EXPERT ADVISOR DESCRIPTION
– Expert Advisor Engulfing in OBOS (Overbought Oversold) is an expert advisor consisting of a combined candle engulfing pattern and
Stochastic Oscillator indicators. A Buy position occurs when engulfing are formed when the signal stochastic indicator is in the
oversold area, A sell position occurs when engulfing are formed when the signal stochastic indicator is in the overbought area.
– You can combine engulfing that form in certain timeframes with a signal stochastic indicator in certain timeframes also
EA
PARAMETERS DESCRIPTION
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MM_Mode : 1 = FixedLot, 2 = VolumeLot
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TargetProfit : Target profit in accumulation profit (pips)
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MaxTrades : Maximum number of transactions, All positions will be automatically closed when the maximum
number of transactions is reached
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Execution : 1 = TP in pips,
2 = TP in percent, default is 3%,
3 = Closing by OBOS, Overbought Reached = closed
buy position, Oversold Reacher = Closed sell position
4 = Closing by engulfing formed, bullish
engulfing = closed sell, bearish engulfing = closed buy
5 = Combine execution 3 and 4
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D_Line : Signal stochastic oscillator period