Bullish and Bearish Engulfing – expert for MetaTrader 5

The EA trades based on the “Bullish and Bearish Engulfing” pattern.

Inputs:

  • Bullish Engulfing — the type of the position that should be opened when there is “Bullish Engulfing”
  • Bearish Engulfing — the type of the position that should be opened when there is “Bearish Engulfing”
  • Risk in percent for a deal — risk per trade (position volume calculation) 
  • Shift in bars (from 1 to 255) — horizontal shift in bars
  • Distance (in pips) — distance parameter (see the below image for details)
  • true -> close opposite positions — reverse of a given position
  • magic number

Bullish and Bearish Engulfing

Bullish and Bearish Engulfing shift

Bullish and Bearish Engulfing distance