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EngulfingTrade MT4

⚡ The strategy of the Expert Advisor is based on one of the strongest signals of technical analysis - Engulfing .

⚡ When determining this figure, a trading expert studies the current market situation and, if there is a combination of certain factors, starts working.

It is recommended to start working with a small trading lot. As you become familiar with the work of an expert, the trading lot can be increased (use money management) to a psychologically acceptable size.

Attention: the format of the trading time settings (by terminal time) is "hour: minutes" - Separator is a semicolon. For example: "08:15", "14:30".

Every trade is protected by a stop loss. The Martingale system is NOT used. Lot increase after a loss is NOT used.

The default settings are suitable for the following trading instruments (5m): EURUSD, GBPUSD, USDJPY, EURGBP, USDCAD, EURJPY.

The procedure for installing a trading expert:

  1. Open 5 charts of recommended trading instruments;
  2. Switch timeframes on all charts to 5 minute timeframe;
  3. Install an Expert Advisor on each chart and allow it to trade;
  4. Check if Auto Trading is allowed in your terminal.
  5. We recommend using a remote server (VPS) with low ping.

Settings

  • Minimum candle size - The minimum size of the Absorbing candle;
  • Candle 'Engulfing' timeframe - Engulfing and Engulfing candles timeframe;
  • Percentage of candle body on size - the Absorbent candle must be at least greater than the Absorbed by this percentage;
  • How many candles is the signal alive? - How many candles the signal is alive;
  • Pin bar arrow size (if 0 - do not show) - The size of the arrow pointing to the Absorbing Candle (if 0 - not shown);
  • This LOT: - This lot;
  • For each of this amount (if> 0) - For each of this amount of bananas (if 0, it will be "This LOT");
  • MaxLot - Maximum trading lot;
  • Take Profit - Take profit;
  • Stop Loss - Stop Loss;
  • Trailing Stop - Trailing stop;
  • Trailing step - Trailing stop step;
  • Start of trading (if 0 - not used) - Trading start time (if 0 - not used);
  • End of trade - Trade end time;
  • Comment to order - Comments to the EA orders;
  • Slippage - Slippage;
  • Max Spread - Maximum spread;
  • Magic Number - Magic number to distinguish "their" orders;
  • Show logo? - Displaying the logo on the chart;
  • Show info-text? - Displaying information on the chart;
  • Text size - Font size;
  • Text color - Font color.
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