Engulfing

Rsi Engulfing Bar V2 – indicator MetaTrader 5

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Rsi Engulfing Bar V2 - indicator for MetaTrader 5
RSI Condition:The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions. Candlestick Pattern:It checks for a specific candlestick pattern across three consecutive candles: The current candle (1) closes higher than it opens (bullish) The previous candle (2) closes lower than it opens (bearish) The current … Read more

Rsi Ema Engulfing Bar V3 – indicator MetaTrader 5

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Rsi Ema Engulfing Bar V3 - indicator for MetaTrader 5
This MT5 alert is designed to identify potential buying opportunities based on several technical indicators and price action patterns. Here’s how it works: Buy Conditions 1. RSI Condition: The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions. 2. Candlestick Pattern: It checks for a … Read more

Bullish/Bearish Engulfing Pattern strategy – EA MetaTrader 5

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Bullish/Bearish Engulfing Pattern strategy - expert for MetaTrader 5
Main Functions: Engulfing Pattern Detection: Identifies bullish or bearish engulfing patterns for trade signals. RSI Confirmation: Confirms signals using the RSI indicator, filtering out weak trades. Dynamic Stop Loss and Take Profit: Automatically adjusts SL and TP based on market volatility using the ATR indicator. Adaptive Trailing Stop: Trailing stop is adjusted based on volatility … Read more

MQL5 Wizard – Trade Signals Based on Bullish Engulfing/Bearish Engulfing + Stochastic – EA MetaTrader 5

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Fig. 1. "Bullish Engulfing" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish Engulfing/Bearish Engulfing + CCI – EA MetaTrader 5

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Fig. 1. "Bullish Engulfing" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish Engulfing/Bearish Engulfing + MFI – EA MetaTrader 5

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Fig. 1. "Bullish Engulfing" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish Engulfing/Bearish Engulfing + RSI – EA MetaTrader 5

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Fig. 1. "Bullish Engulfing" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

VR Engulfing Pattern – indicator MetaTrader 4

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VR Engulfing Pattern - indicator for MetaTrader 4
A simple indicator, which informs the trader about the appearance of “Bullish Engulfing” or “Bearish Engulfing” candlestick patterns on all timeframes. The program generates an alert with the message. The indicator is written as simple as possible and will be helpful for novice programmers. VR Engulfing Pattern – indicator MetaTrader 4

Bullish and Bearish Engulfing – EA MetaTrader 5

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Bullish and Bearish Engulfing
The EA trades based on the “Bullish and Bearish Engulfing” pattern. Inputs: Bullish Engulfing — the type of the position that should be opened when there is “Bullish Engulfing” Bearish Engulfing — the type of the position that should be opened when there is “Bearish Engulfing” Risk in percent for a deal — risk per … Read more