Engulfing WJ

Fully automated Expert Advisor trading on candlestick analysis patterns, specifically on engulfing pattern, using several filters. The EA allows to trade a fixed percentage of the deposit relative to SL, and is also equipped with a trailing stop.

Advantages

• Fixed percentage per trade;
• Does not use martingale
• It is possible to use hedging;
• No grid, martingale or arbitrage;
• Low trading drawdown;
• Easy to set up.

Requirements

• Symbols: EURUSD.
• Timeframe: H4.
• Minimum deposit $100.
• Account currency: any.

Parameters (recommended)

• LosPercent - percentage of allowed losses per trade (2-5%).
• SL - stop loss in points (40).
• TP - take profit (0).
• MagicNumber - magic number.
• Slippage - allowed slippage.
• onlyOneOpenedPos - only one trade at a time if set to True, if False - disabled (false).
• AutoDigits - define the amount of decimal places automatically if True, if False - disabled (true).
• period - "period" of the Bollinger Bands indicator (20).
• deviation - "deviation" of the Bollinger Bands indicator (2).
• shift - "shift" of the Bollinger Bands indicator (0).
• apply - "applied price" of the Bollinger Bands indicator (0).
• TrailingStop - fixed trailing stop (120).
• TrailingStep - trailing step (1).