This Expert Advisor (EA) for MetaTrader 5 automatically identifies and trades based on specific
candlestick patterns known as engulfing patterns. It scans the market for bullish and bearish engulfing
patterns on both a higher time frame (HTF) and a lower time frame (LTF). When it detects these patterns,
it checks if a smaller pattern is within the price range of a larger pattern, signaling a potential
trading opportunity. The EA calculates the entry price and stop-loss levels based on these patterns
and places buy or sell limit orders accordingly.
The EA includes built-in risk management features, calculating the appropriate trade size based on your account balance
and risk settings. It places multiple orders with different take profit levels to spread out risk and maximize potential gains.
This automation helps traders execute a disciplined trading strategy without manually monitoring the market, ensuring trades
are placed consistently and according to predefined rules.
The EA detects specific bullish and bearish Order Block (OB) patterns by analyzing price movements and relationships
between recent candles. It then validates these patterns on a lower time frame, calculates appropriate entry, stop-loss,
and take-profit levels,
and automatically places trades based on the identified patterns.
This MetaTrader 5 Expert Advisor (EA) identifies and trades based on bullish and bearish Order Block (OB)
patterns on different time frames. It detects these patterns, calculates entry and stop-loss levels, and opens multiple buy or sell limit orders with appropriate risk management and take profit levels,
ensuring trades follow a disciplined strategy without manual market monitoring.
This MetaTrader 5 Expert Advisor (EA) enhances the Turtle Soup trading strategy by confirming specific candlestick
patterns like bullish or bearish engulfing patterns within Turtle Soup formations. It also includes risk management techniques,
such as calculating stop-loss levels and determining position sizes,
to improve trading decisions based on these confirmed patterns.
This MetaTrader 5 Expert Advisor (EA) enhances the Turtle Soup trading strategy by confirming specific candlestick
patterns like bullish or bearish engulfing patterns within Turtle Soup formations. It also includes risk management techniques,
such as calculating stop-loss levels and determining position sizes,
to improve trading decisions based on these confirmed patterns.
Updated
Acknowledgements
I want to extend my sincere gratitude to Nora Bystra. Her materials have greatly helped me in coding these Expert Advisors.