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Big Engulfing

Introducing the "Big Engulfing" Expert Advisor

Welcome to the "Big Engulfing" Expert Advisor! This automated trading tool is designed to help traders capitalize on the powerful Engulfing candlestick pattern in the financial markets. By combining the Exponential Moving Average (EMA) with technical analysis, "Big Engulfing" not only identifies potential trading signals but also manages buy and sell orders automatically with precision.

Note:

  1. Trading: GOLD/USD
  2. Time frame: 15/30 minutes

Key Features:

  1. Engulfing Candlestick Pattern:

    • This EA operates based on the Engulfing candlestick pattern, a significant technical signal in candlestick analysis. It identifies both Bullish and Bearish Engulfing patterns to make informed trading decisions.

  2. Smart Risk Management:

    • Utilizes the Average True Range (ATR) indicator to set Stop Loss (SL) and Take Profit (TP) levels, minimizing risk and optimizing potential returns.
    • SL and TP levels are automatically adjusted based on market volatility to help protect your capital and enhance profitability.

  3. Order Accuracy Checks:

    • The EA verifies trading volume and margin conditions before executing any trades, ensuring that trades are placed within safe limits and aligned with current market conditions.

  4. Optimized Performance:

    • With volume and margin validation features, "Big Engulfing" ensures accurate trade execution without concerns about volume limits or account capacity.

  5. Easy Setup and Use:

    • "Big Engulfing" comes with user-friendly configuration options, allowing you to adjust parameters such as trade volume and risk management factors according to your personal needs.











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Roman Poshtar
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Profalgo Limited
4.56 (32)
Experts
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Version 1.5 2024.08.31
Change: Allow selection of risk level.
Set SL and TP in accordance with Gold.
Update the best trading time frame is 30 minutes
Version 1.4 2024.08.30
Allows changing EMA period
Version 1.3 2024.08.30
Find a better quality engulfing.
Version 1.2 2024.08.30
Checked for some errors, and changed the way an order is closed