05-04_at_3_37_47vPM.png
109.6 Kb
PNG
Screenshot_2026-05-04_at_3_37_359PM.png
67.9 Kb

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Project information

Budget
30+ USD
Deadline
to 5 day(s)