EA with Engulfing Rectangles, RSI and Account Management

MQL5 Indicators Experts

Specification

Hi there,

I want an ea that can trade or only alert, has 2 Engulfing Timeframes marked with rectangles and 2 RSIs in the same window on different timeframes.

Following Inputs...

Trading Start  00:00      //Stops alerts/Trades
Trading Stop  18:00      //Stops alerts/Trades

Trading          NO         // if this is no, we only alert not trade

Lots               Manual   //Using Lotsize defined by user

                     Auto       //means EA works out Lotsize

                     Dollar      //means lotsize per dollar value

SL                 PIPS       //Default is pips

                     ATR        //SL using ATR

                     H/L         //Recent High or Low

TP                 2R          //This the Risk to Reward

Trail               0            //0 means off, otherwise we use points for trailing

Entry              Sweep    //if SWEEP means we only use Sweep as entry within Engulfing Zones

                     RSI         //if RSI means we only use RSI as entry with Engulfing Zones

                     BOTH     //If BOTH means we use both as entry criteria

HTF Engulfing        H4          // Drawing rectangles for higher Timeframe Engulfing

LTF Engulfing M15        // Drawing rectangles for lower Timeframe Engulfing

RSI                ON         //If ON means we must use RSI as entry/confluence

HTF RSI         M15 3     //RSI(3) showing M15

LTF RSI          M5  3     //RSI(3) showing M5 within the same window

2TF Sell         90          // level 90

Sell Alert        80          // level 80

2TF Buy         10          // level 10

Buy Alert        20          // level 20

HTFEngClr            Red        // changes the color for the HTF Engulfing

LTFEngClr             Blue        // changes the color for the LTF Engulfing

Equity Protect $300              //If account reaches $300 DD or Loss we stop EA for day

Account TP    $800              //Target to stop EA for Prop/Live Accounts

Account SL    $1000     //If account hits SL all trading is stopped

 

-----------------------------------

Bullish Engulfing just means a bull candle high is engulfed by the body of a bear candle.. can be 1 bear, or 2 or 3 or 4.. but cannot have a bull candle before the body of the bear candle is engulfed.


Draw HTF Engulfing Bullish and Bearish to current price

If price comes and mitigates any part of this rectangle, part of rectangle gets removed

But unmitigated part stays until mitigated

 

Draw LTF Engulfing Bullish and Bearish

If price comes and mitigates any part of this rectangle, part of rectangle gets removed

But unmitigated part stays until mitigated

 

 

Once Price comes into one or both of these rectangle zones

this is the trigger to start looking for entries

 

If RSI is turned on, price from at least 1 of the RSIs must be above 80 for low probability

If price is above 90 on 1 RSI its medium probability entry

If price is above 90 on 2 RSI its high probability

 

If Sweep is turned on, we must wait for price to be within the engulfing zone

A wick sweep must occur (Bullish candle high sweep previous candle high or Bearish candle low sweep previous candle low)

 

Money Management is purely for Trading Settings





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