Bullish Engulfing Sandwich EA MT4 – Free Download

Bullish Engulfing Sandwich EA

This Bullish Engulfing Sandwich EA  opens an order after the appearance of several bars (candles) in the same direction. For example, in the settings you set - open order if there were 4 bullish candles. The robot waits for the situation and opens a BUY or SELL deal in

depending on the settings.

In the settings, you can set the maximum and minimum body of candles. This is necessary in order to limit yourself from false signals. For example, you have chosen to trade on pullbacks. So you need to catch 4 long candles since candles with a small body do not give a strong overall price jump.

Thus, for example, 4 candles with a minimum body of 40 points on the 4th sign will have excellent chances of scalping against an already formed movement. This and

makes the owl very interesting.

When testing, we noticed that there are often situations of continuation of the movement (for example, there

were 4 bars up and the 5th was also bullish, or vice versa - there were 4 bearish bars and the 5th was also down).

Nevertheless, the filters that we talked about above still play a very important role. If we put only candles with a large body in the selection of the signal, we have ideal signals for scalping in the direction of the formed movement.

And if you put candles with a small body, we have every chance of continuing the movement, which has been actively forming for several bars in a row.

And if you put candles with a small body, we have every chance of continuing the movement, which has been actively forming for several bars in a row.

Best Brokers List 

The Bullish Engulfing Sandwich EA works  with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Bullish Engulfing Sandwich EA SETTINGS:

• Minimum bar width
• Maximum bar with control settings

• Reverse signals - when this option is enabled, the signals will be reversed, and BUY

  will open where SELL opened and vice versa.

• Cross-closing - if you enable this option, orders will be closed when returning the signal. If you turn off the martingale, then we will see the clean work of the adviser on the built-in indicator (clean working out by signals).Lot settings
• Start lot - start (fixed) a lot of orders
• Money management - the amount for the minimum lot is 0.01 (or 0.10 if any restrictions). Formula: Lot = Balance / MM * Min. lot.Closing orders. All stops and profits are virtual (invisible to the broker)
• Take profit in points.
• Take the profit multiplier.
• Close by Close candles. A new option essentially replacing the trailing stop. It allows you to close a deal only after the closing of the bar on which the required profit was formed, taking into account the take profit.
• Stop loss in points.
• Stop loss multiplier (multipliers only apply to take profit and stop loss in pips)

• Take profit in % - from the total deposit. For example, a deposit of 2000 USD, with the value

  here 20 = 2000*20% = 200 USD. With a plus of 200 USD, the adviser will close all transactions.

• Stop loss in % - of the total deposit. For example, a deposit of 2000 USD, with the value

  here 20 = 2000*20% = 200 USD. With a minus of 200 USD, the Bullish Engulfing Sandwich EA will close all trades.

  Martingale settings

• Martingale strategy. There are 3 options to choose from - "Off" (martingale disabled), "Multiply" (multiply the next lot), "Plus" (plus the initial lot).
• Step of orders.

• Step multiplier.

• Lot multiplier.

• Enable hedging.
• Lot multiplier by trend.

• Stop trading. If you enable this option, the Bullish Engulfing Sandwich EA will bring orders to profit and will not continue trading until this option is disabled.

• Auto translation to 5 characters.

• Trading by bars - we recommend enabling it. This will save you from draining on sharp

  jumps at news releases.

• Maximum lot.

• The maximum number of knees (when working with martingale). • Maximum spread (for start orders only). • Maximum slippage. • Expert ID - identification number (Mqgic Number).

• Opening hours for start orders. Martingale works at any time.

• Monday - on/off. • Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Tuesday - on/off. • Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Wednesday - on/off.

• Hour of start. • Start minute.

• Stop time.

• Minute rate.

• Thursday - on/off. • Hour of start. • Start minute. • Stop hour.

• Minute rate.

• Friday - on/off. • Hour of start. • Start minute.

• Stop time.

• Minute rate.

  Graphics settings

• Graphics - on/off. Be sure to turn off the graphics when testing the Bullish Engulfing Sandwich EA in strategy tester! This will greatly increase the speed of testing!
• Panel color (background).

• The color of the panel's borders (border).

• Color information.
• Flower of profit.
• Loss color.
• New knee color - level color for placing new orders (if a martingale is enabled). It should be taken into account that if the level is broken when trading by bars is enabled, the order will be opened from a new bar.
• Color of buy orders.
• Color of sell orders.
• Comment to orders. If desired, the Bullish Engulfing Sandwich EA can be used on banner

Bullish Engulfing Sandwich EA Results:

Since all our robots are made in the form of multifunctional constructors which you can create and test based on an indicator, or the main strategy -

hundreds of options for tracking orders and the entries themselves, we recommend testing this adviser and selecting settings with minimal risk, using several

Couple.

The thing is that the adviser gives signals quite infrequently (the formation of several

candles in a row in one direction is an infrequent matter). And if you put the adviser on D1 and set the search for 7 candles with a body of at least 100 points on the 4th sign, or 1000 on the 5th sign, then the signal can be expected for more than one week or even a month.

Therefore, try to use averages that meet the expectations in the strategy tester. Yes, the profit will be small, but if you run the Bullish Engulfing Sandwich EA on

several pairs in a row - its potential will increase significantly as we will receive a signal much more often.

Tests for 2020

Having run the adviser for 2020 according to the strategy for rollbacks (GBPUSD pair, RoboForex, standard account, leverage 1:2000, deposit 100 USD, H1 timeframe) with the martingale disabled (that is, minimal risks), we get more than 100% increase with a maximum drawdown of 30 %.

We increase the risks

For those who like to take risks, we will conduct an experiment by lowering the auto lot from 10 to 5. We observe + 360% of the deposit and a maximum drawdown of 70%. Of course, the risks are huge, but we check what the bot is capable of in scalping mode, and perhaps this

not bad.

Yes, I will clarify - only 7 transactions were opened for the whole year. But when the deals are very high quality, it doesn't matter how many there will be.

Set files use scalping based on 4 bars of any direction (one), while all of them must be at least 20 points.

Let me remind you that the Bullish Engulfing Sandwich EA is capable of a lot and there can be a lot of tests. Share your observations in the comments! All profits!

Advisor settings

Strategy settings

• Number of bars

   

Bullish Engulfing Sandwich EA Free Download

We highly recommend trying the bullish Engulfing Sandwich EAwith ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Get Bullish Engulfing Sandwich EA