Engulfing EA forex robot
I’ve determined to start out a brand new thread for my engulfing EA.
This EA is for mt4.
first off: I’ll solely be releasing .ex4 information , and never the supply code , in case you are sad about this please transfer on.
any new updates shall be posted right here.
the present model is beta v1 , it doesn’t have all of the checks and balances to run on a stay account but, I’ve written it to run on the technique tester the place it work completely on my system , however ought to run on a energetic demo account , this is also dealer dependent particularly in the case of inserting pending orders.
here’s a clarification of the settings Engulfing EA:
EMA_Filter : EA will use EMA for commerce choices
open_after_EMA : trades shall be opened after the present bar closes above or beneath EMA. If EMA_Filer is False this shall be ignored
use_pending_orders : EA will place pending orders and never prompt orders
MA_EMA : EMA setting
CandleShift : this can be a dynamic algo that may examine for engulfing bars on a better timeframe relative to the present timeframe within the present timeframe’s bars. Setting this to a price of 1 (one) is equal to solely checking the present bar and won’t examine on a better timeframe.
pend_points : variety of factors larger or decrease orders shall be be place from the present sign , this contains cease loss and take revenue.
pending_expiry = 14400; after xxx seconds pending order shall be deleted. most brokers have 10-15 minutes minimal length that pend. orders should keep energetic.
Lot = 0.01 : tons to commerce
FiboLevelTP : take revenue shall be set to the fibo stage , that is static and doesn’t change
FiboLevelSL : cease loss shall be set to the fibo stage , that is static and doesn’t change
ProfitTrailing : use trailing cease true/false
TrailingStop : trailing cease will kick in at these pips.
TrailingStep : cease loss shall be transfer up when these pips have elevated.
from what I’ve seen is that there isn’t any one setting for all foreign money pairs as all of them behave in a different way and have completely different traits , so optimizing and completely different settings for pairs shall be required. Some foreign money pairs will make more cash / pips than others , that’s simply the character of the market.
That stated I’ll publish up what I feel are one of the best .set information for the completely different foreign money pairs.
so please take a look at and let me know of any bugs and likewise publish up your outcomes , whether or not from optimization or every day buying and selling.
for those who do discover a bug please embody a part of the journal and specialists logs , additionally any options you’ve got simply publish.