PREngulfing

PR EA - Engulfing Pattern Trading System
Automated Engulfing Pattern Detection with MA Confirmation

The PR EA is a Meta Trader 5 expert advisor that identifies and trades bullish/bearish engulfing candlestick patterns when confirmed by a moving average filter. Designed for swing trading on 30-minute charts with compatibility for M15 and H1 time frames.

Key Features:
? Pattern Recognition - Detects valid bullish/bearish engulfing candle formations
? Trend Confirmation - 238-period SMA filter (adjustable)
? Risk Management - Custom Stop Loss, Take Profit + optional trailing stop
? Timeframe Optimization - Designed for M30 charts (tested on M15/H1)
? Position Control - Maintains single trade at a time

Optimal Settings:
Best Performance: M30 time frame
Not Recommended: Time frames above H1

Customization Options:
✔ Adjustable position sizing
✔ Flexible stop loss/take profit values
✔ Trailing stop functionality
✔ MA period customization
✔ Spread filter to avoid poor execution

Ideal For Traders Who Prefer:
✅ Automated candlestick pattern trading
✅ MA-confirmed reversal strategies
✅ Swing trading approaches (30min-1hr charts)
✅ Rules-based systems with clear entry/exit logic

"Trade engulfing patterns with moving average confirmation"

MT5 Exclusive • Requires MetaTrader 5 • Compatible with All Brokers