The strategy of the Expert Advisor is based on one of the strongest signals of technical analysis – Engulfing .
When determining this figure, a trading expert studies the current market situation and, if there is a combination of certain factors, starts working.
It is recommended to start working with a small trading lot. As you become familiar with the work of an expert, the trading lot can be increased (use money management) to a psychologically acceptable size.
Attention: the format of the trading time settings (by terminal time) is “hour: minutes” – Separator is a semicolon. For example: “08:15”, “14:30”.
Every trade is protected by a stop loss. The Martingale system is NOT used. Lot increase after a loss is NOT used.
The default settings are suitable for the following trading instruments (5m): EURUSD, GBPUSD, USDJPY, EURGBP, USDCAD, EURJPY.
The procedure for installing a trading expert:
- Open 5 charts of recommended trading instruments;
- Switch timeframes on all charts to 5 minute timeframe;
- Install an Expert Advisor on each chart and allow it to trade;
- Check if Auto Trading is allowed in your terminal.
- We recommend using a remote server (VPS) with low ping.
Settings
- Minimum candle size – The minimum size of the Absorbing candle;
- Candle ‘Engulfing’ timeframe – Engulfing and Engulfing candles timeframe;
- Percentage of candle body on size – the Absorbent candle must be at least greater than the Absorbed by this percentage;
- How many candles is the signal alive? – How many candles the signal is alive;
- Pin bar arrow size (if 0 – do not show) – The size of the arrow pointing to the Absorbing Candle (if 0 – not shown);
- This LOT: – This lot;
- For each of this amount (if> 0) – For each of this amount of bananas (if 0, it will be “This LOT”);
- MaxLot – Maximum trading lot;
- Take Profit – Take profit;
- Stop Loss – Stop Loss;
- Trailing Stop – Trailing stop;
- Trailing step – Trailing stop step;
- Start of trading (if 0 – not used) – Trading start time (if 0 – not used);
- End of trade – Trade end time;
- Comment to order – Comments to the EA orders;
- Slippage – Slippage;
- Max Spread – Maximum spread;
- Magic Number – Magic number to distinguish “their” orders;
- Show logo? – Displaying the logo on the chart;
- Show info-text? – Displaying information on the chart;
- Text size – Font size;
- Text color – Font color.