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Engulfing WJ

Fully automated Expert Advisor trading on candlestick analysis patterns, specifically on engulfing pattern, using several filters. The EA allows to trade a fixed percentage of the deposit relative to SL, and is also equipped with a trailing stop.


Advantages

  • Fixed percentage per trade;
  • Does not use martingale
  • It is possible to use hedging;
  • No grid, martingale or arbitrage;
  • Low trading drawdown;
  • Easy to set up.


Requirements

  • Symbols: EURUSD.
  • Timeframe: H4.
  • Minimum deposit $100.
  • Account currency: any.


Parameters (recommended)

  • LosPercent - percentage of allowed losses per trade (2-5%).
  • SL - stop loss in points (40).
  • TP - take profit (0).
  • MagicNumber - magic number.
  • Slippage - allowed slippage.
  • OnlyOneOpenedPos - only one trade at a time if set to True, if False - disabled (false).
  • AutoDigits - define the amount of decimal places automatically if True, if False - disabled (true).
  • period - "period" of the Bollinger Bands indicator (20).
  • deviation - "deviation" of the Bollinger Bands indicator (2).
  • shift - "shift" of the Bollinger Bands indicator (0).
  • apply - "applied price" of the Bollinger Bands indicator (0).
  • TrailingStop - fixed trailing stop (120).
  • TrailingStep - trailing step (1).
senan Fuchedzhiev
159
2016.12.12 18:52 
 

I like the EA. It is profitable with SL 40 and TP 200 + its hard not to be profitable, just let the entries run. 4 star as the overall ratio can be better of win the rate but hey there is no Holy Grail.