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ProEngulfing For MT5

39 USD

Demo downloaded: 21

Published: 9 November 2024

Current version: 1.50

ProEngulfing For MT5

Indicators
Ashkan Hazegh Nikrou
Version: 1.50
Activations: 7

Pro Engulfing Indicator is professional indicator can detect qualified engulf patterns

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

MT4 Version of this product already downable in link below :

https://www.mql5.com/en/market/product/52023

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 in the forex market. Developed for MetaTrader 4, ProEngulfing offers a meticulous approach to engulf pattern recognition, ensuring that you receive only the most reliable signals for your trading decisions

How ProEngulfing Works:

ProEngulfing operates through a sophisticated algorithm that goes beyond simple pattern recognition to analyze engulf patterns thoroughly. The indicator employs qualification criteria, evaluating the percentage of the body and shadow in relation to the entire candle size. This meticulous assessment ensures that only high-probability engulf patterns are highlighted. Additionally, ProEngulfing seeks continuity confirmation by identifying a sufficient number of continuous reverse bars preceding the engulf pattern, adding an extra layer of reliability. The indicator provides two-sided signals with In Direction and Reverse Direction modes, easily switchable using on-chart buttons. In Direction Mode displays engulf patterns on touch or retrace on the moving average line, while Reverse Direction Mode reveals bearish qualified engulf patterns occurring above the moving average by a specified distance, suggesting a potential market reversal. To enhance decision-making, ProEngulfing introduces a BackTest feature, allowing users to internally assess all generated arrows based on three different Risk-to-Reward ratios (RR). This feature provides a visual representation of win rates for each take profit level, streamlining the backtesting process.

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.

FAQ

How this indicator show patterns and entry signals ?

Pro 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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Introducing Koala FVG for MT5 – Your Professional Fair Value Gap (FVG) Pattern 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 Koala FVG: Your Path to Precision Trading on MT5 Unlock the power of the Fair Value Gap (FVG) pattern with Koala FVG – a cutting-edge indicator designed for MetaTrader 5. For a limited time, access this professional tool for fr

Session Break Out Indicator – The Ultimate Tool for Session-Based Trading The Session Break Out Indicator is a cutting-edge tool designed to help traders monitor market sessions and utilize time-based trading strategies effectively. Professional traders understand that time plays a crucial role in the forex market, as currency strength and volatility vary across different trading sessions. With this powerful indicator, you can: Track Market Sessions – Instantly identify which session is active

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 Would you like to have power meter for all pair and times frames ? visit below links : MT4 => https://www.mql5.com/en/market/product/129225 MT5 => https://www.mql5.com/en/market/product/129241 Introduction:

Introducing Market Structure Break Out for MT5 – Your Professional MSB and Unbroken Zone indicator We strive to provide highly accurate entry and exit points based on market structure. We are now in version 1.1, and below are the latest changes if you join us now: Buy & Sell Targets: Get clear insights on the best take profit levels for both buy and sell positions. Last MSB Direction: Stay informed with a display of the most recent Market Structure Breakout direction for better decision-m

69 USD

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 FREE

Pro Engulfing Indicator is professional indicator can detect qualified engulf patterns 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 MT5 version of this product is downloadable now : https://www.mql5.com/en/market/product/126366 Introducing ProEngulfing – You

39 USD

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 cros

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 tool to

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 In

Trade Board MT4 – Professional Trade Assistant for MetaTrader 4 Important Information Before Purchase Full Demo Version Available – Test on Live Market Trade Board MT4 provides a fully functional Demo Version that traders can download and test directly on real market conditions using a demo trading account without any feature limitations. Testing trade assistants inside Strategy Tester does not provide realistic execution behavior, therefore we strongly recommend downloading the demo version a

30 USD

Enhance your trading experience with the Your Chart indicator! This free and highly customizable tool allows traders to merge multiple timeframes into a single, clean candlestick display without altering the original chart. With Your Chart , you can set the number of bars per custom candle – for example, combine every 18 M1 candles into one for a broader view of market trends. Key Features: Custom Candlestick Formation : Choose how many bars to merge into one candle, offering a flexible view of

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 determine

30 USD

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 mean ?

30 USD

*Current Price Of Product Is 49$ For Limited Time, Next Price Of All Power In One Is 99$* All Power In One (APIO) Indicator The All Power In One (APIO) indicator is a robust tool designed to evaluate the strength of major currencies, including USD, EUR, GBP, and others. By analyzing the movements and directions of various currency pairs across selectable timeframes, APIO provides traders with clear insights into currency strengths and potential trading opportunities. MT5 Version of APIO is avai

49 USD

MSB Robot – Your Smart Gateway to Automated Forex Trading MSB Robot is a fully automated Expert Advisor (EA) designed based on the powerful signal logic of the Market Structure Breakout (MSB) indicator—one of the most popular and accurate tools for identifying breakout opportunities in forex markets. This EA is developed to make safe profit based on accurate and qualified MSB signals, easy setup and usage is in trader hand by pilot mode that allow trader to either let the EA run on complete auto

199 USD

Momentum Hunter – Advanced Non-Repainting Momentum Indicator Momentum Hunter is a powerful and reliable indicator designed to detect fresh momentum and help traders capture market moves with precision. Specially optimized for the M1 timeframe , it also works seamlessly on higher timeframe's, making it suitable for scalpers and swing traders alike. MT5 version of this indicator is available here : https://www.mql5.com/en/market/product/144628 Key Features: Non-Repainting & Non-Lagging : Signals a

49 USD

Trex – Trend Detection & Entry Signal Indicator Trex is a powerful yet simple trend-following indicator designed to help traders identify market trends and precise entry points with high clarity. Trex works based on slope analysis of Bollinger Bands and Moving Averages, combined with smart external filters to reduce bad signals as much as possible and improve overall trading accuracy. The indicator focuses on trend trading and avoids unnecessary complexity, making it suitable for both beginners

69 USD

49 USD

MSB Robot – Your Smart Gateway to Automated Forex Trading MSB Robot is a fully automated Expert Advisor (EA) designed based on the powerful signal logic of the Market Structure Breakout (MSB) indicator—one of the most popular and accurate tools for identifying breakout opportunities in Forex markets. This EA is developed to make safe profit based on accurate and qualified MSB signals, easy setup and usage is in trader hand by pilot mode that allow trader to either let the EA run on complete auto

199 USD

Momentum Hunter – Advanced Non-Repainting Momentum Indicator Momentum Hunter is a powerful and reliable indicator designed to detect fresh momentum and help traders capture market moves with precision. Specially optimized for the M1 timeframe , it also works seamlessly on higher timeframe's, making it suitable for scalpers and swing traders alike. Key Features: Non-Repainting & Non-Lagging : Signals are stable and arrows appear only after the candle closes. No Complex Interface : Clean and s

49 USD

Emperor Signal MT5 - Indicator act and simulate trades like that Expert Advisor! Emperor Signal MT5 is an advanced indicator that simulates signals similar to an Expert Advisor while remaining fully under the trader’s control. It provides clear entry and exit points, complete trade visualization, and an intuitive interface to support safe and systematic trading. Key Features Smart Entry Simulation Each signal is divided into up to 5 entry levels , creating a basket of trades that enhances safet

49 USD

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