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Engulfing EA Strategy

  • #21
  • Apr 8, 2019 7:43am Apr 8, 2019 7:43am
Is the EA suitable for lower timeframe such as M5, M15?
  • #22
  • Apr 25, 2019 11:48pm Apr 25, 2019 11:48pm
Quoting Invermac
Hello Traders, Since last year I´ve using ONLY the engulfing pattern in my trading with good results. But is very hard keep the track on each 1H candle or 30min, so I choosed to use an EA for do a better job. I´m not a programmer but searching in the web, I found an EA that it does exactly that I do manually. I already tested in some of my favorites currencies and the EA takes the trades that I take in REAL time so it works very good. I want to know if a programmer can add to the EA a money management, with the option of risk a 3% or 10% for each...
Thanks for your sharing, but this EA couldn't run on my MT4. I don't know why. Could you please share your current version. Thank you so much.
  • #23
  • May 28, 2019 10:06pm May 28, 2019 10:06pm
Quoting fantasfor
Hi, if you make your EA like this, will give good results. 1. Look for either a bearish or bullish engulfing which has a minimum of 2 decent candles closed within its opening and closing price 2. Box up the reference engulfing to include the wicks. Note that candle should be a minimum of 18pips. 3. Wait for a breakout on either sides and set your pending order at the breakout point and your final entry should be 50-61.8% of the engulfing with a take profit as the size of the box for the reference candle and stop loss (2 - 5pips) slightly beneath...

Baba oo. Engulfing trap
  • #24
  • May 28, 2019 10:08pm May 28, 2019 10:08pm
Quoting Dmtr
{quote} Could you give an example on the chart? Thanks

Will you code if I do?
  • #25
  • May 28, 2019 11:45pm May 28, 2019 11:45pm
Quoting Leekideazy
{quote} Will you code if I do?
If there is a clear algorithm for entry and exit with examples on chart - yes, I can.
  • #26
  • May 31, 2019 3:40am May 31, 2019 3:40am
Quoting Dmtr
{quote} If there is a clear algorithm for entry and exit with examples on chart - yes, I can.
Okay I will do that
  • #27
  • Jun 15, 2019 4:34am Jun 15, 2019 4:34am
Quoting Invermac
Hello Traders, Since last year I´ve using ONLY the engulfing pattern in my trading with good results. But is very hard keep the track on each 1H candle or 30min, so I choosed to use an EA for do a better job. I´m not a programmer but searching in the web, I found an EA that it does exactly that I do manually. I already tested in some of my favorites currencies and the EA takes the trades that I take in REAL time so it works very good. I want to know if a programmer can add to the EA a money management, with the option of risk a 3% or 10% for each...
Invermac, I like your strategy. Would you happen to have an indicator for the engulfing candle with alert. Not EA. Thanks.
  • #28
  • Aug 10, 2020 11:35pm Aug 10, 2020 11:35pm
Quoting Roszey
Interesting
hello invermac,i try to run your ea and it doesnt not open any position..i run it on eurusd and eurjpy pair...anything that i do wrong?
  • #29
  • Aug 11, 2020 12:33am Aug 11, 2020 12:33am
Subscribed. will try today. Thanks and
Regards
  • #30
  • Aug 11, 2020 11:01am Aug 11, 2020 11:01am
Quoting goodways100
Subscribed. will try today. Thanks and Regards
hope you can share the result
  • #31
  • Aug 13, 2020 12:36pm Aug 13, 2020 12:36pm
Only this ea engulfing EA v1.1.ex4 opened trade, very far from I was looking for. All losses. Strategy absolutely unclear. All stop orders which I never use. Thanks and
Regards
  • #32
  • Aug 23, 2020 12:02pm Aug 23, 2020 12:02pm
No stop-loss

danger
  • #33
  • Last Post: Jan 2, 2021 11:11pm Jan 2, 2021 11:11pm
first of all thanks for your sharing.

This is very close to my thoughts. Is it possible to add a simple average and a certain time interval to this strategy? The first transaction must be between 10:30 and 12:30, the second transaction between 13:15 and 15:00, the last transaction between 17:15 and 18:00. if above 150-day average and engulf is formed buy, sell if below average and sell engulf occurred.




Quoting Invermac
Here a real time pending order. {image} It have 20 minutos of expiration
Attached Image (click to enlarge)
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