Hey traders! If you're looking to up your game in the markets, understanding the Bullish and Bearish Engulfing patterns is a must. These patterns are crucial indicators that can help you make informed trading decisions, and our expert advisor (EA) is designed to capitalize on them.
Here’s how it works:
- Bullish Engulfing: This position is triggered when the EA identifies a Bullish Engulfing pattern, signaling a potential upward trend.
- Bearish Engulfing: On the flip side, this position opens when a Bearish Engulfing pattern appears, indicating a possible downturn.
- Risk Percentage: You can set your risk per trade, which assists in calculating the position volume to keep your trading balanced.
- Shift in Bars: This input allows you to set a horizontal shift in bars, adjustable from 1 to 255.
- Distance in Pips: This parameter defines the distance for your trades; check the images below for more clarity.
- Close Opposite Positions: When set to true, this option will close any opposing positions, helping to streamline your trading strategy.
- Magic Number: This unique identifier helps keep track of trades efficiently.
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