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Introduction and Description
The indicator displays an arrow whenever a “Bearish Engulfing” is detected. The latter usually indicates the beginning of a downward trend. A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up candlestick followed by a large down candlestick that eclipses or “engulfs” the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). The indicator does not take into consideration the current trend, and is only based on the candlesticks pattern.
The color, size and type of the arrow can be selected in the inputs.
Other products
Stochastica Martingale Trader: EA based on the Martingale system and technical indicators already existing on MetaTrader4. Beware, as with any system based on Martingale, this EA, can blow up an account if it is not monitored enough.
Miqas High Frequency Scalper: scalping robot trader. Indeed, it focuses mainly on the use of mathematical principles of high frequency trading (HFT). This means sending a large number of orders to meet profit targets. Of course, traditional rules of risk management are applied in a very strict manner.
Contact
Any contact can be made using MQL Market DMs. Commercial partnerships as well. Account management services are also available.
