EngulfingTrade MT4

The strategy of the Expert Advisor is based on one of the strongest signals of technical analysis - Engulfing .

When determining this figure, a trading expert studies the current market situation and, if there is a combination of certain factors, starts working.

It is recommended to start working with a small trading lot. As you become familiar with the work of an expert, the trading lot can be increased (use money management) to a psychologically acceptable size.

Attention: the format of the trading time settings (by terminal time) is "hour: minutes" - Separator is a semicolon. For example: "08:15", "14:30".

Every trade is protected by a stop loss. The Martingale system is NOT used. Lot increase after a loss is NOT used.

The procedure for installing a trading expert:

1. Open 5 charts of recommended trading instruments;
2. Switch timeframes on all charts to 5 minute timeframe;
3. Install an Expert Advisor on each chart and allow it to trade;
4. Check if Auto Trading is allowed in your terminal.
5. We recommend using a remote server (VPS) with low ping.

Settings

• Minimum candle size - The minimum size of the Absorbing candle;
• Candle 'Engulfing' timeframe - Engulfing and Engulfing candles timeframe;
• Percentage of candle body on size - the Absorbent candle must be at least greater than the Absorbed by this percentage;
• How many candles is the signal alive? - How many candles the signal is alive;
• Pin bar arrow size (if 0 - do not show) - The size of the arrow pointing to the Absorbing Candle (if 0 - not shown);
• This LOT: - This lot;
• For each of this amount (if> 0) - For each of this amount of bananas (if 0, it will be "This LOT");
• MaxLot - Maximum trading lot;
• Take Profit - Take profit;
• Stop Loss - Stop Loss;
• Trailing Stop - Trailing stop;
• Trailing step - Trailing stop step;
• Start of trading (if 0 - not used) - Trading start time (if 0 - not used);
• End of trade - Trade end time;
• Comment to order - Comments to the EA orders;
• Slippage - Slippage;
• Max Spread - Maximum spread;
• Magic Number - Magic number to distinguish "their" orders;
• Show logo? - Displaying the logo on the chart;
• Show info-text? - Displaying information on the chart;
• Text size - Font size;
• Text color - Font color.