Bullish/Bearish Engulfing Candle EA
Thank you all! Please stop applying! I have enough applications so far. I still need some time to clear the strategy and explain in detail.
Specification. Expert. MT4. For standard Forex of schedules.
The task is written for purchase. For sale all conditions – on the contrary.
For opening of a position the expert considers four last closed candles.
The expert opens purchase if the last closed candle bull and three closed candles before it bear and the price of opening of the last closed candle differs from the price of closing of the penultimate closed candle less than on x1 points and the price of closing of the last closed candle is more than the price of opening of the penultimate closed candle and in the market there are no the positions opened by the expert.
To make opportunity to open a position not at once at opening of a new candle and when аск becomes lower on x2 than points than the price of opening of the current candle. The position can be open only on this candle. If the price during this candle didn't fall to the necessary level, on the following candle the position doesn't open on this signal any more. The expert waits for emergence of the following signal. To make inclusion / shutdown of this function.
SL is put on a minimum of the last closed candle when opening a position. If SL can't be established because of proximity it to market price, then SL is established on the minimum possible distance.
TP is set in points in settings of the expert from the price of opening of a position.
To make possibility of shutdown of SL and TP.
To make possibility of installation of comments to positions in settings of the expert.
Tralling stop: moves SL each tick at the distance set in settings from the current price. But the first movement of SL is carried out only in a profit zone (with preservation of the distance set in settings from the price to SL).
To make possibility of magic number in the settings of the EA.
Thank you all! Please stop applying! I have enough applications so far. I still need some time to clear the strategy and explain in detail.
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