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EngulfingPatternEA

4.75

Expert Advisor trading especially engulfing pattern with a pullback candle. 

minimum account 100 $.

stable results on EURGBP 5Min since 2012.

  • settings for optimization:

  • maxSpread = maximum spread allowed for trading
  • trailStop = distance of trailing stop
  • profitTrailStop = profit for trail stop activation
  • lotControl = lot control and its multiplication 
  • candleSize = relative size of the engulfing candle
  • peak_candle_back = highest or lowest of engulfing candle

developed, tested and optimized on " VantageMarkets " platform.

Recommended broker > Vantage

Account Options: leverage 500:1 (low spread Raw ECN /  Standard STP / Micro - Cent)

open account > www.vantagemarkets.com/forex-trading/forex-trading-account/?affid=5861

Reviews 10
Aleksandr Agrushev
2443
Aleksandr Agrushev 2024.02.19 19:18 
 

"Adjusted to fit my strategy and activated it to use 1% of the deposit, so far everything is to my liking. You can observe the results in my profile. I use a large number of advisors, including paid ones. Thanks to the author for the excellent work!"

MattyTrading
2094
MattyTrading 2023.11.15 09:10 
 

EXCELENTE EA tiene resultados estables , GRACIAS AL CREADOR DEL ROBOT

John Winsome Munar
3471
John Winsome Munar 2022.05.28 14:55 
 

Great EA, it works. Thanks.

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One Inch Slap
Inrexea Limited
No Backtesting is allowed: (OIS IS NOT A HFT Strategy, Will not be violated by Prop firm rules) We don't rely on backtest results. The backtesting environment can't access our database to retrieve historical data. We aim to provide clarity to EA traders and not mislead them. The best approach is to monitor our signals. If you're wondering how to verify that it works with your broker, the response is the same: backtesting results alone don't prove effectiveness. "OIS" : The Final product of ours
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Alexander Chertnik
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Alexander Chertnik
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Filter:
Aleksandr Agrushev
2443
Aleksandr Agrushev 2024.02.19 19:18 
 

"Adjusted to fit my strategy and activated it to use 1% of the deposit, so far everything is to my liking. You can observe the results in my profile. I use a large number of advisors, including paid ones. Thanks to the author for the excellent work!"

MattyTrading
2094
MattyTrading 2023.11.15 09:10 
 

EXCELENTE EA tiene resultados estables , GRACIAS AL CREADOR DEL ROBOT

John Winsome Munar
3471
John Winsome Munar 2022.05.28 14:55 
 

Great EA, it works. Thanks.

jolurodr
34
jolurodr 2022.02.04 20:05 
 

Alexander very good E.A..!!! Thank you for share it

ckocabal
172
ckocabal 2021.12.28 08:23 
 

very good result even in real account pls go work on it

Senzo Mbatha
171
Senzo Mbatha 2021.08.22 17:25 
 

Looking good

derrick9006
15
derrick9006 2021.04.27 20:31 
 

Can add one more function for how many pips to stop loss? if that possible i think will be perfect

Alexander Chertnik
69035
Reply from developer Alexander Chertnik 2021.04.27 23:42
hi, no. because this EA had in the beginning that function and it didnt worked well. this is grid kind EA.
try to use profitTrailStop with minus (like: -10..) so the trailing stop will start to run straight away after the order is placed.
Matrix2020
234
Matrix2020 2021.04.25 07:57 
 

Dear Alexander, Thank You very much for your hard work and developing this type of EA as free product. It works perfect for my application, especially eurgbp (i was looking for such an EA for this pair). I found the function of limiting the total risk in the input parameters very useful , and i tested with following parameters: Account = 1000 € / max risk of 100 € / 0,01 lot / 2016-2020. This ea works without Martingale which is fine ... therefore 5 Stars ***** .

Alexander Chertnik
69035
Reply from developer Alexander Chertnik 2021.04.25 08:14
hi, thank you very much for your rating :)
LDC1978
244
LDC1978 2021.04.14 13:13 
 

this is so nice and very useful... thank you for sharing...

Alexander Chertnik
69035
Reply from developer Alexander Chertnik 2021.04.27 23:44
hi, thank you very much, and sorry for the delay:)
Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2021.02.22 11:07 
 

4 * for the developer's work.

Alexander Chertnik
69035
Reply from developer Alexander Chertnik 2021.02.22 18:28
thank you very much for your rating :)
Reply to review
Version 1.5 2020.11.23
minor changes
Version 1.3 2020.11.23
minor code changes
Version 1.2 2020.11.15
some external setting added