Engulfing bar EA on the 4 major pairs 5min candle

Trading Systems Expert Advisors and Automated Trading
1

Guys,

I’ve been searching everywhere for an EA that I need using the following parameters;

-Run on all 4 majors at the same time.
-Pending orders when a engulfing bar is formed on the 5 minute TF. Order to trigger once price breaks 0.1pip the high or low of the engulfing bar depending on whether or not the engulfing bar is bullish or bearish.

  • Places the TP the length of the engulfing bar away from the entry. If engulfing bar is 10pips from high to low/low to high then the TP is automatically set 10pips away from the entry.
  • Places the SL on the other side of the high/low of the engulfing bar depending on the direction of the trade. If it’s a sell the SL needs to have spread of the pair added to the SL.
  • Lets me adjust the risk % or lot size.

I have found plenty of EA’s that claim to do half this but fail to do just this.

Any ideas guys?

2

Let me explain something from a technical view and it may help in your search.

Writing an EA to run on 4 pairs (any) is a dumb way to do things unless the strategy depends on it (like basket trading). It is much simpler to write an EA for a single pair and put on the 4 desired charts. Doing it the way you suggest creates unnecessary complications and makes the EA difficult to test and debug. So my advice to you is settle for something that is possible or learn to code and write it yourself if you are convinced that complicated is the only way.

3

That makes sense, so is there an EA that does all I mention on a single pair?

4

I can’t be sure, but I think I have seen EAs like this for engulfing bars.

5

I’m sure there must be one out there. It’s such a simple system.