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Doji Engulfing Paths Mt5 Demo

FREE

Published: 30 July 2018

Current version: 2.1

Doji Engulfing Paths Mt5 Demo

It is a good advantage to take all the appearing opportunities with reversal signals and direct signals in order to obtain some profits on the forex market.

With the demo version, only the signals starting with the 20th candle or bar are available.

System features

With fast execution, it allows to register directly the information about the new doji patterns on a chart and starts with the last candle available before the current candle or bar on the chart.

The utility shows a sign on the chart in order to indicate where the doji is located on this chart.

It enables to get the same functions with the engulfing patterns: it could precisely indicate with a graphical object and sign on the chart the positions of new engulfing patterns.

Recommendations

First, select the maximal number of previous candles and bars to display on the charts.

The maximum is 1000 bar shifts, previously to the current bar. The result will be the display of the exact locations of dojis and engulfing patterns on the technical charts.

Special addition

The Doji Engulfing Paths is a utility that could run independently to other available and additional EAs and indicators on the selected list of charts.

It enables to follow the direction of the trend and select entry levels for reversals of instruments available and the correct period of time with timeframes. When a doji appears on an uptrend for example, it is the right period of time to go for a reversal and open a short position on the instrument.

According to the directions, when an engulfing pattern occurs on an uptrend and with the same direction, it is possible to continue the directional move and to go to open a long position on this trend move.

That is supposed to enable profits on the forex market.

Inputs

num_Of_Shifts: number of bars to display
color_Doji_PL: color of the signal for uptrends and downtrends with dojis
- clr_Green_H
- clr_Aqua_H
- clr_Orange_H
- clr_Beige_H
- clr_Violet_H
color_Engulfing_Up: color of the signals for uptrends with engulfings
- clr_Green_H
- clr_Aqua_H
- clr_Orange_H
- clr_Beige_H
- clr_Violet_H
color_Engulfing_Down: color of the signals for downtrends with engulfings
- clr_Red_LH
- clr_Yellow_LH
- clr_LightViolet_LH
- clr_Magenta_LH
- clr_LightYellow_LH
Signals: list of signals to display, only dojis, only engulfing, or both of the systems
- mode_Doji_H: only dojis
- mode_Engulfing_Up: only engulfing on up directions
- mode_Engulfing_Down: only engulfing on down directions

more...

17144501 2022.02.20 12:16 #

This is an amazing indicator that does exactly what its supposed to. If only it would send notifications/alerts when the engulfing candles occur, then it would be a 5 star

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17144501 2022.02.20 12:16 #

This is an amazing indicator that does exactly what its supposed to. If only it would send notifications/alerts when the engulfing candles occur, then it would be a 5 star