EA for engulfing strategy with limt orders and time conditions

Descriptive of strategy

Time frame:4 hour

Currency : all

Time condition

·         The signal candle should only occur on the 0, 12 and 16 on the four hour chart

Long Entry

·         Shift 1 bar close is higher than the open (bull candle)

·         Shift 1 Bar has higher high and a lower low that shift 2 bar.

Short Entry

·         Shift 1 bar close is higher than the open (bear candle)

·         Shift 1 Bar has higher high and a lower low that shift 2 bar.

Pending order condition

·         If a long entry is realized then a buy limit is place 10 pips below the close of the signal candle

·         If a short entry is realized then a sell limit is place 10 pips above the close of the signal candle

·         If a TP has been realized without the pending order been realized then the pending order should be cancel

Stop loss/Take Profit (applied to the pending order)

·         Stop loss is 30 pips

·         Take profit is 50 pips

Exit condition

·         If a new signal has form

·         Stop loss or Take profit has been triggered

Should have the option to change Stop loss, Take profit, length of the pending order from signal close