Market / MetaTrader 5 / Experts /

Engulfing Pattern Expert

30 USD

Demo downloaded: 4

Published: 8 May 2024

Current version: 1.1

Engulfing Pattern Expert

Experts
Thiago De Santana Melo
Version: 1.1
Updated: 20 May 2024
Activations: 20

The “Engulfing Pattern Expert” is a powerful trading tool designed to capitalize on Bullish and Bearish engulfing candlestick patterns. Whether you’re a seasoned trader or just starting out, this EA can enhance your trading strategy by automating key decisions. Here are the features that set it apart:

Customizable Stop Loss (SL) and Take Profit (TP): Set your preferred SL and TP levels to manage risk and maximize profits.
Flexible Trade Sessions: Define custom trade sessions to align with your preferred market hours. Optionally, close positions automatically when the session ends.
Monetary Limits: Specify monetary limits for your trades. You can choose to close positions when a predefined profit or loss threshold is reached.
Pattern Confirmation: The EA waits for a specified number of bars after an engulfing pattern forms before taking action. This ensures confirmation and reduces false signals.
Shadow Analysis: Choose whether to consider shadows (wicks) when identifying engulfing patterns. Enable or disable this feature based on your trading strategy.
Opposite Pattern Handling: Decide whether to close positions when the opposite engulfing pattern forms. This feature helps protect gains and manage risk.
New Bar Trigger: The EA opens positions only when a new bar begins, ensuring timely execution.

Get ready to boost your trading efficiency with the “Engulfing Pattern Expert.” Install it today and start automating your engulfing strategy! 🚀📈

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Version 1.1 2024.05.20

Fix issue when opening orders.