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QualifiedEngulfing

FREE

Published: 16 November 2023

Current version: 1.50

QualifiedEngulfing

QualifiedEngulfing Is Free Version Of ProEngulfing Indicator
ProEngulfing Is Paid Version Of This Indicator Download It Here.
What is Different Between free and paid version of ProEngulfing ? Free version has limitation of One Signal Per Day
Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below :
https://www.mql5.com/en/channels/koalatradingsolution

Introducing QualifiedEngulfing – Your Professional Engulf Pattern Indicator for MT4

Unlock the power of precision with QualifiedEngulfing, a cutting-edge indicator designed to identify and highlight qualified engulf patterns in the forex market. Developed for MetaTrader 4, QualifiedEngulfing offers a meticulous approach to engulf pattern recognition, ensuring that you receive only the most reliable signals for your trading decisions

How QualifiedEngulfing Works:

QualifiedEngulfing employs a sophisticated algorithm to analyze engulf patterns, going beyond mere pattern recognition to ensure the patterns are truly qualified. Here's how it works:

Qualification Criteria: The indicator assesses the percentage of the body in relation to the entire candle size and considers the shadow's percentage in comparison to the candle size. This meticulous evaluation ensures that only high-probability engulf patterns are brought to your attention.

Continuity Confirmation: QualifiedEngulfing looks for a sufficient number of continuous reverse bars before the engulf pattern, providing added confirmation of the pattern's reliability.

Two-Sided Signals: QualifiedEngulfing offers two distinct signal modes – In Direction and Reverse Direction. Users can easily toggle between these modes with on-chart buttons.

In Direction Mode: Displays engulf patterns on touch or retrace on the moving average line.

Reverse Direction Mode: Shows bearish qualified engulf patterns occurring above the moving average by a specified distance, indicating a potential market reversal.

BackTest Feature: QualifiedEngulfing introduces a powerful BackTest button, allowing users to internally assess all generated arrows based on three different Risk-to-Reward ratios (RR). This feature provides a visual representation of the win rates for each take profit level, streamlining the backtesting process for enhanced decision-making.

Indicator Input Parameters:

Signal Mode: Choose between Both Mode, In Direction, or Reverse Direction.

Shadow Percentage: Set the percentage for the shadow in the engulf pattern.

Body Percentage: Determine the percentage of the body compared to the candle size.

After Number of Reverse Candle: Specify the number of consecutive reverse candles required before accepting an engulf pattern.

Stop Loss Margin: Set the stop loss margin for risk management.

Risk-to-Reward Ratios: Customize RR1, RR2, and RR3 for tailored risk management.

Atr Factor: Determine the minimum ATR distance factor for reverse signals.

Atr Period: Set the ATR period for volatility consideration.

Gravity Moving Average: Configure Moving Average settings, including period, applied price, and method.

Alert Settings: Enable or disable MT4 PopUp, Mobile, and Email alerts for timely notifications.

ProEngulfing empowers traders with a comprehensive set of features to navigate engulf patterns confidently, backed by a robust qualification process and innovative signal modes. Elevate your trading strategy with ProEngulfing today!

FAQ

How this indicator show patterns and entry signals ?

Qualified Engulfing fill bars by specific color , and draw up and down arrow to show you exact entry opportunity

Is this indicator has repaint ?

No there is no repaint in this product, all arrow will remain fix on chart, you can trust arrows.

How our developer can detect signals and use them in Expert Advisor ?

Very easy to use, buy and sell signals specified by 2 buffers,.

Buy buffer number is 0 _ MQL Code to achieve this buffer is : double ProEngulfBuy = iCustom(Symbol(),PERIOD_CURRENT,"Market//ProEngulf.ex4",0,1);

Sell buffer number is 1 _ MQL Code to achieve this buffer is : double ProEngulfSell = iCustom(Symbol(),PERIOD_CURRENT,"Market//ProEngulf.ex4",1,1);

Do you have an idea and want to build your own product for mql5 market ?

If yes, i can be your consultant and developer , i ll guide you how to improve your idea and release it in mql5 market, click on below link and hire me.

https://www.mql5.com/en/job/new?prefered=ashkan.nikrou

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Koala Trend Line Upgraded To Version 1.2 Last Upgrade Improvement : New Parameter Added that allow user to connect trend line to 2nd or 3th or Xth highest or lowest point. My Request : **Dear Customers Please Release Your Review On Koala Trend Line, And Let Me Improve By Your Feed Backs. Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below : https://www.mql5.com/en/channels/koalatradingsolution WHAT ABOUT OTHER

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Free version of ProEngulfing is QuallifiedEngulfing By One Signal Limitation per day and less features Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below : https://www.mql5.com/en/channels/koalatradingsolution Introducing ProEngulfing – Your Professional Engulf Pattern Indicator for MT4 Unlock the power of precision with ProEngulfing, a cutting-edge indicator designed to identify and highlight qualified engulf patterns

79 USD

Description : we are happy to introduce our new free indicator based on one of professional and popular indicators in forex market (Parabolic SAR) this indicator is new modification on original Parabolic SAR indicator, in pro SAR indicator you can see cross over between dots and price chart, this crossover is not signal but talk about end of movement potential, you can start buy by new blue dot, and place stop loss one atr before first blue dot, and finally you can exit as soon as dots cross

