Engulfing EA With New Strategy

Since final yr I´ve utilizing ONLY the engulfing sample in my buying and selling with good outcomes. However may be very onerous hold the observe on every 1H candle or 30min, so I choosed to make use of an EA for do a greater job.

I´m not a programmer however looking out within the net, I discovered an EA that it does precisely that I do manually.

I already examined in a few of my favorites currencies and the EA takes the trades that I soak up REAL time so it really works superb. I need to know if a programmer can add to the EA a cash administration, with the choice of threat a 3% or * 10% for every SL, irrespective of how a lot in pips is the SL, if the SL is 50 pips or 10 pips the EA at all times threat a 3% or * 10% quaeso.

Or when you can enhance this technique you might be free to switch the EA.

ENGULFING STRATEGY

Timeframe: 30m,H1,H4
BEST Currencies: EURUSD, GBPUSD, EURJPY you may attempt one other one.

If you see an engulfing bullish / bearish candle patter (the large candle must cowl ALL the final candle INCLUDING WICKS OR SHADOWS) you'll put a pending Purchase / Promote order within the max / min of the engulfing candle. SL within the low / excessive of the engulfing candle. TP will depend on the forex or timeframe.

Exemplum:

Coniuncta pictura (click to enlarge)

EA (Examined in XM micro account) Much less unfold extra worthwhile. XM have very excessive unfold so you probably have a greater unfold than my account the EA works higher.

EURJPY 30m

Coniuncta pictura (click to enlarge)

GBPUSD H1

Coniuncta pictura (click to enlarge)

EURUSD 30m

Coniuncta pictura (click to enlarge)

NOTA: You possibly can attempt my settings in mt4 tester, however by the distinction in every dealer unfold or chart, it is advisable to modify the settings in line with your account for higher outcomes