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.

MagicNumber : magic quantity

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.

dankie