Bullish Engulfing ProLab MT5
- Experts
- Version: 1.0
- Activations: 5
Bullish Engulfing ProLab MT5
Build your own trading workflow around the Bullish Engulfing candlestick pattern.
Bullish Engulfing ProLab MT5 is a configurable Expert Advisor for MetaTrader 5 designed to detect Bullish Engulfing formations on a new completed candle and give you full control over how the signal is filtered, managed, and executed.
This is a flexible pattern framework—not a fixed strategy. You can use the Bullish Engulfing signal with the default settings or build your own trading rules by adjusting the available inputs.
KEY FEATURES
• Bullish Engulfing pattern detection
• New-candle evaluation using closed candles
• Independent pattern timeframe
• Inverse signal option
• Detailed candle controls for range, body size, wick size, ratios, tolerance, gaps, and context
• Fixed Take Profit and Stop Loss in points
• Buy only, Sell only, or Buy and Sell direction
• Maximum orders and reverse-signal control
• Symbol-aware execution checks for different brokers and instruments
OPTIONAL SPREAD AND TREND FILTERS
The filters are optional and disabled by default, so the EA can trade the Bullish Engulfing pattern with fixed TP and SL only.
You can enable the filters individually and combine them to create your own confirmation workflow:
• Spread Filter: avoids opening trades when the current spread is above your selected limit.
• Moving Average Filter 1 and 2: confirms price direction using configurable periods, methods, applied prices, and independent timeframes.
• RSI Filter: checks bullish or bearish momentum using a configurable timeframe and levels.
• Parabolic SAR Filter: confirms the directional position of price relative to SAR.
• Stochastic Filter: evaluates momentum using configurable K, D, slowing, price mode, method, and timeframe.
• MACD Filter: confirms momentum direction using configurable fast, slow, signal, applied price, and timeframe.
• ADX Filter: checks trend strength using a configurable timeframe and minimum ADX level.
Every trend filter has its own timeframe input, allowing multi-timeframe confirmation without forcing all filters to use the chart timeframe.
TRADE MANAGEMENT
• Normal Trailing Stop
• Parabolic SAR Trailing Stop
• ATR Trailing Stop
• Break Even with configurable start and offset
• Individual and total profit or loss controls in account-currency USD values
• Buy-side and sell-side money management limits
• Equity drawdown protection
• Daily equity loss protection
• Optional close-all protection actions
TRADING SCHEDULE
Control when the EA is allowed to trade with:
• Symbol session availability checks
• Broker-time session filters for Sydney, Tokyo, London, and New York
• Day-of-week blocking
• Market status, quote, trading permission, and symbol availability checks
EXECUTION SAFETY
The framework is designed for practical MT5 use across different symbols and broker conditions. Before sending an order, it checks volume limits and steps, available margin, symbol trading permissions, execution filling mode, price digits, and broker stop or freeze distances.
When trailing stop and break-even are disabled, the original fixed SL and TP are preserved and no unnecessary position modification is sent.
DEFAULT WORKFLOW
By default, the EA focuses on the Bullish Engulfing pattern with optional filters disabled, trailing stop disabled, break even disabled, and fixed TP and SL values available from the inputs. You decide how much confirmation and management you want to apply.
Bullish Engulfing ProLab MT5 is suitable for traders who want a clear price-action pattern with configurable confirmation, multi-timeframe filters, risk controls, and execution safeguards in one MT5 Expert Advisor.
Important: This product is a technical trading tool. It does not guarantee profits. Always test the EA on your broker, symbol, timeframe, and account conditions before live use.
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