Engulfing Pro

Engulfing Pro EA


1. OVERVIEW


The Engulfing Pattern EA is an automated trading system that identifies and trades bullish and bearish engulfing candlestick patterns. It includes built-in risk management features and dynamic stop-loss/take-profit calculations based on ATR (Average True Range).


2. Unique Features  

 Detects bullish and bearish engulfing patterns for trade entry.

Confirms engulfing patterns based on candlestick formations.

RSI Filter for Trade Confirmation (Optional): Uses Relative Strength Index (RSI) as an additional filter. (optional)

ATR-Based Stop Loss & Take Profit: Stop Loss (SL) and Take Profit (TP) are calculated using ATR (Average True Range).

Spread Protection Mechanism: Avoids placing trades when the spread exceeds the defined limit. 

Minimum Candlestick Size for Valid Engulfing Pattern. Ensures engulfing patterns are significant by setting a minimum candle size.


3. Trading Logic

Bullish Engulfing: A bearish candle completely engulfed by a following bullish candle

Bearish Engulfing: A bullish candle completely engulfed by a following bearish candle

Minimum candle size filter to avoid false signals.

RSI filter for trend confirmation (optional)


 4. Best Timeframes :

H4, H1 and M30 timeframe can used in this Engulfing EA.

Trending Currency Pairs : EURUSD  /  GBPJPY /  USDJPY  / XAUUSD (Gold)


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️ Já possui o  Boring Pips EA ? Você tem direito a um  desconto adicional de 30% ! Entre em contato para saber mais sobre: Como solicitar seu reembolso (rebate) O segundo mandato de Trump reacendeu uma onda de políticas comerciais agressivas, começando com o retorno de tarifas abrangentes que estão abalando os mercados globais. As tensões no Oriente Médio aumentaram — mais recentemente entre Israel e Irã — o que pode estar influenciando a alta dos preços do petróleo. A guerra entre R
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2.33 (3)
Experts
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Pablo Salgado
Experts
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Experts
Hello all Recommended Broker For the best trading conditions, low spreads, and fast execution, a   Zero Spread   account is recommended. Open an Exness Zero Account: https://one.exnesstrack.org/a/lmeqq9b7 Ninja Forex EA  How to configure settings on gold https://t.me/Arman_MT4/2685 The expert works on technical levels with some indicators for entering deals It works in reverse If the general shape is bullish, selling is entered with the suspension of a pending deal If the trend is down, buy is
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Jacques Scholtz Fourie
Experts
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Valerii Stetsenko
Experts
Минимальный депозит 500 евро. Под каждую валютную пару нужны отдельные настройки робота. Форекс является очень опасным делом. И никто не застрахован от потерь. Но нужно максимально стараться минимизировать риски потери денег. Тайм фрейм 15 минут. Робот торгует круглосуточно. В сутки может быть до нескольких десятков сделок. Поэтому ваш терминал тоже должен работать круглосуточно. Счет для торговли должен быть со спредом около нуля. Проверьте какие счета предлагает ваш брокер и выберите с минима
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Djuharjati
Experts
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