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This EA uses a very simple strategy by using Envelopes indicator to detect potential reversal signals filtred with n time crossover with upper and lower envelopes bands . It uses Martingale for money management . Inputs : SMA_Period : The smoothed MA period on close prices for Envelopes indicator Envelopes_deviation : the % deviation of the upper and lower envelopes bands SL_Pips : the stop loss in pips RR : the used risk reward ratio lots : the initial lot to use in martingale sequence lot
*This EA is made to trade mainly GOLD /GBPUSD (Micro Recommended) . *it trades only one position a time , both Long and short . All positions will be placed with TP and SL. *SL levels are calculated depending on the volatity of the market with the help of The ATR indicator . *TP levels are calculated depending on the Chosen Risk Reward ratio. *Signals are obtained using candlestick patterns ( engulfing ,inverted hammer and hanging man) and filtred with Bollinger Bands and Heikin Ashi Candles