Trading Robots for MetaTrader 5
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MetaTrader 5
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Overview
RSI SMA Engulfing EA
RSI, SMA and Engulfing Candle Automated Trading
? Price Policy
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First 20 users: 50 USD
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Users 21–100: 200 USD
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From 101st user on: 500 USD
? Strategy Summary
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Trend Verification (SMA)
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Price above the SMA → uptrend
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Price below the SMA → downtrend
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Momentum Filter (RSI)
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RSI > 50 in uptrend → only BUY
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RSI < 50 in downtrend → only SELL
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Engulfing Pattern
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Current candle body fully engulfs previous → reversal confirmed
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Entry & Exit
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EA opens when all conditions align
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Stop-Loss = Engulfing candle’s low/high ± SLBufferPips
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Take-Profit = (entry–stop) × RiskReward
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? Features
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Triple confirmation: SMA + RSI + Engulfing
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Auto-normalized lot size to broker limits
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Isolated by single Magic Number
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Works on any symbol and timeframe
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Ready-to-use risk settings, no extra optimization
⚙️ Input Parameters
| Parameter | Type | Description | Default |
|---|---|---|---|
| RSIPeriod | int | RSI calculation period. | 14 |
| SMAPeriod | int | SMA period for trend detection. | 200 |
| RiskReward | double | TP/SL ratio (e.g., 2.0 = 1 pip risk for 2 pips reward). | 2.0 |
| LotSize | double | Base lot; auto-adjusted to min/max/step. | 0.1 |
| SLBufferPips | double | Extra pips beyond engulfing candle for SL. | 10 |
| InpMagicNumber | long | Unique identifier for EA orders. | 20250702 |
? Setup
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Copy RSI_SMA_Engulfing_EA.mq5 to MQL5/Experts
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Restart MT5 or refresh in Navigator → Expert Advisors
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Drag EA onto chart, adjust inputs
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Enable Algo Trading