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Introducing Koala Supply Demand Indicator for MetaTrader 4 : Welcome to Koala Supply Demand Indicator. This indicators designed to identify unbroken supply and demand zones in different time frames, this indicator can help trader to view market as zone areas, you can see how price respect some power full zones, this indicator also can show you price action signals when they formed inside zones. Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala

49 USD

Is This tools use able for free in Forex market ? Accuracy Meter is useful and also free product, i made this product for free because i believe that any seller must have some good products for free not just release bad products as free tools. What does Green koala logo mean : Means Free Products , i ll release my free products by green koala logo, so when you see green koala, it means new free products is access able for you. Accuracy Meter Introduction : Accuracy Meter is powerful

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Join Koala Trading Solution Channel in mql5 community to find out the latest signals, news about all koala products, join link is below : https://www.mql5.com/en/channels/koalatradingsolution Description : we are happy to introduce our new free indicator based on one of professional and popular indicators in forex market (Parabolic SAR) this indicator is new modification on original Parabolic SAR indicator, in pro SAR indicator you can see cross over between dots and price chart, this c

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Welcome to Koala Fibo Base Time Welcome to Koala Fibo Time Zone Welcome to Koala Fibo Time Extention Welcome to Missed Tool For Meta Trade! Simple Introduction : Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time. A major low or high is often chosen as the starting point. Distances start relatively small and grow as the Fibonacci Sequence extends. Chartists can exten

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Simple introduction to currency meter indicator : Currency Meter Is Indicator to determine power of each currency and show them in very simple design This indicator can help you to see power of each currency separately. As you know when GBPUSD goes up, it means GBP going to more power or USD goes more weak, but you cant understand what is the reason of this movement, it was about GBP ? or it was about USD ? To determine GBP power , This indicator, will check all pairs contain GBP and determ

30 USD

Abstract : Welcome to our latest in a profitable yet safe Expert advisor, Koala, which uses stop loss for every open position and does not use a martingale or Grid strategy, thereby reducing the chance of account blow outs. Koala is the first of its kind to use a built in auto backward optimization engine to pick the best variable values based on a mathematical and statistical analysis of the past 2 weeks data a any point in time. This novel method of autooptinmization helps this EA adapt itse

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Koala Trend Line Introduction : I made this indicator to help traders find trend better, this indicator can show you current trend line. As you know trend line must draw between 2 highest or lowest points. So the main logic is to find highest and lowest points. Indicator find all highest and lowest points in history and show them by red and blue dots. These highest and lowest points calculated according to depth value. depth value is adjustable , and user can change it. What does depth mea

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Welcome to koala MT4 Trading Panel This is professional tool can make trading easy , much faster for you, if you are one of forex manual trader. This tool has nice user interface and easy method to adjust entry, stop loss, take profit by just drag and drop lines. Ability to adjust fix lot size, risk dollars, Magic Number, Equity DD Protector, Trailing stop, Break Even. and also Trailing based on Moving average are more advantages of this tool. What is this panel properties : 1. Open Buy Trade

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Description : Koala Pro divergence is not just simple divergence, it's qualified strategy can detect nice divergence signals based on distance from moving line, we know moving average work like gravity, price respect moving line and refer to moving average always, this indicator determine price distance by moving line continuesly and try to choose one of divergance arrows that has enough potential. In this strategy always our target is moving average.

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Introducing Market Structure Break Out for MT4 – Your Professional MSB and Unbroken Zone indicator Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below : https://www.mql5.com/en/channels/koalatradingsolution Market Structure Break Out : your way to have pure analysis on market waves This indicator designed to drawing market structure and movement waves, to find out best MSB or Market Structure Break Out , when marke

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Koala Engulf Pattern Introduction Professional MT5 indicator to detect engulf price action pattern. Useful in forex , cryptocurrency , CFD, Oil market. Some adjustable methods to separate qualified engulf patterns. Nice drawing on chart by fill engulf candles and draw stop loss and 3 different take profits on chart. Alert system contain pop up, mobile notification, email alert. Koala Engulf Pattern Advantages Pure Price Action pattern, engulf is one of amazing price action patterns and very

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Koala Price Action Scanner - Monitor power of price action in all pairs easier than ever , all in one panel Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below : https://www.mql5.com/en/channels/koalatradingsolution Introduction: Discover the new Koala Price Action Scanner – a versatile, multi-currency, and multi-time frame tool designed to detect essential price action patterns and present them in an intuitive scanner

30 USD

Introduction to Smart Engulfing MT5: Step into the realm of refined trading with Smart Engulfing MT5 – your go-to professional indicator for identifying top-tier engulf patterns. Designed with precision and ease of use in mind, this tool is crafted exclusively for MetaTrader 5 users. Uncover lucrative trading opportunities effortlessly as Smart Engulfing MT5 guides you with alerts, arrows, and three distinct take-profit levels, making it the ultimate companion for traders seeking simplicity and

49 USD

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