MT5 EA Engulfing Rectangles Multi Time Frame, RSI and Money Management

Hi there I Want to Create an MT5 EA that TRADES or ONLY ALERT

FEATURES 

• Will Open Only 1 position Always, Will not Open a position if the current position is open. 
• Will Send Alert and Mobile Alert, Notifications on RSI Alert and Sweep
• Will Send Alert and Mobile Alert, Notification on Opening Position 
• Will Send Alert and Mobile Alert, Notification on TP and SL 

• Will Send Source Code For Future Updates, Revision, Plus other specifications that will be encountered to be discussed with coder

= Has 2 Engulfing Rectangle Time Frames Marked (* Abbreviation EG = Engulfing)

= Has 2 RSI on the Same Window on 2 Different TimeFrames

= Bullish EG means a Bearish Candle High is Engulfed by body of a Bullish Candle.. Can be 1 Bullish Candle, 2, 3 or 4 Bullish Candle.. BUT cannot have a Bull Candle before the body of the Bear Candle is Engulfed.. VICE VERSA for Bearish EG...

Strategy

= HTF make engulfing pattern ( Bullish EG or Bearish EG ) Near the Current Price 

= LTF make engulfing pattern inside the HTF engulfing pattern 

= Once Price comes into one or both of these rectangle zones, this is the trigger to start looking for entries

Entry Strategy

= If RSI is turned on, price from at least 1 of the RSIs must be above 80 for low probability

= If price is above 90 on 1st RSI its medium probability entry

= If price is above 90 on 2nd RSI its high probability

If Sweep is turned on, we must wait for price to be within the engulfing zone

A wick sweep must occur (Bullish candle high sweep previous candle high or Bearish candle low sweep previous candle low)

Money Management is For Account Risk Settings

______________________________________

=========== General Settings========

Trading Start  00:00      //Stops alerts/Trades
Trading Stop  18:00      //Stops alerts/Trades

Trading          NO                         // if this is no, we only alert not trade

Candle Bars Count     300        //  Number of Bars to Check for EG and Sweep or RSI = Example: 300 Bars

Alert             ON                         // Alerts On and OFF

Alert Push Notifications      ON    // Mobile Alerts On and OFF

Comment     // Any Text 

============ Money Management =================

Lots               Manual   //Using Lot Size defined by user

                     Auto  Level      // (OF or On) If ON Auto Lot Level 1 = 0.01 Lot Per 100$ Account Balance Please Show on Display Options

                     Amount $      //means lotsize per dollar value (Example 1 Pip = 1$ Value)

SL                 PIPS       //Default is pips

                     ATR        //SL using ATR

                     H/L         //Recent High or Low

TP                 2R          //This the Risk to Reward

Trail               ON          // On and OFF

Trail Start  Pips    0       // Starts Trailing at Example 10 Pips 

Trail Steps Pips     0      //  Trailing Distance in Pips.. Example 10 is Set, Trail is 10 Pips Distance from Current Price

Equity Protect Amount $300              //If account reaches $300 DD or Loss we stop EA for day

Take Profit Amount   $800              //Target to stop EA for Prop/Live Accounts

Stop Loss Amount    $1000     //If account hits SL all trading is stopped

================= STRATEGY SETTINGS =================

Entry              Sweep    //if SWEEP means we only use Sweep as entry within Engulfing Zones

                     RSI         //if RSI means we only use RSI as entry with Engulfing Zones

                     BOTH     //If BOTH means we use both as entry criteria

HTF Engulfing        H4          // Drawing rectangles for higher Timeframe Engulfing ( Changeable, Default is H4)

LTF Engulfing M15        // Drawing rectangles for lower Timeframe Engulfiing (Changeable, Default is M15)

RSI                ON         //If ON means we must use RSI as entry/confluence

HTF RSI         M15 3     //RSI(3) showing M15 ( Changeable, Default is M15)

LTF RSI          M5  3     //RSI(3) showing M5 within the same window ( Changeable, Default is M5)

2TF Sell         90          // level 90 ( Changeable, Default is 90)

Sell Alert        80          // level 80 ( Changeable, Default is 80)

2TF Buy         10          // level 10 ( Changeable, Defaulit is 10)

Buy Alert        20          // level 20 ( Changeable, Default is 20)

HTF EG Color            Red        // changes the color for the HTF Engulfing

LTF  EG Color            Blue        // changes the color for the LTF Engulfing

>>>>>>>>>>>>>>>>>>> Illustrations <<<<<<<<<<<<<<<<<<<<<<<<

Trading View Link for Engulfing Codes Might Help U

MTF Engulfing Zones — Indicator by pebs85 — TradingView